IS THIS THE TIME TO INVEST IN COMMERCIAL AND INDUSTRIAL REAL ESTATE IN ZIMBABWE?
is this the time to invest in commercial and industrial real estate in Zimbabwe?
mutsa chikede
For the past 20 years, there was a dilapidation process for most of the commercial and industrial buildings due to the economic spin down. Currently, Zimbabwe is short of good industrial and commercial properties that suit international standards. This has presented a good opportunity for investors to come up with the top of the range of commercial and industrial buildings. There are many ways to invest. But the most proven way of obtaining high returns has been through commercial and industrial real estate. This is not just a recent phenomenon, it dates back to all emerging economies recorded in economic history.
GOOD INCOME IS COMING TO ZIMBABWE REAL ESTATE.
Zimbabwe has been through a serious recession and economic meltdown, but it’s over and the country is battling to place back economic fundamentals back into place which will take time. But this is the time for investors to be positioned because the country has never anticipated future currency stability than now, one of the hallmarks of commercial and industrial real estate is that they are income producing. Unlike most stocks, which pay no dividends, commercial real estate is defined by its ability to pay out regular cash distributions. This is an extremely important trait, as it allows the investor the ability to have greater patience through recessions since they don’t rely on the sale of the asset for income, as well as give greater security in covering problems that may come up along the way. With most stocks, the only way to realize any income is to sell the stock. With commercial real estate, income is achieved from the cash-flow of the property, regardless of a sale. In addition, commercial real estate has traditionally had the highest returns of any form of investment.
HARARE CBD HAS POTENTIAL FOR GOOD CAPITAL APPRECIATION
The Harare CBD is just coming out from the invasion by vendors, authorities have cleaned the city and restoring sanity to the CBD. Buildings need a lot of renovation so they are cheap to invest in. This is good for investors because the ability to create massive wealth through capital appreciation is an even bigger part of commercial real estate than cash flow. In general, real estate is a unique and scarce asset class. Moreover, in most Zimbabwean towns and cities land can’t simply be created in the middle of a major city anymore, this scarcity is going to increase demand. If demand increases for the property, or in the area right around the property, there’s a good chance that tenants will be willing to pay higher rent, and prospective buyers will be willing to pay a higher price than you paid originally to take it off your hands.
CONSIDER INVESTING IN OFFICE BUILDINGS
There is a high demand of office space in Harare, especially in areas such as Eastlea, Belvedere, Belgravia and the Avenues areas. In the CBD most people who need offices are discouraged by broken and malfunctioning building lifts. If you install reliable lifts you will put your building at an advantage. Other high return office space consumption is investing in medical centres, crèche facilities, law firm office facilities and NGO office space, you will get good rentals and long lease.
RETAIL SPACE IS IN DEMAND
The type of retail business in Harare has changed, now it’s mostly dominated by traders who buy their wares in Dubai or China and the type of space which they want is now different. They want small but neat shops. In Harare shopping complexes are in bad shape due to lack of maintenance, any neat new mall can hit the market. There are many buildings that can be converted into a shopping mall, all the 15 floors, making a good investment. Investing in retail space is similar to investing in office space in terms of the way you can make money. One important thing to consider when investing in retail space is location. If you’re investing in a fashion mall with a dozen units, for example, it’s best to make sure the area has a steady stream of traffic. Otherwise, you could have units without tenants, which can drag down your profit margin.
THERE ARE NO STORAGE UNITS IN ZIMBABWE.
Storage units don’t exactly sound glamorous but there’s definitely money to be made with this kind of real estate investment. You don’t have to invest in a large market either. Even small towns can have multiple storage facilities. Again, the key to predicting profitability is location in addition to the local competition.
DEMAND FOR INDUSTRIAL PROPERTY IS HIGH
Harare `s major industrial areas are full, there is no production but business is paying rent and holding on to space. Even the space available is not compatible with current technological standards of production and there is a need for renovations to be done. In high demand are warehouses, manufacturing facilities, garages, work bays, industrial research facilities and the like.
If you need help in investing in industrial and commercial real estate in Zimbabwe call mutsa 00263718205562, 0773926454, 0773983637
COMMERCIAL AND INDUSTRIAL PROPERTIES FOR SALE
HARARE CBD;
COMMERCIAL BUILDING FOR SALE
A MULTI-STOREY and multi-tenanted commercial building with offices and retail space on the ground floor. Sitting on 595m2 with retail frontage into two main streets. The building has permitted uses of shops, offices, surgeries and medical chambers. The total lettable area is 1 915,75m2 with all main service connected to the building. Currently, the building has a total occupancy of 100%. The net income for the property now stands at $230 000 per year.
