1 bedroom Apartment block for sale in Muyenga Kampala Uganda, code: 215695
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Ugx 1,200,000,000/=
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Apartment block
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Presenting a once-in-a-lifetime opportunity to own a prime investment property, this 6 double rental unit apartment in Bunga Gaba Road is a real gem. With a whopping monthly income of 10.5m, this private mailo land title property is a lucrative investment that guarantees a steady flow of profits. The apartment is strategically located in Muyenga on Tankhill road, within the bustling district of Kampala, making it easily accessible to potential tenants.
The apartment block boasts 1 bedroom and 1 bathroom per unit, making it ideal for young professionals, students or small families. The property sits on a spacious 12-decimal plot, providing ample space for parking, a playground, and a tiled roof. The well-maintained compound is paved, ensuring a neat and organized look.
Inside, each unit comes equipped with a balcony, perfect for enjoying a cup of coffee while taking in the scenic views of the neighborhood. The built-in wardrobes provide ample storage space for tenants, ensuring a clutter-free living environment. Additionally, the property features a septic tank and a water tank, ensuring a constant supply of water for all units.
The property also includes a servants' quarters, providing an added convenience for tenants. The wall fence surrounding the property guarantees privacy and security for all occupants. And with a private mailo land title on the table, the transfer of ownership will be a smooth and hassle-free process.
This apartment block presents an excellent investment opportunity for those looking to add to their portfolio or for first-time investors. Priced at 1.2b ugx (slightly negotiable), this property is a steal considering the potential for high returns. Don't miss out on this opportunity to own a profitable and well-maintained apartment block in the heart of Kampala. Schedule a viewing today and see for yourself the endless possibilities this property has to offer.
#oneBedroomListings #MuyengaListings #Muyenga #ApartmentblockForSale #twelveDecimals #KampalaDistrictListings #Kampala #oneBathroomListings #Tankhillroad #Apartmentblock #Rise @followers
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🏚️Balcony
🚪Built in wardrobes
🚘Lots of parking
💠Paved compound
🏘️Playground
🕳️Septic tank
🏘️Servants quarters
🏞️Specious compound
🏫Tiled roof
🚧Wall fence
🚰Water tank
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100+ RELATED PROPERTIES
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TOP LOCATIONS FOR PROPERTY INVESTMENT IN UGANDA BASED ON PROPERTY CATEGORY.
Uganda is an East African country with a growing economy and a vibrant real estate industry. Investing in property in Uganda can be a wise decision, but it is important to choose the right location based on the type of property you are interested in. In this blog, we will explore the top locations for property investment in Uganda based on property category.
Residential Property:
Kampala: Kampala is the capital city of Uganda and has a high demand for residential property due to its growing population and economy. Popular areas for residential property investment in Kampala include Nakasero, Kololo, and Naguru.
Entebbe: Entebbe is a quiet town located on the shores of Lake Victoria, just a short drive from Kampala. It is popular among expatriates and middle-class Ugandans who are looking for a serene environment. Residential property investment opportunities in Entebbe include villas, bungalows, and apartments.
Jinja: Jinja is located on the banks of the Nile Ri
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THE MINIMUM SIZE OF LAND REQUIRED FOR A LAND TITLE IN UGANDA.
Obtaining a land title is a crucial step in establishing ownership, but there are regulations that dictate the minimum size of land eligible for titling. The Ministry of Lands, Housing, and Urban Development has a policy that limits the issuance of land titles for plots smaller than 12.5 decimals (approximately 0.125 acres or 0.051 hectares) or smaller than 50x100 feet (approximately 0.046 hectares) in size. Key Objectives of the Policy.
1. Encouraging Land Consolidation: By limiting titles for smaller plots, the policy aims to encourage the consolidation of small plots into more economically viable landholdings. This promotes better land utilization and encourages larger, more productive estates. 2. Simplifying Land Administration: Managing small, fragmented plots can be administratively complex and costly. By setting a minimum size requirement, the government reduces the complexities involved in land management.3. Promoting Efficient Land Use: Larger consolidated
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WHAT IF THE SECURITY DEPOSIT IS NOT ENOUGH TO COVER COSTS AND DAMAGES TO THE PROPERTY.
Renting a property can be a convenient and flexible housing solution for many individuals and families. As a tenant, paying a security deposit is a common practice to provide landlords with a sense of security against potential damages or unpaid bills. While most tenancies end smoothly, there are instances where the security deposit might not be enough to cover the costs or damages to the property. In this blog, we will explore the potential challenges faced by both landlords and tenants in such situations and discuss possible solutions.
Understanding the Security Deposit
Before delving into the complexities of insufficient security deposits, let's understand what a security deposit entails. A security deposit is a sum of money paid by the tenant to the landlord before moving into a rental property. Its primary purpose is to protect the landlord in case of any damages caused by the tenant or to cover unpaid rent or utilities. In an ideal scenario, the deposit is refunded to the ten
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I LOST A LAND TITLE BEFORE TRANSFERRING IT, WHAT SHOULD I DO?
