Spacious Boarding House with Development Potential

This spacious boarding house is conveniently located just behind Apex Off Augustine Lungu road, only a 7-10 minute drive from Apex. The property features a 3-bedroom master ensuite house that has been modified and used as a boarding house, with an additional 3 rooms, 2 showers, a kitchen, and a toilet outside. The boarding house has a capacity for 20 students, who currently pay up to K850 per bed space per month.
The property sits on a corner plot with gravel road frontage and has a total land size of 1200 sqm (40x30 on title). This provides ample empty land on which more flats can easily be built to further increase the rental income. The neighborhood already has shops and there is potential to establish additional ones, such as an internet cafe or supermarket.
In addition to its development potential, the area is experiencing growth with a new hospital being constructed nearby. This is expected to drive up the demand for 1-bedroom flats and bed spaces. Furthermore, Apex University is planning an extension of its campus along Augustine Lungu Road, which will further enhance the property's potential.
This property is available for an urgent sale and is priced at K1,950,000 only. Don't miss out on this great investment opportunity!