Beach Hotel for Sale - Matemwe, Zanzibar

Beach Hotel for Sale - Matemwe, Zanzibar - 1
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Price Analysis Fair Price

Based on 87 similar listings

Market Demand

High Demand

Details

Address
Matemwe
Condition
Fairly Used
Furnishing
Furnished
Property Type
Hotel
Square meters
4,500 sqm

Beach Hotel for Sale - Matemwe, Zanzibar Highlights

  • Prime Coastal Location: Properties in Matemwe, Zanzibar, are often sought after for their direct beach access and stunning ocean views. This area is known for its beautiful coral reefs and tranquil atmosphere, making it ideal for tourism.
  • Hotel Infrastructure: Hotels typically include guest rooms, common areas like lobbies and restaurants, and staff facilities. The layout is designed to maximize guest comfort and operational efficiency.
  • Furnished for Operation: Being furnished means the property is equipped with essential furniture and fittings, ready for immediate use or minimal setup. This significantly reduces the initial investment and time to market.
  • Significant Square Footage: A large square meterage indicates ample space for multiple guest rooms, amenities, and potentially expansion. This size is suitable for a mid-to-large scale hotel operation.
  • Island Utilities: Zanzibar's utility infrastructure can vary. Buyers should inquire about the reliability of water supply, electricity, and waste management systems, as these are crucial for hotel operations.
  • Property Condition: A 'fairly used' condition suggests the property has been operational and may require some updates or renovations to meet current standards or a buyer's specific vision. Regular maintenance is key.

Description

• Prime beachfront property in Matemwe, Zanzibar, offering 60 meters of direct white sand beach frontage. • Spans approximately 4,500 sqm with existing infrastructure including 12 bedrooms, a swimming pool, and a beachfront restaurant. • High expansion potential due to generous land size, suitable for significant room extensions or further development. • Property requires renovation, presenting a versatile foundation for investment and development strategies. • Located in Kaskazini A region, offering a tranquil coastal setting. • Ownership is 100% local with clean, verified legal documentation. • Asking price is $1.2 million USD (equivalent to TZS 3,120,000,000).

Compare

Beach Hotel for Sale - Matemwe, ZanzibarThis item
Beach Hotel for Sale - Matemwe, Zanzibar
TSh 3,120,000,000
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ConditionFairly UsedFairly UsedFairly Used
Property TypeHotelSchoolFilling Station
FurnishingFurnishedUnfurnishedUnfurnished
AddressMatemweKibahaMvuti
Square meters4,500 sqm800 sqm3,000 sqm
PriceTSh 3,120,000,000TSh 2,700,000,000TSh 2,300,000,000