Losing a land title is stressful enough, but if you lost it before completing the transfer, then "yours are bad." Why? Because that land title does not yet belong to you, it still legally belongs to the person whose name is on it. That means you cannot apply for a replacement yourself. Instead, you'll need to go back to the original owner and work with them to process a replacement.
But before you panic, let's go through the steps to resolve this situation, determine the status of the lost title, and take the necessary legal actions to recover it.
Step 1: Check the Status of the Title.
If you had already begun the transfer process, then before assuming the worst, first confirm whether the title had actually been transferred into your name. If you had already paid the transfer fees but had not yet taken possession of the title, conduct an online title search through the Ministry of Lands, Housing & Urban Development portal or visit the land registry office to check its status.
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IS IT SAFE TO BUY AGREEMENT LAND IN UGANDA?
Buying land in Uganda is a big decision, and for many, agreement land, often called Kibanja in the Buganda region, seems like an easier and more affordable option. But is it really safe? The short answer is "yes", and the long answer is "it all depends". While agreement land can be owned in perpetuity, there are a few important things to consider before making that purchase.
Let's break it down so you can make an informed decision.
What is Agreement Land?
Agreement land, or Kibanja in Buganda, refers to land that is owned based on an agreement between the buyer and seller, often witnessed by local authorities, family members, or brokers. Unlike titled land, it is not formally registered in the national land system, which means ownership relies on documented agreements rather than an official land title.
That said, Kibanja land isn't necessarily insecure, you just have to navigate it the right way.
The Risks of Buying Agreement Land
While it may be tempting to go for agreement l
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PROPERTY MANAGEMENT LINGO, A COMPREHENSIVE GUIDE.
The world of property management is filled with a multitude of terms and concepts that are essential to understand for anyone involved in managing properties. From legal and financial aspects to property types and regulations, familiarity with these terms is crucial for navigating the real estate industry.
This comprehensive glossary provides definitions for a wide range of terms, including abandonment, accumulated depreciation, amenities, eviction, lease, property management, tenant screening, and many more. Whether you are a homeowner, investor, landlord, tenant, or aspiring real estate professional, this glossary will serve as a valuable resource to enhance your understanding of the intricacies of property management.
Abandonment: The surrender or relinquishment of a real estate property, including a piece of land or a housing unit.
Accumulated Depreciation: The asset’s depreciation from the acquisition phase to the latest depreciation results in dollar amount.
ADA
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WHICH IS BEST REAL ESTATE APP IN UGANDA?
The best app for real estate investors in Uganda is the Real Estate Database (RED) App, and here are several reasons why:
It has the most advanced property search engine mechnisim.
It has the largest number of verified agents and developers.
Based on the point above, it has the largest number of property listings.
You are able to receive notifications of the latest uploads as soon as they are uploaded or as soon as they hit the market.
It has a variety of property categories.
WhatsApp has been integrated for easy and direct communication between agents and buyers.
If you want Bungalows, Apartments, Mansions, Shell houses, Villas Studios, Duplex houses, Residential plots, Agricultural plots, Industrial plots, Warehouses, Office Space, Shops, Schools, Farms, Guest houses, Resorts , Storyed houses or Factories, you will find most of such property details on the RED App. It has a variety of properties from several agents and developers.
Plugging in your specifications often yie
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A COMPREHENSIVE GUIDE TO REAL ESTATE TAXES IN UGANDA.
Real estate investment in Uganda can be a profitable venture, but it is essential to understand the various taxes that come with it. Taxes such as property rates, withholding tax, and stamp duty can significantly impact an investor's financial bottom line. Here's a comprehensive guide to real estate taxes in Uganda that every property owner or investor should know:Withholding Tax.
In Uganda, withholding tax on rental income is applied to individuals and companies earning income from renting out properties. This tax is deducted at the source by the tenant when making rental payments to the landlord and is then remitted to the Uganda Revenue Authority (URA). The law specifies the parties responsible for withholding the tax (tenants) and those from whom the tax is withheld (landlords), depending on the nature and circumstances of the transaction.Tenants are legally obligated to remit the withheld tax (or the amount that should have been withheld) to URA within 15 days after the end of
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REGULATION OF REAL ESTATE PRACTICE IN UGANDA: WHAT DOES THE LAW SAY?.
The regulation of real estate practice in Uganda is currently in a transitional phase, with several key stakeholders and associations working towards establishing a more organized and professional framework for the industry. The effort is driven by the need to enhance professionalism, protect practitioners, and provide better services to clients. This blog therfore provides an overview of the vibrant discussions among key real estate practitioners on various platforms regarding this topic. Key Stakeholders.1. Surveyors Registration Board (SRB): The SRB is currently at the forefront of these registration efforts. The board is responsible for registering land agents, who are currently classified under surveyors according to the Surveyors Registration Act (SRA).2. Association of Real Estate Agents Uganda (AREA Uganda): AREA Uganda is a professional association that advocates for the interests of real estate agents. It has been instrumental in pushing for regulatory changes and has collabo
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ENTER YOUR DETAILS BELOW AND YUSUF WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 215695
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INSTALLMENT PAYMENT INQUIRY FORM
Please fill out the inquiry form below with all required details. You will receive a response from Goldmine Finance within 48 hours, advising you on installment payment options for your preferred property based on the information provided.
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