Beach Plot in Chwaka located on the East Coast of…
USD3,500 Per Month
This property is situated in Makangale, North of Pemba Island. The major tourist attractions such as spectacular beaches, scuba diving, coral reef viewing, Ngezi rainforest, the best marlin fishing in East Africa are located in this region. The area is also well known for its luxurious resorts. Astonishing Tanzanian sunset and the beautiful Indian Ocean will amaze you.
This family-owned hotel site is nestled on 43,000 sqm (4.3 Ha.) of land with 215 meters of beachfront. It was successfully operational business before but currently has been vacant for four years and needs major renovations and TLC. Property remaining structures feature 53 rooms, 1 swimming pool, manager office, and staff residence. This asset can be converted into a steady source of profit. The property is available on a 49-year government issued sub-lease at $3500 per month or your can compensate the current leaseholder for their land rights at a predetermine price.
Only 1 hour and a half drive to the Airport and 2 hours drive to Pemba main ferry (Mkoani).