32-Unit Apartment / Hotel Complex

32-Unit Apartment / Hotel Complex
FOR SALE Price on Application - Apartment, Commercial, Hotel
115006002-69 3,971 sqm 32 Beds 32 Baths 2015 Year Built 6,325 sqm

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 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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