Arusha Town Gateway: Hotel Apartments Investment Opportunity

Property Description:

Welcome to the Opportunity of a Lifetime in Arusha Town!

Nestled in Tanzania's picturesque East Africa, often referred to as the "Geneva of Africa," this family property is located in the renowned "Corridor Area" or "Uzunguni." Just a stone's throw away from the Clock Tower – a historic landmark marking the midpoint between Cape Town, South Africa, and Cairo, Egypt – this prime location offers an unparalleled investment opportunity.

Property Details:

• Total Plot Size: Approximately 2223 square meters
• Location: Stretches from the bustling Main Road (Clock Tower) to the serene Njiro Residences
• Development Potential: Ideal for Hotel Apartments and Residential Apartments

Nearby Landmarks:

• New Arusha Hotel by Sheraton (Approx. 120 meters)
• NSSF Mafao House (Approx. 50 meters)
• PPF House (Approx. 100 meters)
• Kibo Palace Hotel (Approx. 40 meters)
• Gran Melia Hotel (Approx. 2 kilometers)
• Novotel (Approx. 1.5 kilometers)
• Safari Hotel (Approx. 150 meters)

Key Attractions:

• Gateway to Tanzania's iconic Northern Circuit tourism zone, including Ngorongoro, Serengeti, and Manyara National Parks
• Proximity to major tourist, conference, and diplomatic activities
• Presence of African Court, East Africa Community, and Tanzanite Jewellery Stones Business
• Anticipated developments like a modern stadium for hosting major international tournaments, such as AFCON in 2027

Investment Opportunity: This prime property offers a unique chance for an investor to partner in a Joint Venture contract. The envisioned development includes a 5 to 7-story hotel apartment complex featuring:

• 1-bedroom, 2-bedroom, and a few 3-bedroom units (penthouses)
• Small gym, quaint swimming pool, steam bath/sauna
• Ground or mezzanine floor suitable for modern shops (coffee shops, boutique stores)
• Underground parking facilities

Current Infrastructure:

• Mini-supermarket on the premises attracting hundreds of consumers daily (to be replaced with new ventures)
• Two flat houses (will be cleared for development)

Why Invest Here?

• Only one existing hotel apartment in Arusha, consistently fully booked
• Growing demand for short and medium-term accommodations
• Strategic location in a thriving tourist and business hub
• Proximity to major road networks and a 2-hour drive from Nairobi, Kenya

Owner's Vision: As the property owner, I am seeking an investor to provide the necessary funds for the development and oversee its operations. The final project details can be adjusted based on an investor's interest and ground survey/research, ensuring mutual benefit for all parties involved.

This property is essentially a blank canvas, ready for transformation. Don't miss out on the chance to be part of this thriving opportunity in the heart of Arusha Town. Contact us today for further details and to discuss this exciting joint venture!