|
5 star Hotels is good business. It gives very high rental returns.
Rental
Rates & your anticipated income:
For
comparision sake let us check the rental income on the Zanzibar Sarena Inn, a
4 star hotel in Zanzibar, then we will see the following returns:- Average
Hotel Room (Studio) rate of $90 per night.
$90 per night multiplied by 365 day and again by 80%, the occupancy rate in
Zanzibar in 2014, statistics by the Zanzibar tourism, this will total an annual
rental revenue of $26,280. There are many operational expenses in running the hotel.
Total operational expenses are calculated at 50%. Buyer will receive $13,140, that is 50% of the rental revenues from the units. The Developer has committed to guarantee this as
the minimum payment to his investor buyers.
However this Rental income is calculated on a 4 star hotel.
Your condo will be in a 5 star hotel resort. Your revenues will be substantially higher than
this minimum of $13,140. Please note the Developer is committed to give you 50% of the Developer's rental revenue,
or this minimum of $13,140 whichever is higher.
It does
not matter if your particular unit is rented or not. As the revenue from all the
similar units is pooled together and the revenue divided in equal proportion
among the owners. Rental income and owner possession starts from day 1 on
completion. The purchaser can use his purchase and stay in the hotel for
Free and when not using it is rented and making money for him.
|
|
Comparison of these rental returns to renting out a condo
apartment:
|
|
For argument sake let us compare the two rental
income results: Suppose the buyer had purchased a regular condo or house for $50,000, and rented it out for say $500 per month. The property management fees
would be 10%. On top of that the daily and annual repairs and maintenance costs,
plus the insurance and property taxes, utilities, miscellaneous etc works out
another 15%. Total 25%. The net in the owners hand is estimated at $375 per
month, x 12 = $4,500 annually. Compare this to the buyer's price of $50,000 on a
studio unit in the condo hotel, the annual rental revenues from the above studio
is $13,140. Plus the owners unit is always maintained to the 5 star level. The
buyer can compare and easily see which is a better investment.
|
|
|
Zanzibar is a hidden paradise. There is an acute shortage of 5 star hotel
resorts in Zanzibar. In the next 4 years as the demand increases, the room rates
are likely to go higher and the occupancy percentage is also expected to
increase. The real estate prices are also appreciating at the rate of 20-30%
annually. Considering all this it is expected the revenues generated from the
studios will be substantially higher than the annual rental income of $13,140,
which is calculated as on today's prices.
|
|
WORST CASE SCENARIOS: |
|
Scenario 1: This is the expected scenario. Annual
revenues from a studio unit are expected to be $26,280, The
owner's share at 50% comes to= $13,140 per year. This is excellent profits and
income. |
|
For argument sake let us take a worst case scenario: This scenario is not likely to happen, however the figures show
that even in the worst case, the buyer will still make good money. There is
nothing to worry.
|
|
Scenario 2: Let us assume the
annual revenue is not $26,280 or higher, but less than even half of that say
$13,000. The owner's share at 50% comes = $6,500. Not bad even this is good
income.
|
|
If still at lower revenues, which is not likely,
please note the buyers also have the developers guarantee of 26% rental on
original invested amount that kicks in. As such the owner's net income is always
guaranteed. Not bad, and if the revenues generated are higher, then of course
the owners make more money. |
So as the above scenarios show the buyer has all his
bases covered and is bound to make a profit on this project. First realistically it is not
expected the revenues to be so low as shown in the above scenario. Secondly the
owners can take a quick profit and sell their unit at any stage. Also Easy Exit. Developer
guarantees Buy Back at US$100,000 on completion. You get double your investment
back.
|
Rental returns proves
that the owner units will appreciate in value significantly :
|
In real estate a 10% annual net
return is considered to be a very healthy, and properties with that kind of
returns are closed immediately by the buyers. This is a question of economics
and demand and supply. A I0% return is considered a good return. Applying this
scenario to the owners in this property. The owners return comes to $13,140. Using the 10% formula, this equates to a property
price of $131,400. Your pre buying price is $50,000, So the owners have an
equity of $81,400 built in their buying price. There is
a huge potential of value appreciation for the owners
|
|
|
This is rs the following key
advantages. |
|
1 |
No risk of losing a dime of your investment |
|
2 |
Flipping Returns of up to 380% |
|
3 |
It is totally seamless, you do not have to do anything. |
|
4 |
Performance in both up and down markets |
|
|
-
A
famous American investor, Robert Allen, once wrote
-
“If
you want to be wealthy don’t wait to buy real estate . . . . .
