Article : Datiakwa Kojo Nyame Writes On The Kintampo Student Hostel Development Project

Asempa Dawuro

Sep 16, 2024 - 14:17

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Article : Datiakwa Kojo Nyame Writes On The Kintampo Student Hostel Development Project

Executive Summary

Join us in developing an 82 - bed, 4 - story hostel, strategically located near the expanding Kintampo College of Health, poised to become a full - fledged university.

This project offers a compelling opportunity for investment, with growing demand for student accommodation, promising excellent returns while contributing to the community's growth.

Project Overview

Location: Kintampo, Ghana Capacity: 82 beds at double occupancy Design: 4-story building, designed by AESL - Status: Developed up to column stage - Proximity: Walking distance to Kintampo College of Health (soon to be a university)

Market Analysis - Growing demand for student accommodation due to college expansion - Limited existing hostel capacity in the area - Target market: Students of Kintampo College of Health and future university students - Competition analysis: Limited direct competition in the area

- Market growth projection: Estimated 15% annual increase in student population Financial Projections - Revenue streams: Room rentals, amenities, and services - Projected occupancy rate: 100% - Average room rate: GHS 500 (approximately USD 80) per month - Projected annual revenue: GHS 540,000 (approximately USD 86,000)

Projected net profit: GHS 270,000 (approximately USD 43,000) per annum Investment Ask - GHS 1,500,000 (approximately USD 240,000) for completion and furnishing

- Breakdown: - Construction: GHS 1,000,000 - Furnishing and equipment: GHS 300,000 - Contingencies: GHS 200,000 Social Impact - Providing quality accommodation for students - Contributing to the growth and development of the Kintampo community

Risk Management Plan

- Potential risks: Construction delays, market fluctuations

- Mitigation strategies: Regular project monitoring, contingency planning

The Ghanaian government has announced plans to establish four new universities to enhance tertiary education, with Kintampo College of Health poised to become a full -fledged university (Source: GhanaWeb).

This development aligns with our project's strategic location and timing, further solidifying the demand for student accommodation in the area.

For further discussion and inquiries, please reach out to: - Datiakwa Kojo Nyame •Datiakwakojonyame1057@gmail.com - 0277608592

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