ALL THAT LANDED PROPERTY LOCATED AT SITE PLAN NO. 1135/2011, MATEMWE AREA, NORTHERN REGION OF UNGUJA, ZANZIBAR (0.14) MARKED BY CONCRETE BEACONS 150,151, 153 AND 154 in the name of MANDHARI VILLA MATEMWE LIMITED, NOTICE IS HEREBY GIVEN THAT, under the appointment letter dated on 15th November 2022 in favor of Equity Bank Tanzania Limited Head Office, Golden Jubilee Tower, Dar Es Salaam instructing us to advertise the sale by Tender process of the property captioned above.
- The property is a four storey beach hotel villa property with the total of 64 rooms; 50 standard villa rooms, 8 executive villa rooms and 6 family villa rooms together with administration block and generator cum laundry block built to a very good standard of workmanship, design and material specifications.
- INTERESTED MEMBERS OF THE PUBLIC ARE INVITED to submit bids for the purchase of the property in a sealed envelope clearly marked “BID FOR THE PURCHASE OF MANDHARI VILLA HOTEL PROPERTY LOCATED AT SITE PLAN NO. 1135/2011, MATEMWE AREA, NORTHERN REGION OF UNGUJA, ZANZIBAR indicating the offer for the property with full address of the bidder shown and the same should be submitted so as to reach the undersigned on the address below before 14:00 hours on 10th February, 2023 by 14:00 hours at the office mentioned below. Bidders are invited to attend during the event if they so wish.
- Bidders should note that the information supplied herein is without liability to the Seller as to its correctness independent valuation and inspection of the property is highly recommended.
- The Seller shall not be bound to accept the highest bid or any bid at all.
- The Property is sold in a condition as it is.
- The successful bidder shall be bound to make a 25% down payment on the price within 4 days of the date of the award and the balance shall be paid within 14 days or as the successful bidder agreed with the bank for payment arrangement. In event the balance is not paid within 14 days or as the successful bidder agreed with the bank for payment arrangement, the Seller shall forfeit the down payment and the next highest bidder shall be awarded the option to purchase.
- Bids mentioned in paragraph 3 hereinabove should be addressed to the address below;
THE MANAGING DIRECTOR,
DEV RECOVERIES LIMITED,
NIC LIFE HOUSE 4TH FLOOR,
SOKOINE DRIVE/OHIO STREET,
P.O.BOX 6707,
DAR ES SALAAM.
PHONE: 0712390460 or 0788438640