-
buy
real estate and wait”.
|
|
|
|
Location
Active map. Zoom in
or zoom out to change the View or change the style of the map.
Click: + or - To Zoom for full view. Click: Map for
Map view
Sat for
Satellite view
Ter for Terrain view
|
Active map. If Map is not
displaying. Click here to View the map.
.svg/250px-Spice_Islands_(Zanzibar_highlighted).svg.png) 
Zanzibar islands lies off the
coast of Tanzania in the Indian Ocean. It is known as a
jewel of the Indian ocean. The proposed building is
12 stories high and have 38 units on each floor. It is a very good location, close to
the beach, highway, good restaurants,
shopping, malls, schools, colleges, hospitals, public transport etc.
|
|
|
|
All maps, dimensions, drawings, architectural plans,
building material and appearance, location, site area, lot size, dimensions,
shape and plan, construction start date, construction period, completion
dates, site & floor plans etc are approximate and information is subject to
change without notice. The Seller reserves the right to make revisions. Buyer
when making a purchase, agrees to accept these revisions. |
|
Floor Plans |
|
STUDIO 402 sq. ft. |
 |
|
|
|
1 Bedroom 1 bath 558 sq. ft |
 |
|
|
|
2 Bedrooms 2 baths 992 sq. ft. |
 |
|
|
|
Presidential Suites, 3 Bedrooms 1340 sq. ft. |
 |
|
|
|
Site Viewing:
All persons are welcome to come and visit the site location. There
is no substitute for personally viewing the Site Land and the area. Or during
the construction stage. That is why when you purchase the developer is giving
you a site visit bonus of $5,000 to use as you like. This amount you may
use towards a site visit or keep as your savings.
Try
to visit the site. This would be a
good early opportunity to see firsthand all that this country has to offer.
|
|
SITE VIEWING.
Every Friday at
3 p.m. (For Overseas Clients
only)
Contact:
Meet the Landowner, Zanzibar.
|
|
Foreign Nationals:
Foreign Nationals (Not citizens of Tanzania.) on completion
of the building will be issued Ownership Title units of the CondoHotel
Management company instead of the Ownership Title deeds. This CondoHotel
Management company will have under its wings the same number of
units in ownership as the same number of Foreign buyers. Example if 100 Foreign
Buyers purchase a condo unit, then this CondoHotel Management company will have
under its ownership 100 condo units. All the benefits, rental returns etc will
be exactly the same as the regular Buyers and regular property owners. This
facility is given to the Foreign buyers to help simplify their investing with
the East West Developments. This facility helps the Foreign Buyers to enjoy all
the benefits from the property, and makes
it easy for them to sell out when they wish to do so.
|
|
 |
Our goal is to make it extremely easy to participate in our projects. We will
listen to the investors goals and help them experience the magic of great
returns.
Investor Services
Real estate has always been one of the key drivers to accelerate growth in any economy.
Zanzibar Real Estate is at the beginning of
a dramatic growth phase. With the strong
economy growth, Zanzibar real estate is promising the best returns and an investment opportunity window to those who step forward.
East West Development Co. has become a leading Zanzibar real estate service provider to the global market. We exclusively represent the top developers of
Zanzibar to provide a wide choice to a
global buyer. Our relationship with leading
financial institutions and Banks brings unique in depth market knowledge and access to financing and numerous real estate investment opportunities in
Zanzibar.
The condo hotel studio units, in size 402 sq. ft.
