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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.
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.
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.
