Land markets and its potential from backdrops of Mbarara city
The strategic location of Mbarara city appeals for development potential at all fronts either in the central business or away from the centre.
Away from the city central business centre, the city has major and strategically located outlets and these include Mbarara-Kabale-Kigali-DRC road, Mbarara-Isingiro-Tanzania-Rwanda, Mbarara-Masaka-Kampala city roads and Mbarara-Ibanda-Kamwenge-Fort Portal roads. All these lead to destinations of outstanding economic value including the border points.
The above partly explains why any investment along any of the major outlets/ roads out of Mbarara city remains of high economic value that any potential investor stands not to miss. Already the increasing value and the mad rush lands along these areas proves a statement to potential investors.
As it has always been our commitment to serve you better, Amity Realtor takes you through a brief on some of the land markets and the potential investments to put up in these areas.
On Mbarara city –Kampala road up to Biharwe an acre of land along the main road touching tarmac goes for between Shs 200-500 million while off the main road between 2-3 kilometres, an acre goes for between Shs 80-120 million.
From Biharwe to Kanyaryeru on the main road touching tarmac, an acre goes for Shs 100-Shs 300 million. Off the main road (2-3 kilometres) an acre goes for Shs100 –150million.
On Mbarara-Bushenyi road from Mile 4 to Kashaka on the main road touching tarmac an acre goes for Shs 200 -250millio, off the main road (2-3 kilometres an acre is Shs 40-60 million.
Then on Mbarara -Ibanda road from Mbarara city to Bwizibwera an acre goes for Shs 100-250 million, off the main road(between 2-3 kilometres)the same acre goes for Shs 30-40 million.
On Isingiro road starting at Mile 4 up to Kaberebere town an acre touching tarmac road goes for between Shs 150-300 million while the same care just 2-3 kilometres off the main road going for Shs 50-100 million.
On Kabale road, from Ruti to Rugando an acre touching the main tarmac road goes for between Shs 200-300 million while off the main road (2-3 kilometres) an acre goes for Shs 80-100 million.
Mbarara by-pass from Coca Cola plant to Ruti an acre on the main road (tarmac) goes for between Shs 300 million to Shs 500 million while off the main road(between 2-3 kilometres) the cost is between Shs 150-300 million.
The investment potential there in, include for lands touching the main tarmac roads, the potential investments include petrol stations, commercial houses, hotels and social service centres like schools and off the main road these may include residential houses.
On Mbarara Bypass investment opportunities may include Arcades and shopping malls, hotel and accommodation facilities, warehouses, apartments and also social service centres like schools and hospitals.