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Beachfront hotel for sale in Tanzania

Ref # 2188138
Property Details
29 Ocean Road

Swindon is pleased to offer this beautiful Boutique Hotel for Sale in Tanzania.

Located on the East Coast of Africa in an area called Bagamoyo.

A successful, well-established hotel in one of the most sought-after locations in the area. The well-maintained grounds are forested with established trees and a palm collection.

The Company owns long-term title deeds (99-year titles with over 70 years remaining) for two adjacent properties measuring 10 acres in total, with 235 m of Indian Ocean beachfront. The site has huge commercial re-development potential and can be used for anything commercial. With a new Port being built 8km from the site, the potential exists for the expansion of the hotel or complete re-development into gated housing complex for which there is demand, shopping complex or medical Centre with accommodation.

The limited company is incorporated in Tanzania, with only two shareholders/ sole directors who wish to sell all the shares of the company. The Company is fully approved, compliant, and licensed. There are no mortgages or debts, and no tax, legal, or labour issues whatsoever. New Port is to be established in close proximity. We have just confirmed that a new Port shall be built at the Mbegani Fisheries site only 8km from the hotel.

Tanzania’s travel receipts almost doubled to USD 2,560.7 million in 2022 from USD 1,310.3 million in 2021, consistent with the rise in the number of tourist arrivals. Tanzania received 1,454,920 tourists in 2022, compared to 922,692 in 2021, and 616,491 in 2020. Tanzania’s incredibly rich natural tourism offer earned it the title of “Africa’s Leading Destination” in 2021. The natural attractions fall into two main categories: wildlife and beach. Tanzania Tourist Arrivals reached record highs in Q1 2023.

We are instructed to seek offers at US $ 3.95M exclusive of applicable Taxes and subject to contract.

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