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Luxurious Bungalow Resort In Zanzibar For Sale

Makunduchi, Tanzania
Asking Price:
$499,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Under $50K (USD)

The magnificent resort of 12,000 square meters is situated in the Southeast coast of Zanzibar. Two kilometre from the village of Makunduchi, right on the beach of the beautiful Indian Ocean.
The greatest sensitivity to environmental factors was realised during planning and building, which was finished in 2013.

Every effort was made to retain harmony with the environment and the local community –fishermen and workers of wheat seaweed-production- within our project.

The hotel complex stands almost alone and is designed to welcome guests – today a maximum of 23 people- who like, security, privacy, independence and quietness.
The resort has three luxurious bungalows of 64m2each with gallery and sea-view, two standard double-story bungalows of 26m2, a kitchen, a restaurant, a stone-bake pizza oven, a bar, a library, a reception, three huts and two toilets/showers for the staff and a gift-shop.
Furthermore, there is a swimming pool (terrazzo-11*7*2m), showers, changing rooms and toilets, outdoor games (mini-golf, chess, mill, “pétanque”, quoits).

In addition, it has a private beach of over 2000m2 with a tunnel entrance, a fitness room, an outdoor cinema, a toilet, four storage huts, four patios, a platform with two long-chairs on it and an exit to the public beach.

The own water-sources and electricity supply via solar energy ensure an independent control of the whole plot.
Further, a private house, with three bedrooms, a big kitchen, an office, a gallery with sea-view , a water reservoir (7*4*4m), two store-rooms and three store houses, an outdoor local kitchen, two patios, are on top of the ascending property which encloses a heterogenic garden.

• Masterhouse ( 350 m2)
• Storage 1 (32 m2)
• Storage 2 (20 m2)
• Storage 3 (10 m2)
• Patio (16 m2)
• Patio (50 m2)
• Laundry (12 m2)
• Kitchen (outdoor:25 m2)
• Garage (60 m2)
• Bungalow “Ötzi “(64 m2)
• Bungalow “Ptit Lap” (64 m2)
• Bungalow “le Goyer” (64 m2)
• Bungalow “Framboise” (2x26 m2)
• Bungalow “Abricot” (2x26 m2)
• Tower (3 levels:2 rooms, 1platform:25 m2)
• Kitchen (24 m2)
• Fitness room (30 m2)
• Reception (20 m2)
• Bar (45 m2) with gallery
• Restaurant (84 m2)
• Stove (40 m2)
• 2 Patio (8 m2)
• 3 Toilet/Shower (15 m2)
• 3 Toilets( 4 m2)
• Swimming pool (11*7*2m) with 2 Patio (each 45 m2)
• Beach tunnel (24 m2)
• outdoor Cinema (24 m2)
• 1 private beach exit
• 2 Main entrances (east and west)
• Hut/Staff (40 m2) and 1 pizza oven

The whole project is designed and approved by the government (ZIPA).

Upon request we can provide you with more information and details or show you the whole property. The plot is owned by Pumzika Beach Resort Ltd and can be transferred to the new owner.

Further information available upon request, please contact seller below for more details.

Property Information

Real Estate:

Lease

Lease Terms:

32 years

Leasehold Rent:

$4,500 (USD) per annum

Living Accommodation:

The private house with three luxurious bedrooms and en-suite bathrooms is situated on the top of the property and separated from the rental bungalows. It is built around an atrium with a central located deep well and has a spacious gallery with a fantastic sea view. In addition, there is a fully equipped kitchen (55sqm) with an underlying water reservoir (144000lt), an office and two storage rooms. Three stoves, two patio and a garage are also in personal property.

Location:

Situated straight on the Indian Ocean, the Resort has its own private beach (2000sqm) which is separated by an abundant vegetation with trees and local plants and supported by a concrete wall. This area may be reached by an underground tunnel, unique on the Island.

Premises Details:

A 12000sqm estate with well maintained gardens, an area with oversized games and a wonderful swimming pool situated in the middle of the resort.

Size in square feet:
12,916,693
Planning Consent:

All planning permissions and legalities can be documented upon request.

Business Operation

Expansion Potential:

Yes, since two third of the property is still free of buildings and there is a governmental approved concession available to built more bungalows.

Competition / Market:

Two other hotels in the neighbourhood. Pumzika Beach Resort has performed very well with the competition in the area and on the Island as well as a hotel and as a restaurant, probably due to the fact that what Pumzika has to offer to their guests is unique, private and exclusive. For references, please check us out on Tripadvisor! .

Reasons for selling:

Retirement from hotel business. change core business. Looking for a new challenge.

Trading hours:

24/7. However, working hours depend on reservations and can be adjusted to owners wishes. One month per year the business is closed, because of the rain season.

Employees:
12
Years established:
6

Other Information

Support & training:

All support and training will be provided to run adequately the business.

Furniture / Fixtures value:
$85,000 (USD) - included in the asking price
Inventory / Stock value:
$76,000 (USD) - included in the asking price
Website:
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Related Documents:
Business closed / Asset sale:
Yes
Administration / receivership:
This business is in administration / receivership

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