Apartment Block for Sale in Nakasero Kampala | 24 Units Investment Property

A rare opportunity to acquire a fully developed apartment block for sale in Nakasero, Kampala’s most secure and high-demand residential and diplomatic district.

This property is purpose-built for expatriate, diplomatic, and corporate tenants, offering a stable, income-generating asset in one of Uganda’s strongest rental markets.

The development consists of 24 fully furnished 3-bedroom apartments and 2 penthouses, all designed for modern urban living with access to premium shared amenities.

Property Details

24 × 3 Bedroom Apartments (Fully Furnished)

2 × Penthouses

Spacious layouts with balconies

Modern kitchens and quality finishes

Staff quarters included in units

Amenities & Facilities

Swimming Pool

Fully Equipped Gym

Steam & Sauna

Ample Parking Space

24/7 Security

Standby Generator

Well-Maintained Common Areas

Location Advantage – Nakasero

Located in the heart of Kampala, Nakasero is the city’s most sought-after address for high-end residential living.

Close to embassies and diplomatic missions

Near international organizations and NGOs

Easy access to business district and banking hubs

Proximity to top restaurants, hotels, and shopping centers

Investment Highlights

Proven demand from expatriates and corporate tenants

Strong rental positioning in a premium location

Fully furnished units reduce vacancy turnaround time

Suitable for long-term leasing or serviced apartment conversion

High potential for capital appreciation

Income Potential

Estimated Rental Income: ~$3,200/month per unit

Projected Gross Annual Income: ~$921,600+ (excluding penthouses)

Detailed financials, occupancy data, and operating costs available upon request.

Pricing

Asking Price: $12,000,000

Ideal Buyer Profile

Real estate investors seeking stable yield

Diaspora investment groups

Institutional buyers and property funds

Corporate or hospitality operators

Serious inquiries only.

Request:

Full Investment Memorandum

Rental Performance Data

Private Viewing Appointment