Serviced apartments managed by Valor Hospitality, Paje

Overview

A serviced residential resort in Paje on Zanzibar's east coast, an area regarded as one of East Africa's fastest-growing tourist destinations. Managed by the international operator Valor Hospitality. - Price from $88,000 - 7 buildings, 203 apartments: studios, 1 and 2 bedrooms, all fully furnished - Land lease term: 33+33 years (a leasehold right, not ownership of the land); 100% foreign ownership is permitted - Two residents' pools, restaurants, cafés, boutiques, gardens and walking areas, a playground - 24-hour security, fibre-optic internet, a 300 kW solar power plant - EDGE Green certificate — according to the developer - A $500 reservation, then payments by construction stage - Completion date to be confirmed - Land in Zanzibar is leased to foreigners on a long-term basis (leasehold); confirm the terms and length before buying. Yield and timelines are the developer's expectations, not a guarantee. 8–14% expected annual yield — the developer's forecast; depends on occupancy and apartment type

Highlights

Mortgage

No

Location

Paje, east coast of Zanzibar, Zanzibar (Tanzania)

Legal and purchase notes

Prices, availability, yields and payment plans are subject to change. Any rental income or capital growth figures are illustrative and do not constitute a guarantee. Clients should obtain independent legal, tax and financial advice before making a purchase decision.