KSh 22,500,000
Apartment for sale
Exceptional 16 One-Bedroom Units & 3-Bedroom House on 0.4 Acres Watamu
Coastal Investment Opportunity in Prime Watamu Presenting a rare and highly attractive hospitality investment opportunity in the heart of Watamu's thriving tourism corridor. Located just 300 meters from the pristine beaches of Blue Bay, this expansive property sits on approximately 0.4 acres and features 16 one-bedroom accommodation units, a spacious 3-bedroom main residence, and a swimming pool currently at 50% completion. Offered at 80% completion, this property provides investors with the unique advantage of customizing the final finishes while significantly reducing development costs and construction timelines. Whether envisioned as a boutique hotel, holiday apartments, Airbnb complex, wellness retreat, or private coastal resort, this development offers exceptional income-generating potential in one of Kenya's most sought-after beach destinations. Asking Price: Kes 22.5 Million Location Highlights Strategically positioned near the renowned Blue Bay area of Watamu, this property enjoys proximity to some of Kenya's most celebrated coastal attractions. Nearby amenities and attractions include: Approximately 300 meters from the beach Close to Blue Bay Marine Park Easy access to Watamu town center Near luxury resorts and boutique hotels Surrounded by established holiday homes and tourist facilities Convenient access to restaurants, cafes, and shopping facilities Accessible via well-maintained roads Approximately 25 minutes from Malindi International Airport The Blue Bay neighborhood continues to attract both local and international visitors, creating strong year-round demand for accommodation and hospitality services. Property Features This impressive development has been thoughtfully planned to maximize guest comfort, operational efficiency, and investment returns. Main Improvements 16 Spacious One-Bedroom Accommodation Units 3-Bedroom Main House Situated on approximately 0.4 Acres Swimming Pool (50% Completed) Development Approximately 80% Complete Secure Compound Layout Ample Outdoor Space Mature Coastal Environment Excellent Accessibility Development Advantages Significant construction already completed Reduced development timeline Opportunity to personalize final finishes Lower capital requirement compared to starting a new project Flexible accommodation configuration The property's layout is ideal for hospitality operations, providing privacy, functionality, and a welcoming resort atmosphere. Investment Potential Few investment opportunities in Watamu combine location, scale, and value as effectively as this development. Revenue Opportunities Boutique Hotel Holiday Apartments Airbnb Complex Serviced Apartments Wellness Retreat Beach Resort Corporate Retreat Facility Long-Term Rental Accommodation Why This Investment Stands Out The tourism sector in Watamu continues to experience strong growth driven by international tourism, domestic travel, digital nomads, and increasing demand for unique accommodation experiences. Purchasing a property that is already 80% complete offers several strategic advantages: Faster route to operational income Reduced construction risk Lower development costs Immediate equity potential Opportunity for value addition through customized finishing At an asking price of only kes 22.5 Million, this property represents remarkable value considering its scale, location, and future earning capacity. Contact Mkaazi Real Estate LTD Secure this outstanding hospitality and tourism investment opportunity before completion significantly increases its market value. For viewing arrangements, investment analysis, and further details, contact: +254724568989 [email protected]
