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Prime Unique Mixed-Use Portfolio, Lusaka, Zambia
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for sale
Private Tender
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Location
Located in the heart of Southern Africa, Zambia offers strategic access to several regional markets. The country shares borders with eight nations, positioning it as a gateway to over 300 million people within the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) regions.
Zambia is served by three international airports, providing direct connections to major global destinations. Kenneth Kaunda International Airport is the primary entry point, while Simon Mwansa Kapwepwe International Airport caters to the Copperbelt region’s mining industry. Harry Mwanga Nkumbula International Airport is ideal for tourists visiting Victoria Falls and nearby national parks.
Zambia is also home to world-famous natural attractions, including Victoria Falls, numerous national parks, and wildlife reserves, offering significant investment opportunities in hospitality, ecotourism, and adventure tourism.
Summary
Investors have a rare opportunity to acquire a prime real estate asset located in Lusaka, Zambia. Situated along the Great East Road and near Kenneth Kaunda International Airport, the property offers a strategic location ideal for agricultural use or for development into commercial, hospitality, or residential projects.
The property is a well-positioned estate with a range of existing facilities, including office space, warehouses, and residential plots. It presents an exceptional value-add opportunity, with underutilized assets and significant potential for further development.
The property’s established infrastructure and connectivity to major transport routes offer a distinct advantage, making it highly accessible for local and international investors. Multiple land parcels within the estate can be subdivided for development, catering to a variety of investment interests in Zambia’s expanding real estate market.
CBRE Excellerate has been exclusively appointed as the agent and advisor to manage the sale process, ensuring a seamless transaction. Interested investors are invited to submit expressions of interest to CBRE Excellerate by the 22nd of November 2024, to take advantage of this unique investment opportunity.
Situation
The property is situated on Farm No. 34A along Great East Road (T4) in Lusaka, Zambia. This prime location on the T4 highway provides a direct connection between the Eastern Province and the rest of the country, extending further to Malawi and northern Mozambique.
Positioned on this major transport route, the property offers excellent accessibility and visibility, with easy access to Lusaka and key regional destinations such as Chongwe. Recent rehabilitation efforts on the T4 have significantly improved road safety and reduced travel times, ensuring reliable access for both local and international traffic.
The site is surrounded by a diverse mix of businesses, including those in agriculture, insurance, education, and healthcare, adding to its strategic appeal.
Description
- Development Potential: The property offers substantial opportunities for residential development, driven by the recent surge in planned township projects in Lusaka, Zambia. These developments provide a variety of housing options, amenities, and infrastructure to meet the needs of the growing population, enhancing the urban living experience.
- Innovative Agricultural Facility: Designed to accommodate both small and large-scale commercial farming, the farm is a versatile and advanced site suitable for a range of agricultural activities.
- Prime Accessibility: Situated on the Great East Road (T4), the property enjoys excellent accessibility from various parts of the region, providing significant logistical advantages for businesses and residents.
- Diversified Investment Opportunity: With existing office, industrial, and hospitality components, the property offers multiple income streams, creating a well-rounded investment prospect.
- Strategic Surroundings: The site’s proximity to Airport Junction Mall, one of Lusaka’s major residential and commercial hubs, adds to its appeal as a prime location for development.
- Infrastructure Advantage: The area’s established infrastructure supports numerous development and expansion possibilities, benefiting from strong connections and available amenities.
- Close to Airport: Located just 16 kilometers from Kenneth Kaunda International Airport, the farm provides convenient access for both local and international visitors.
- Ample Land Area: Spanning 148 hectares, the property offers extensive space for agricultural activities and future development projects.
Investment Rational
Urbanization: Rapid urban growth is a major factor driving real estate demand in Zambia, especially in key cities such as Lusaka, Ndola, and Kitwe. The expanding urban population is fueling the need for more residential, commercial, and industrial properties.
Population Growth: The increasing population, along with a predominantly young demographic, is boosting demand for housing and infrastructure. Additionally, the rise of a middle class is contributing to the need for a diverse range of real estate options, from affordable housing to premium developments.
Economic Diversification: Efforts to broaden Zambia’s economic base beyond copper mining are opening opportunities in sectors like agriculture, manufacturing, and services, all of which require supporting real estate infrastructure.
Infrastructure Development: Government investments in infrastructure, including roads, airports, and power generation, are making real estate investments more appealing by enhancing connectivity and service delivery.
Foreign Direct Investment (FDI): Zambia’s ability to attract FDI, particularly in sectors such as mining, agriculture, and construction, is driving demand for quality office spaces, residential properties, and industrial facilities.
Policy Reforms: Reforms aimed at streamlining bureaucratic processes, strengthening property rights, and improving the business environment are creating a more favorable climate for real estate investment.”