Lot Size: 25 Acres.
|
|
|
|
 |
Project Description: The Grand 5 Star Hotel and Convention Center, located in the heart of
Zanzibar, will be a five-star property. It will offer families, business travelers, conventioneers, and tourists the opportunity to stay and enjoy
and explore the hidden paradise, Zanzibar.
Intended star rating: 5 stars. Location is very central. Close to all amenities,
shopping center, restarants, clubs, mall, public transport, schools, university,
hospital, medical services, post office, banks, train station, airport, taxi
stand etc.
Price increase every month: A limited number of units will be made available in
new releases every month. Substantial price increases before completion.
|
|
|
|
Building Features:
• Freehold residential hotel resort apartments.
• Luxurious finishing for the main entrance and for the main corridors.
• High quality durable finishing.
• Large lobby and corridors to give feeling of comfort and openness.
• High speed elevators.
• Central satellite system and intercom system.
• Central Air conditioning.
• Card Entry System.
• CCTV and 24 hours Security System.
• Fire Fighting and Fire Alarm System.
• gym, sauna, Jacuzzi, baby play area, party and meeting hall.
• Discotheque
• 5 restaurants and bars & coffee shops.
• Full-service spa and fitness center
• meeting and convention space
• Banquet Halls.
• shopping promenade
• Internet & Media lounge. |
|
|
|
• Three swimming pools
• Party rooms
• Boutique spa
• Play center
• Tennis courts
• 12,000 sq. ft. convention & meeting space
• Business center
• High-speed Internet access & WiFi
• sport & activity center
• Outdoor tented reception area
• Wedding gazebo
• Terrace Steak House
• Pool bar & grill
• Lounge with nightly live music |
 |
|
Building Features & Services: As a
five-star condo hotel resort, The Grand Zanzibar will have a variety of
restaurants with extremely high standards, a lounge, a coffee shop, boutiques,
fitness center, spa, swimming pool, tennis, business center and ample meeting
space with state-of-the-art audio and visual equipment . The property will offer
valet, security and concierge services. Each unit owner will be entitled to
full hotel privileges, including daily housekeeping service, valet parking, gym
access and concierge services.
Price Increase: every
month.
Completion Date: December
2021. The valid completion date for
payment of Buy back and start of the Rental payments will be the date on the
offical Occupation Certificate as issued by the Building Department of the City.
Buyers
will be kept informed on the Construction progress. Construction updates will
also be posted on the website.
List of
Completed and Running Condo Hotels. 5 Star Condo hotels is good
business.
List
of Under construction Condo Hotels and developments.
List
of JV Developers and Builders.
Compensation paid to Buyers: The Developer guarantees that
the Condo Hotel will be completed on or before the completion date, except in
the event of force majeure, conditions that are beyond the control of the
developer. In case of the Developers delays in completion of the building
by the mentioned date, then the Developer will pay a penalty to the Buyers.
Penalty#1: The Developer
will give to the
Buyer of a 100% Studio unit 2 free Parking slots on completion. Similar pro-rata free units for other buyer
purchases. Example a buyer
of a 20% Studio
unit will get 2 free 20% Parking slots on completion.
Penalty#2: Provided any
rental payment or Buy back payment is late. The Developer
will pay late fees to the
Buyer at the rate of 16% per annum for the period late, till the promised
payment is paid.
Insurance during Construction: The Seller will at all times
throughout the course of the construction period, keep the Units insured to its
reinstatement cost for the time being with a reputable Insurer. In case of
destruction, all the damaged or destroyed parts will be reinstated by the
Developer who will apply the proceeds of the policy of insurance towards the
reinstatement. If the proceeds of the insurance are insufficient to cover the
cost of reinstatement, the Developer will make good any deficiency.
No price escalation during
construction: Any escalations in the price on
the cost of construction or for any other reason will be borne by East West
Development.
Contract Assignability: Yes, contracts can be assigned. That
means your reservation can be sold and assigned to a new buyer. This is highly
unusual in the U.S. and around the world, and it certainly is a benefit to
the buyer.
