Hotel Property in 22 Mazoria

For Sale: Prime Hotel Property in 22 Mazoria, Addis Ababa Property Overview Location: 22 Mazoria, Addis Ababa Total Area: 300 m² Building Area: 275 m² Structure: Modern 7-story hotel Rooms: 38 well-equipped rooms, each with a private bathroom Facilities: High-quality kitchen equipment Gym and sauna Women's and men's beauty spa Laundry room with the latest machines Restaurant and reception area Ample parking space (both underground and courtyard) Additional Features Electric Supply: 380V Water Reservation: Two tanks of 20,000 liters each Office Space: Available Utilities: Electricity connection, lift, and refined finishes Traffic: Located opposite the main road in a high-traffic commercial area, ideal for offices or guest houses. Financials Monthly Income: 1.5 million ETB Prime Bank Loan Available: 100 million ETB Asking Price: 110 million ETB (cash required, slightly negotiable) Service Fee: 2% on the total price for both buyers and sellers (please consider this before proceeding). Investment Potential This property offers a lucrative opportunity for investors looking for a strategic and established location in a bustling market. Situated near key landmarks such as EAL Megenagna, Meskel Square, and the British Embassy, the area boasts a vibrant environment with banks, insurance companies, and government offices nearby, enhancing its income-generating potential. Contact Information For more details and to arrange a viewing, please contact: Betoch Property Management Services Website: www.betoch.et Phone: +251 91 108 4039 Tips for Sale Agreement Clear Terms: Ensure all terms of the sale are clearly outlined, including price, payment methods, and timelines. Inspection Clause: Include a provision for the buyer to inspect the property before finalizing the agreement. Service Fee Agreement: Clearly state the 2% service fee and ensure both parties acknowledge this. Contingencies: Outline any contingencies that might affect the sale, such as financing or property condition. Legal Review: Have the agreement reviewed by a legal professional to ensure compliance with local laws. This proposal serves as an excellent opportunity for potential buyers and investors. Let us help you make this property your next successful venture in Ethiopia’s vibrant real estate market. BT: 22