2 bedroom Apartment block for sale in Namugongo Wakiso Uganda, code: 236465
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Apartment block
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🔥 HOT DEAL - APARTMENT BLOCK IN NAMUGONGO, WAKISO (NEAR CATHOLIC SHRINE) 🔥
Experience the ultimate convenience and luxury living in this stunning 2-bedroom, 2-bathroom apartment block, located in the bustling neighborhood of Namugongo. With 5 units in total, this fully occupied property boasts a prime location and fantastic income potential.
🏢 5 UNITS | FULLY OCCUPIED
This modern apartment block offers a variety of units, including 2 self-contained 2-bedroom units and 2 double room self-contained units, all currently renting at 850k and 700k respectively. In addition, there is a spacious 3-bedroom duplex rental unit, currently renting at 1M.
💰 MONTHLY INCOME: 4.1M UGX | ASKING PRICE: 420M UGX
With a monthly income of 4.1M UGX and an asking price of only 420M UGX, this property is a lucrative investment opportunity that promises high returns.
📐 PLOT: 12 DECIMALS | LAND TENURE: PRIVATE MAILO
Situated on a 12-decimal plot of private mailo land, this property offers plenty of space for future development and expansion.
🔑 UNITS and RENTS:
2 × 2BR Self-Contained @ 850k → 1.7M
2 × Double Room Self-Contained @ 700k → 1.4M
1 × 3BR Duplex @ 1M → 1M
🏘️ AMENITIES:
This property has everything your tenants could ever need, including a balcony for enjoying the beautiful views, built-in wardrobes for storage, ample parking space, a paved compound, round-the-clock security guards, a spacious compound, a tiled roof, and a walk-in closet. The wall fence also ensures privacy and security for your tenants.
Don't miss out on this amazing investment opportunity. Contact us today to schedule a viewing and make this property yours!
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🏚️Balcony
🚪Built in wardrobes
🚘Lots of parking
💠Paved compound
👮Security guards
🏞️Specious compound
🏫Tiled roof
🚪Walk in closet
🚧Wall fence
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46 RELATED PROPERTIES
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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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HOW DO REAL ESTATE AGENTS IN UGANDA SHARE COMMISSION?
Are you curious about how real estate agents in Uganda share commission? It's a topic that's often shrouded in mystery and can lead to heated disputes between agents and parties involved in a transaction. But fear not, we've got the inside scoop on the common practices for sharing commissions in Uganda.
We will provide an in-depth analysis of the various methods of commission sharing in real estate, including equal splits and negotiated deals. By understanding these approaches, you will be well-equipped to navigate the market with confidence. It's important to note that commission sharing typically involves two groups of agents in each transaction: the buyers' agents and the sellers' agents. With this knowledge, you can prepare for an informative journey through the fascinating landscape of commission sharing in Uganda.
In Uganda, it is not uncommon for real estate agents to refer property buyers to one another and anticipate sharing the commission, particularly if they
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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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ENTER YOUR DETAILS BELOW AND BONNY WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 236465
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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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