Prime Investment Opportunity in Katima Mulilo on the Zambezi River
Discover an exceptional property located right on the scenic Zambezi River in Katima Mulilo, a charming town nestled in northeastern Namibia. This prime location is within the heart of the KAZA Park, one of the largest transboundary conservation areas globally, offering a serene yet accessible setting ideal for tourism. The property is conveniently close to the town center, enhancing its appeal for visitors while maintaining a tranquil and natural atmosphere thanks to its lush tree coverage.
Katima Mulilo serves as the central hub for tourism in the Zambezi Region (formerly Caprivi) and neighboring countries. Despite the town's strategic importance, there is a notable lack of dining and accommodation options for tourists, particularly those in transit. This property offers a unique opportunity to fill that gap, especially catering to international tourists, including a significant number of German visitors.
Property Description:
The spacious 1,858 m2 property currently features a guesthouse and restaurant under construction, with significant progress already made:
- 7 Guest Bungalows: These bungalows, designed to offer comfortable and authentic accommodations, are largely complete with walls and roofs constructed. Only the interior finishing remains.
- Bar: The bar is in the shell construction phase and will serve as a cozy gathering spot for guests.
- Restaurant: The restaurant, designed to accommodate approximately 100 guests, is underway and promises to be a central feature of the property.
- Owner/Manager’s Residence: The on-site residence ensures smooth operation of the guesthouse. The accommodation includes a completed kitchen, bathroom, toilet, and one bedroom, with a second room in the shell construction phase. Additionally, a fully operational workshop, tool room, and laundry area are included.
Site Plan:
The site plan showcases the thoughtful layout of the bungalows, bar, manager’s residence, and other facilities. The arrangement harmoniously integrates with the natural surroundings, maximizing comfort and creating a relaxing atmosphere for future guests.
Investment Opportunity:
This project is available for immediate takeover at a price of 3.7 million N$. Upon completion of the entire complex, the estimated value is projected to reach approximately 7 million N$. This investment offers significant potential for value appreciation and long-term income through the operation of the guesthouse and restaurant.
Ownership:
The property is owned by the current owner, with a title deed in place to ensure a smooth transfer process.
Embrace this rare opportunity to invest in a burgeoning tourism hub with immense growth potential. Contact us today to learn more about this promising venture.