3-COMMERCIAL STANDS FOR SALE,
Totaling 10 430sqm at MBUDZI ROUNDABOUT, along SIMON MAZORODZE HIGHWAY, WATERFALLS (entrance facing Simon Mazorodze Highway) with DEEDS:
Size
2800m2
3800m2
3800m2
TOTAL joint PRICE for all = $400 000, 00
SPITZKOP ; WEDDING AND FUNCTION VENUE – marvelous wedding and functions venue , thatched , main house with 4 beds plus ensuite , upstairs gym , bar, swimming pool, booking rooms , tennis court , floodlights , 3 water tanks , 2 boreholes , staff quarters , 1 big hall that need floors and painting , the property is on 5,7h , deeds. Price $1 300 000.
CBD; MAITLANDS BUILDING; 3 storey building, supermarket, M. Floor saloon, located in a busy section of the town. Suitable for Head office, shopping mall, school/college., ground floor 559,4m2, the canopy on 115,4m2, lean to storeroom 56,1m2, the mezzanine floor on 118,9m2, 1st floor on 559m2, 2nd floor on 559,6m2, title deed. Price $1 350 000.
HARARE CBD; COMMERCIAL BUILDING FOR SALE; located in the CBD of Harare along Jason Moyo near 4th street is a 7 storey building .currently the building is 80% tenant occupied. .The building is ideal for offices or renovates to a shopping mall. ..Elevators are working and there is a good supply of electricity, water and security
WESTLEA, CRECHE STAND FOR SALE, a commercial stand for sale in the middle of westlea, measuring 2 100m2 behind Zvinavashe school, and the stand has crèche rights. There is a great potential for a good crèche, no special foundation, council cession, land use can be changed, $45k
NYANGA PLOT FOR SALE: $200 000 - Its located 7km from the main road (Nyanga highway) and between London stores and Mutare turn off towards Mont Claire hotel. The plot is 8,6h of which 3h is arable with 3 bed nicely done thatched house,3 roomed staff quarter, a conference centre that can accommodate about 20-25 people. 5 dams on the plot and water flow is perennial. The water flows from the mountain and the dams are shared with other plot holders. The plot has its own transformer. Close to Bonda hospital, St Davis Bonda Girls high, Knowstics academy an elite private school and Montclair hotel.
SEKE ROAD FARM FOR SALE: $3 500 000 - Along Seke Rd is this good farm measuring 78h all fenced. Several structures accommodating farm workers and agricultural activities needs attention. The farm is good for agricultural purposes, horticulture, animal husbandry, or residential plots of a minimum of 5000m2. Part of the farm falls into the red, grey and orange zone of the airport and Aviation authority categorization. Certificate of no present interest available, applications and site plans for housing scheme to the civil aviation authority available, the initial response from civil aviation authority available, you can inspect these documents including the deed at our offices. There is a big dam nearby, and some peril streams of water. Zesa is available on the farm. Soils are good Sandy soils which adapt well to fertilizers and PH values can be easily ascertained. Good for projects that want to take advantage of the Harare and Chitungwiza market.
GREENDALE - CLUSTER DEVELOPMENT ON SALE
An internationally designed cluster development is on sale. The project was initially designed as a cluster house community with the central administration service block that provides the administration service for the residents. The first phase of 10 cluster houses has reached roof level. The entire 10 roofs will be completed in two months’ time. Each cluster has a single lock up garage, sitting room, dining room, kitchen, pantry, domestic worker suite, the whole project is on sale for $1 500 000.
CENTINARY SUPERMARKET & BUTCHERY FOR SALE: $160000 – Supermarket and butchery on 650sqm with Zesa and water. It’s located in a very busy business centre and comes with clean title deeds.
ZVIMBA RURAL DISTRICT COUNCIL JOKWANI SHOPS FOR SALE: A property with 2 shops, including a bar, grocery shop, bottle store, butchery and 4 living rooms at the back of another shop, 2 roomed cottage, fowl run for hundred chickens that need a roof, backyard open space measuring 1,2h. Zesa is connected, the clinic is 200m away from the property. The property has a cession right with Zvimba District Council. From Chegutu its about 54km and 10km from Murombedzi Growth Point. This property is ideal for parents to establish their rural home at a business centre near good facilities, it can also be a rural home for Diasporas. The property has an added advantage of rental property which can bring income while enjoying a rural home setting. This property is at a business centre so there are no fears of chief controls or headman, you pay rates to Zvimba Rural Council.
