$1,000,000 / ₿17.171
The plot is situated between two operating hotels in what is an established tourist area and the prime site is, therefore, ideal for taking full advantage of this. Another hotel between the existing two and having its own particular theme, perhaps of a boutique nature, is expected to be highly successful.
The site area of 22,000 square meters, or 2.2 hectares (5.436 acres), will accommodate a hotel of more than a hundred bedrooms, together with all the appropriate facilities. The adjacent road will provide instant access to the plot and has an existing power supply.
This is an extremely safe area, probably as safe as any in all of Zanzibar, being just outside a highly regarded village, where there are a Police Station, Hospital, Primary School and Secondary School.
Situated on the south east coast of Zanzibar Island, the plot occupies an enviable position fronting the beach and sea. Property prices along the Zanzibar beach front have increased considerably and are continuing to increase. The property market has quickly recovered from the worldwide effects of Covid-19 and is remarkably buoyant.
As an alternative to buying the whole plot outright, the owners will consider various other options. One is to rent the plot on a long lease at a starting rent of $120,000 a year. The plot can also be divided, giving the options of buying or renting just half the entire plot on terms to be agreed. In addition, the owners may consider the provision of finance facilities, subject to the financial status of the prospective new owner or lessee.
These details are provided and intended as a general guide only and do not form a contract or any part of a contract. Intending buyers must make their own investigations and are advised to take appropriate independent legal advice. The final sale price may vary due to currency exchange fluctuations.