Franchise/Management Company: A worldwide international hotel chain,
not yet determined. Franchise will be a big chain like Ritz
Carlton, Fairmont, Hyatt, Marriott, Hilton, Sheraton, Intercontinental or
Meridien etc.
|
|
Introducing: Zanzibar.
has been a an exotic place for over a thousand years. Its economy has
grown by an average of 10% over the last decade (12% in 2012), it is easy to see
why Zanzibar has become a magnet for foreign investment. |
|
Why Invest in Zanzibar? The
Economy |
|
1. Zanzibar has consistently outperformed this growth rate.
2. Zanzibar exerts a magnetic attraction on foreign investment. International firms have attracted a pool of skilled ex-patriot workers, creating a demand for high quality property and serviced apartments. At the same time, the economic success has poured money into
Zanzibar and the local market for property has changed to reflect this greater wealth.
3. In the past few years, the Zanzibar administration has invested huge amounts in the improvement of road and transportation systems, which will influence the development of the price and functional configuration of real estate in the future.
4. Zanzibar will host many international expos a and events.. Such events
continue to raise Zanzibar profile and draw further investment. All of which
further contributes to future growth and demand for property. This means that
the local economy and real estate market have many years of growth driven by
strong economic fundamentals ahead.
|
|
Why Invest in
Zanzibar? The Real Estate Market |
|
Zanzibar's explosive growth has guaranteed the status as one of world's most
attractive property markets. Between 2010 and 2013 apartments in some districts of Zanzibar increased in value by
80 percent: The Municipality Statistics Bureau calculates that across the
Zanzibar, the price of real estate increased by 20 percent in
2013, and has jumped again by 20 percent in 2014. Despite such price rises,
Zanzibar real estate remains extremely cheap by international standards and the strong economic fundamentals are set to push prices ever higher for some years to come.
In addition, hotel space in Zanzibar is at a premium, with close to zero room availability at some times during the year.
|
|
Why Invest in Zanzibar? The Future |
|
|
|
The Zanzibar Government recognizes that foreign investment is the best way to bring wealth and economic growth to
Zanzibar, and has worked to develop investment conditions that welcome investors and ease the repatriation of wealth.
Zanzibar has always been open to international trade, but the level of internationalization in
Zanzibar is progressing very fast. Zanzibar already has a large number of foreign schools, institutes, societies , organizations, medical centers and
many international foreign companies. Demand for
rental property is ensured by strong local demand
combined with massive demand for hotels and serviced
apartments. Zanzibar has a sparkling future which will be reflected in the property market.
|
The Grand 5 star Deluxe Hotel Resort, Zanzibar.
Zanzibar islands lies off the
coast of Tanzania in the Indian Ocean. It is
known as a jewel of the Indian ocean, and once,
a city ruled by sultans, Zanzibar has been as
connected to Arabia and other regions along the
Indian Ocean as it has to Africa. Indian Ocean as it has to Africa.
Just the name, Zanzibar evokes
dreams of romance and mystery and is a
preferable tourist destination alive and
thriving where anything can happen and it does
happen. That is its biggest attraction as the
reality will not disappoint the travelers who
are bored with mass tourism and seeking an
enlightening and enjoyable holiday experience.
The History:
Zanzibar commonly
known as the “The Spice Islands” has a colorful
history and saga of the seafarers, explorers and
traders. To its shores came Sumerians,
Assyrians, Egyptians, Phoenicians, Indians,
Chinese, Malays, Persians, Portuguese, Arabs,
Dutch and the British, each leaving behind a
legacy of their stay. From the island the great
European explorers – Burton, Speke, Livingstone,
Stanley – set off for their voyages of discovery
into the vast, uncharted wilderness of the great
African hinterland.
Zanzibar was famous for its
beaches. With miles of white sandy palm
fringed beaches, where the azure waters of the
Indian ocean beckon swimmers, divers, fishermen
and watersports enthusiasts alike. Breathe in
the fragrant scents of cloves, vanilla, Cardamom
and nutmeg, and discover why Zanzibar is called
“The Spice Islands”. Explore the forests with
their rare flora and fauna or visit some of the
ancient, archeological sites.