KADOMA
40H PLOT FOR SALE
The location is rare, 10km from Kadoma town and 2 km from Ingezi is a 42h plot, red soils, plenty of underground water. Water can also be drawn from Muzvezve River, the area has a great potential choice for market gardening, school, housing development, seller want to remain with 1 h of land after the sale. Mostly virgin land, subdivision permit and ready for title deeds. $1.3m negotiable
SUPERMARKET STAND At SOUTHLANDS Shopping Centre,
(Irvines 2nd gate along Waterfalls- Chitungwiza Highway):
Size 5000m2
PRICE $150 000,00
TYNWALD LAND FOR SCHOOL FOR SALE: $10/sqm ($600000) – Along Kirkman Road is a stand measuring 60000sqm (6Hectares) approved by council for a school. All survey diagrams, council approved diagrams are there for inspection. Space is enough even to build boarding facilities or both primary and secondary schools.
KUWADZANA COMMERCIAL BUILDING FOR SALE: $120000 – great price, this solid double storey complex with the ground floor being used as a surgery and bottle store and the 1st floor being used as a nightclub. There is a good rental return.
INDUSTRIAL STAND Along CHITUNGWIZA-IRVINES HIGHWAY,
ROCKVIEW, ZENGEZA, CHITUNGWIZA:
Size 5000m2
PRICE $120 000,00
CHITUNGWIZA ALONG CHITUNGWIZA RD
A commercial stand facing CHITUNGWIZA rd, highway opportunity, measuring 6 000m2, ideal for trucks, shopping mall, hospital, school and other business activities. Easily accessible with public transport $45k .
SIMON MAZORODZE COMMERCIAL STAND FOR SALE: $30000 – ready to build stand next to the service station, Located just after tollgate is this 1779sqm. Very ideal for a road food outlet, shopping centre, or any commercial business. Zesa very close by. Cession.
CHITUNGWIZA LAND FOR SERVICE STATION FOR SALE: $90 000 – Service station stand measuring 4000sqm near town centre, ready to build, busy traffic area
ZENGEZA 5 SPORTS BAR FOR SALE
Sports bar, general dealer and bar for sale $60k cash USD or transfer equivalent. Cession.
MT PLEASANT HEIGHT
DEVELOPMENT LAND FOR SALE
There exist 6 hectares of land in Mt Pleasant heights. Title deeds, suitable for residential stands, shopping mall, office block, school or functions venue. $2.4 million negotiable
INDUSTRIAL PROPERTIES
KADOMA, GARAGE FOR SALE
Measuring 4 332m2, water connected. zesa connected, there is a 7 roomed house which was used as an office block, two-roomed cottage, a fowl run for 1000 chickens, there is a toilet block of 7 toilets used by workers and passengers, A steel framed garage with working space of 230m2, a pit 10m long, workshop offices and tools room amounting to 4, toilets. Zesa 3 phase no credit on zesa. The garage has a 25-grade slab, cladded with asbestos on one side and brick building on the office side, open on both ends. Very good investment.
$100k
MSASA INDUSTRIAL COMPLEX FOR SALE: $380000 – Industrial complex with big reception area, several offices, 2 big warehouses and ablution facilities, walled and gated and not far away from Mutare Road. It has title deeds and bond is accepted. 3500sqm
CHEGUTU
INDUSTRIAL STAND FOR SALE
Located along Chakari rd, behind Gmb and Cargill is a flat industrial land measuring 3.4 acres, good roads, fully serviced, Zesa , title deeds, ready to develop stand, $130k USD transfer accepted.
WORKINGTON , INDUSTRIAL COMPLEX FOR SALE; Industrial property prime position, approximately 4500m2, factory and office space including 5 self-contained bays each of 250m2 covered factory and individual offices and facilities all on 600m2.The whole stand is 5994m2.title deeds ,bond accepted .current monthly rental is $30 000 excluding taxes. Terezim Fortress Properties bring to the market this superbly located office and industrial space in the middle of Workington, easily accessible even at peak times and with an abundance of public transport and local facilities. $3m
TYNWALD WORKSHOP FOR SALE; 3 store rooms, 2 toilets with separate bathrooms, 3 offices with separate bath and toilet, main workshop on 250m2, cash office, walled and gated. Land size 750m2, with title deeds. Price $115 000..
MASASA INDUSTRIAL
An industrial property with several offices, ablution under construction with a land size measuring 6000m2. Fully developed and serviced area, council cession, plenty of space to construct a new building. The property is bordering the river at the other end. Strategically located and plenty of investment value.
RUSAPE ALLOA BROOKE STANDS FOR SALE
Just before Crocodile Hotel from Harare arises an opportunity to build a modern state of the art residence, spreading from the Reshape river towards the toll gate is ideal show space to display your beautifully build a home to highway passerby leaving a lasting impression of the architectural taste of the people of manicaland
The smallest stand is 900m2 and the biggest stand is 2500m2 all currently at $15 per m2, 30% deposit, balance over 3 years at 12% per annum interest on the balance.
After servicing prices and deposit will be reviewed upwards from current off plan selling prices.