Existing Property
The subject property site is 148.59 hectares with various permanent structures on site:
- Self-catering hospitality units
- Conference facility
- Staff accommodation
- Chapel
- Learning facilities
- Sports facilities
- Demonstration fields
- Offices
- Warehouses
- Workshops and agriculture facilities
Facility Breakdown
| No | Factor | Lusaka Property | Commentary |
| A | Land Size | 148,59 Ha (367,17 Acres) | Based On Title Deed |
| B | Developed Land | 3 Ha (7,4 Acres) | Based On Google Maps |
| C | Undeveloped Land | 68 Ha (168,03 Acres) | Based On Google Maps |
| D | Uncleared Land with Mature Tress | 75 Ha (185,33 Acres) | Based On Google Maps |
| E | 9 x Type 1 Staff Accommodation | 1 833,84 sqm | Based On Client Docs |
| F | 1 x Type 2 Staff Accommodation | 28,50 sqm | Based On Client Docs |
| G | 8 x Type 3 Staff Accommodation | 221,52 sqm | Based On Client Docs |
| H | 4 x Managers Accommodation | 1 089,15 sqm | Based On Client Docs |
| I | Main Office and Training Facility | 2 215,29 sqm | Based On Google Maps |
| J | Warehouse and Workshop | 4 177,95 sqm | Based On Google Maps |
| K | Chapel | 372,91 sqm | Based On Google Maps |
| L | Conference Facility | 554,91 sqm | Based On Google Maps |
| M | Warehouse Shed and Squash Court | 1597,70 sqm | Based On Client Docs |
| N | Guard House | 13,05 sqm | Based On Client Docs |
| O | Chicken House | 538,81 sqm | Based On Google Maps |
| P | 24 Student Units | 572,40 sqm | Based On Google Maps |
| Q | Kitchen Facility | 344,49 sqm | Based On Google Maps |
| R | 1 Bed, 1 Bath Self Catering Unit | 54,12 sqm | Based On Google Maps |
| S | 1 Bed, 1 Bath Self Catering Unit | 54,12 sqm | Based On Google Maps |
| T | 2 Bed, 1 Bath Self Catering Unit | 78,,37 sqm | Based On Google Maps |
| Total GLA | 13,669,76 sqm |
Ownership and Legal Information
Description | Details |
Title | S/D A of S/S 44 of Farm No. 34a, off Great East Road, Chalimbana, Lusaka |
Size | 148.59 hectares of approximately 367 acres |
Ownership | AGCO Zambia Limited |
Ownership Type | Land Lease |
Land Lease Term | 100 years from 1 July 1975. Expiry 1 July 2075 |
Land Lease Payment | TBD |
Zoning | TBD |
Current Use | Farming activities with a focus on training |
Leasing activities with offices partially let to 3rd parties | |
Warehousing, currently utilised by AGCO only | |
Hospitality and F&B facilities, currently utilised by AGCO only | |
Staff accommodation | |
Workshop and training facilities | |
Ancillary facilities such as a chapel and squash court |
VAT
The Seller has been registered for VAT (Value Added Tax). It is intended that the sale will be treated as a transfer of a going concern, provided that the purchaser is registered for VAT and the requirements for going concern are met in terms of the VAT Act, No. 89 of 1991.
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Sales Process
This property is being offered for sale through a Private Treaty process under a Sole Marketing Mandate with CBRE-X online.
Interested parties can register on the CBRE-X online platform to access the Non-Disclosure Agreement (NDA).
To obtain full access to the Due Diligence information in the ClicktoPurchase (CTP) data room, an executed NDA is required, along with details about the entity and key individuals expressing interest in the property. This information may be provided through a link to your company website, a company profile, or brief resumes for the company and key individuals involved.
To submit an offer on the property, proof of funds or a comfort letter from a financial institution, indicating a favorable consideration for financing, must be provided. Interested parties are encouraged to submit their best offer as soon as possible.
Only parties that have submitted an NDA and the required information will be invited to view the property in the presence of the Agent or a representative of the Seller.
The Seller reserves the right to accept any offer but will instruct the Agent to notify all interested parties (who have signed an NDA and accessed the Due Diligence information via CTP) if an offer is under consideration, within 5 business days of receipt.
The Agent will present all offers to the Seller and communicate acceptance to the successful bidder, while informing other parties of the outcome.
- Offers will be evaluated based on the following criteria:
The price offered. - Demonstrated ability to perform, including proof of funds or a comfort letter.
- The conditions attached to the offer and the timeline for concluding the transaction.
Disclaimer
The website provides information about properties but does not guarantee its accuracy. Users access the site at their own risk and should seek professional advice before making any decisions based on the information provided. Property descriptions are general and do not constitute an offer or contract. All details are believed to be correct but should be verified by users. The company and its employees do not make any representations or warranties regarding the properties. Prices quoted are exclusive of taxes. The information on the website may contain errors, omissions, or may change without notice. Users should conduct their own investigations before making any investment decisions. The information provided should not be considered financial or investment advice. Any information given by the company or the vendor is for illustration purposes only and does not constitute a representation, condition, or warranty. Users are responsible for conducting their own due diligence to verify the accuracy of the information provided.
Contacts
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CBRE Excellerate
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Disclaimer
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