Sale at Mbutu

This proposal outlines the sale provisions of the 4.521 Ha. (45,210 Sq Meters) and in Kigamboni Mbutu, Dar Es Salaam Tanzania.
It is a commercial real estate property & the total cost amounts to $ 3,500,000.00. This document provides the terms & conditions of the
sale.
The Subject property consists of two parcels. Parcels are numbered 1254 & 1255. Parcel 1254 has an area of 1.648 Ha. (16,480 Sq. Meter)
& Parcel 1255 has an area of 2.873 Ha. ( 28,730 Sq. Meter).
All of the parcels are contiguous & make up a total area of 4.521 Ha. (45,210 Sq. Meters) adjacent to the Indian Ocean. The property has
private title, registered with the necessary authorities & Taxes for the property are paid to the local authority & are current up to the present
year.
Scope of Work
The commercial plot is a 4.521 Ha. (45,210 sq meter) Land in Dar Es Salaam, Title No. 54823.
1. Area Description – The land is on the outskirts of Dar Es Salaam along the shores of Kigamboni with beautiful
untouched beaches perfect for commercial real estate developers.
2. Site Opportunities – The land is considered an opportunity for commercial real estate developers seeking new building sites because
the area is already neighbouring other local hotels such as Villa Nyangumi & the still under construction Peponi Hotel.
3. Utilities & Infrastructures – The owner has provided utilities like water and electricity right to the plot apart from that the land is open
with only a one roomed house for the land’s caretaker but apart from that there are no more structures built on the plot.
Sale Price
The purchase of the entire Subject property. This includes parcels 1254 & 1255. The asking price is $ 3,500,000.00 or approx. $ 77.40
per Sq. Meter. The enitre property is 45,210 Sq. Meters or 11.17 acres