The Interesting Places to
Visit in Zanzibar:
Stone Town,
the National Museum, Livingstone House, House of
Wonders, Peoples Palace, Old Fort, Hamamni
Baths, Cathedral Church of Christ, Tippu Tip
House, Kizimkazi, Maruhubi and other ruins at
Chuini, Dunga, Kidichi, Kizimbani and Bungi,
Jozani forest reserve, Changu or Prison Island,
spice plantations etc.
People, Religion & Language:
Zanzibar's local
people are an incredible mixture of ethnic
backgrounds, indicative of her colorful history.
Islam is the dominant religion, and is practiced
by most Zanzibaris, although there are also
followers of Christianity and Hinduism.
Population is estimated at 800,000, with the
largest concentration being Zanzibar City which
has approximately 100,000 inhabitants.
Zanzibaris speak Swahili (known locally as
Kiswahili), a language which is spoken
extensively in East Africa. Many believe that the
purest form is spoken in Zanzibar as it is the
birth place of the language.
Climate:
Zanzibar
experiences ideal holiday weather for most of
the year, with the exception of April and May
which are seasonally subject to the long rains.
Short rains can occur in November, but, do not
last long.
The heat of summer is
seasonally often cooled by windy conditions,
resulting in pleasant sea breezes, particularly
on the North and east coasts. Being near to the
equator, the islands are warm all year round,
but officially, summer and winter peak in
December and June respectively. Zanzibar is
blessed with and average of 7-8 hours of
sunshine daily.
Wildlife:
There are no
large wild animals in Zanzibar, and forest areas
such as Jozani are inhabited by monkeys,
bush-pigs and small antelopes. Civets (and
rumor has it, the elusive Zanzibar leopard!)
and various species of mongoose can also be
found on the island. There is a wide variety of
birdlife, and a large number of butterflies in
rural areas. The coral reefs that surround the
east coast are rich in marine diversity, and
that makes Zanzibar and ideal location for
snorkeling and scuba diving.
Economy:
Catch of the day
fishing and agriculture are the main economic
activities of the local people. Zanzibar was
once the world's largest producer of cloves, and
her economy was based on the large incomes thus
derived. Although cloves are still a major
foreign export along with coconut products and
spices, tourism has been ear-marked as a major
foreign exchange earner, with more visitors
coming to Zanzibar each year hence the potential
for tourism is relatively untapped. Zanzibar is
dedicated to sensitive tourism that benefits
both visitors and the community, without losing
the romance and magic that is Zanzibar.
Government:
Zanzibar is
an island state within the United Republic of
Tanzania, and has its own semi-autonomous
government made up of a Revolutionary Council
and House of Representatives.
|
|
|
Additional 2 Bonus |
-
 1. Buyers
get Ownership Gold Card. Within 15 days of completion of the property,
All the Condo or Parking slot Buyers will be issued a 'Owner Gold Card.'
Fractional
Parking slot owners are are not eligible for the Gold Card.
With the Gold Card the owner is recognized as an owner of the property in the hotel. Benefits for the owner and his family members include stay in our chain of 5 star hotels worldwide.
Free stay for 100% Condo owners. 50% discount stay for 20% condo owners or the Parking slot owners.
Plus all the owners get 50% discount at all the other
hotel facilities, including restaurants, bars, coffee shops, club, spa etc The
card may be freely used to get a 50% discount at all the hotel facilities. If the owner sells the property, the Card will expire, and the owner has to return the card back.
-
-
2. Free
Car: For the Condo or Parking slot
Buyers.
One Buyer will be the lucky winner . On completion of the building a
lucky draw will be held at the Grand opening function. One buyers will be the
lucky winner of a Mercedez Car S550 or $100,000
in cash in lieu of the car.
100% Condo
buyers get 2 draws. Only for the 100% Condo buyers, a 2nd Free Car draw for One
Bently Flying Spur or $200,000 in cash in lieu of the car.
| | | | | | |