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Prestigious serviced apartments for sale catering for international and local business visitors, on flexible terms from overnight stays to longer periods. The business commenced in 2008. The property has a variety of twenty six apartments and residents can choose between 1 and 2 bedroom apartments. There are three residential blocks plus reception/administration area and recreation facility with a swimming pool and gym. Each unit is self contained, fully furnished and with its own kitchen, bathroom and bedroom. There is a patio area outside the back of each apartment. Block one consists of six flats, each flat has two bedrooms. Block two consists of seven, one bedroom flats and two, two bedroom flats and block three consists of ten, one bedroom flats (one currently used as an office) plus one poolside room. The complex is nestled in a secure site with twenty four hour controlled access gate leading to concrete brick paved driveway and parking area with neat and well maintained lawns. Services include 3 phase ZESCO electricity supply, backup diesel generator and 3 phase SDMO 88Kva. Water is supplied by borehole and submersible pump with an additional supply from Lusaka Water and Sewerage Company. DSTV, internet and air conditioners are connected to all apartments. There is an excellent gym facility, super modern swimming pool and a luxurious Jacuzzi. Projected average annual net profit before tax over the next 6 years is ZMK9, 493,000,000. Anticipated investment yield is 22%.
The property is situated on Leopards Hill Road approximately 2 minutes from Crossroads Shopping centre and approximately 10 kilometres east of the Central Business District.