Residential Real Estate Investment

Meyrick Park, Harare West, Harare

$2,100,000

Meyrick Park, Harare West, Harare

36 Bedrooms

24 Bathrooms

1,500 m²

5,500 Acres (~22,257,730 m²)

Description

For sale is a comprehensive residential development in Meyrick Park comprising of a total of 18 meticulously designed garden flats, strategically located in a prime suburban area close to the CBD. Structured across 6 distinct residential blocks with-
1. 6x Three-Bedroom Units
o Main en-suite facilities
o Shared bathroom
o Separate toilet
o Open-plan living and dining spaces
o Modern fitted kitchen
2. 6x Two-Bedroom Units
o Single comprehensive bathroom
o Separate toilet
o Open plan living and dining areas
o Modern fitted kitchen design
3. 6x One-Bedroom Units
o Comprehensive bathroom
o Open-plan living configuration
o Fitted kitchen functionality

Each unit has an individual well-maintained garden space
Community infrastructure includes:
o Dedicated borehole
o 4x 5000L water storage tanks
o Paved vehicular access routes
o Automated electric entry gate
o On-site caretaker accommodation
o Professional security service (18:00-06:00 hours)

This is an opportunity for investment in a suburb close to the CBD, with strong rental demand and very low vacancy rates making this development an exceptional real estate investment.

Annual rental income gives a gross ROI of 7% per year. This is a competitive ROI especially given that rents are in USD and the market is stable.
The development is well built, maintenance costs are low, and this preserves the net ROI.
Property values continue to rise due to infrastructure and demand growth and therefore total return will increase over time.

Financial Performance:
• Monthly Rental Income: USD$11,700
• Gross Return on Investment: 7% Annually
• Stable USD-denominated rental agreements
• Consistently high occupancy rates

Investment Advantages:
• Competitive financial returns
• Currency-stable rental income
• Sustained property value appreciation
• Minimal maintenance expenditure
• Strategic location with robust rental demand
This represents an extraordinary opportunity for discerning investors seeking a reliable, high-performing real estate asset with substantial long-term potential.