Property Details

Prime Investment Opportunity in Katima Mulilo on the Zambezi River

Discover an exceptional investment opportunity located directly on the serene banks of the Zambezi River in Katima Mulilo, a picturesque town nestled in northeastern Namibia. This prime property lies within the heart of KAZA Park, one of the world's largest transboundary conservation areas, providing a tranquil yet accessible setting perfect for tourism. Conveniently situated close to the town center, this property offers easy access for visitors while maintaining a peaceful, natural atmosphere enhanced by its lush tree coverage.

Katima Mulilo is the central hub for tourism in the Zambezi Region (formerly known as Caprivi) and its neighboring countries. Despite its strategic importance, the town currently lacks sufficient dining and accommodation options for tourists, particularly those in transit. This property presents a unique opportunity to bridge that gap, especially catering to international tourists, including a significant number of German visitors.

Property Description:

This expansive 1,858 m2 property is undergoing development into a new facility designed for backpacker accommodation. The current owners are focusing on a target group that is less affected by tourism fluctuations, such as those experienced during the COVID-19 pandemic. They aim to attract young, budget-conscious travelers, students from the nearby university, NGO staff, volunteers, and employees working on regional development projects.

A backpacker facility offers operational simplicity with reduced overhead compared to a traditional Bed & Breakfast. Guests will have access to a fully equipped kitchen, eliminating the need for meal services. The market for affordable backpacker accommodation is largely underserved in this area; while there are many guesthouses and Bed & Breakfast establishments in Katima Mulilo, none specifically cater to backpackers, students, and long-term budget travelers.

The property is currently under construction with significant progress already made:

- 7 Guest Bungalows: These bungalows are designed to offer comfortable and authentic accommodations. They are largely complete with walls and roofs constructed, needing only interior finishing.

- Bar: The bar is in the shell construction phase and is envisioned as a cozy gathering spot for guests.

- Restaurant: Designed to accommodate approximately 100 guests, the restaurant is underway and promises to be a central feature of the property.

- Owner/Manager’s Residence: The on-site residence will ensure smooth operations. It includes a completed kitchen, bathroom, toilet, and one bedroom, with a second room in the shell construction phase. Additionally, there is a fully operational workshop, tool room, and laundry area.

Site Plan:

The site plan highlights a thoughtful layout of bungalows, bar, manager’s residence, and other facilities. The arrangement harmoniously integrates with the natural surroundings, maximizing comfort and creating a relaxing atmosphere for future guests.

Investment Opportunity:

This project is available for immediate takeover at a price of 3.7 million N$. Upon completion of the entire complex, the estimated value could reach approximately 7 million N$, offering significant potential for value appreciation and long-term income.

Ownership:

The property is owned by the current owner with a title deed in place to ensure a smooth transfer process.

Embrace this rare opportunity to invest in a burgeoning tourism hub with immense growth potential. Contact us today to learn more about this promising venture.