For Sale: Prime Hotel Property in 22 Mazoria, Addis AbabaProperty OverviewLocation: 22 Mazoria, Addis AbabaTotal Area: 300 m²Building Area: 275 m²Structure: Modern 7-story hotelRooms: 38 well-equipped rooms, each with a private bathroomFacilities:High-quality kitchen equipmentGym and saunaWomen's and men's beauty spaLaundry room with the latest machinesRestaurant and reception areaAmple parking space (both underground and courtyard)Additional FeaturesElectric Supply: 380VWater Reservation: Two tanks of 20,000 liters eachOffice Space: AvailableUtilities: Electricity connection, lift, and refined finishesTraffic: Located opposite the main road in a high-traffic commercial area, ideal for offices or guest houses.FinancialsMonthly Income: 1.5 million ETBPrime Bank Loan Available: 100 million ETBAsking 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 PotentialThis 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 InformationFor more details and to arrange a viewing, please contact:Betoch Property Management ServicesWebsite: www.betoch.etPhone: +251 91 108 4039Tips for Sale AgreementClear 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
Selling