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32 - Unit Apartment Complex in Zanzibar

TSh 13,021,000,000
Ad ID
879453
Posted at
12. Mar, 15:07
Details
Price negotiable
Not Applicable
Real Estate Type
Offices
Price per square unit
Not Applicable
Square units
6,325 m²
Amenities
Location
Other Zanzibar District Zanzibar
Description

**32-Unit Apartment Complex for Sale $5,800,000

The 32-unit apartment compound for sale is situated in a popular historic area Bait-el-Ras (Bububu).
The property is adjacent to the famous institution ‘Bait-el-Ras Training College’ where many national leaders have attended.

Along the shore, not far from the compound, is the last Sultan of Zanzibar residential home 'Bait Al Ajaib' (House of Wonders).

A beach view is always a perk, occupants can also see the small islands of Prison Island and Guare Island.

With Zanzibar's rapid expansion in the tourism number, there is a shortage of rooms and apartments on the island. The unique investment poses itself for a great return on investment (ROI). Currently occupied by long and short-term tenants. The owners are motivated to dispose of the asset. All reasonable offers will be presented.

Consisting of 6 apartment buildings comprising of 32 apartments. All the apartments are fully furnished including all necessary appliances such as air conditioners, TV, cooking utensils etc.

Compound compilation:

15 x One bedrooms
10 x Two bedrooms
4 x Three bedrooms
3 x Studio apartments

1 x Reception Area + 2 Offices
1 x Meeting Hall (500-person capacity)
1 x Small Private Room (25-person capacity)
1 x Managers House (2 bed 2 baths)
1 x Laundry Hall
1 x Gym (fully equipped), Steam Bath, Pool and Jacuzzi

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 RE/MAX Omela Real Estate
RE/MAX Omela Real Estate
More from this Seller Member Since 29. Jul '15 87 Active Ads 127 Published Ads
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