Investment Opportunity in Kimihurura, Kigali

  • $180,000
For Sale

Investment Opportunity in Kimihurura, Kigali

  • $180,000

Overview

  • Apartments, Investment Opportunities
  • Property Type

Description

Discover an exceptional chance to own a 704 sqm plot of prime land nestled in the esteemed neighborhood of Kimihurura in Kigali. This unique opportunity includes comprehensive architectural plans, contractor agreements, and all resources required to initiate construction on an exquisite 7-unit luxury residential project envisioned by local architects ASA.

Situated on KG 648 Street, a mere 500m from the Kigali Convention Centre, Radisson Hotel, and Kigali Heights, and just a 2-minute stroll from the renowned Inka Steakhouse, this location offers unparalleled convenience. Additionally, it boasts easy access, being only a 10-minute drive from the international airport.

The development plans, although expired in July 2023, are extendable and outline the creation of six 2-story, 2-bedroom apartments (each 94 sqm) featuring open layouts, private gardens/panoramic terraces, and built-in storage. Additionally, there’s a plan for a 4-story, 3-bedroom attached house (130 sqm) with a garden and rooftop terrace.

This modern design showcases traditional clay brick exteriors complemented by spacious balconies capturing breathtaking hilltop views over Kigali. For investors, the projected payback period is under 6 years, with an estimated construction cost of $700,000 (inclusive of quotes from 3 contractors) and promising rental income projections.

The property package encompasses full architectural plans and renderings, a Bill of Quantities, construction cost analysis, and draft construction contracts compliant with Rwandan law. Furthermore, it includes introductions to pre-vetted project managers, architects, and contractors.

Everything is meticulously arranged to facilitate the seamless commencement of this world-class development in one of Africa’s fastest-growing real estate markets. Don’t overlook this opportunity to embark on the development of premium property in the heart of Kigali.

For inquiries, please contact us at info@vibe.rw or via WhatsApp at +250 788 999 273. Explore additional properties for rent here.

Details

Updated on May 22, 2024 at 1:38 pm
  • Price: $180,000
  • Land Area: 704 m²
  • Property Type: Apartments, Investment Opportunities
  • Property Status: For Sale

Address

  • Area Kimihurura

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