This $1,295,000 hospitality and commercial asset on JM Nkomo Street represents a high-yield, mixed-use acquisition directly in the center of the Bulawayo Central Business District. The primary strategic advantage is the diversified revenue model. The property is not solely reliant on daily hospitality rates; it incorporates commercial office space, restaurant leasing, and retail tenancy, heavily mitigating your overall occupancy risk and stabilizing monthly cash flow.
The core hospitality component features 24 fully furnished, air-conditioned rooms. A comprehensive renovation completed in June 2024 ensures that the massive CAPEX normally required to modernize CBD buildings has already been deployed. Utility continuity—the absolute bottleneck for hospitality operations in Zimbabwe—is secured via a reliable ZESA connection and functional municipal sewer integration.
Operational leverage is maximized through multiple independent, structural revenue channels:
Retail Tenancy: A ground-floor tenant with an independent entrance, ensuring zero foot-traffic friction with high-paying hotel guests.
Commercial Offices: Five spacious, dedicated offices that can be utilized for centralized hotel administration or leased to third-party corporate tenants.
Food & Beverage: A fully fitted, leasable restaurant space. This allows an acquirer to sub-lease the F&B operations to a specialized vendor, completely eliminating the management overhead of running a kitchen while securing fixed rental income.
This is a turnkey commercial deployment for an operator or investment syndicate targeting the Bulawayo market. Contact us immediately to audit the financials, verify the operating licenses, and review the current lease agreements for the commercial tenants.
This $1,295,000 hospitality and commercial asset on JM Nkomo Street represents a high-yield, mixed-use acquisition directly in the center of the Bulawayo Central Business District. The primary strategic advantage is the diversified revenue model. The property is not solely reliant on daily hospitality rates; it incorporates commercial office space, restaurant leasing, and retail tenancy, heavily mitigating your overall occupancy risk and stabilizing monthly cash flow.
The core hospitality component features 24 fully furnished, air-conditioned rooms. A comprehensive renovation completed in June 2024 ensures that the massive CAPEX normally required to modernize CBD buildings has already been deployed. Utility continuity—the absolute bottleneck for hospitality operations in Zimbabwe—is secured via a reliable ZESA connection and functional municipal sewer integration.
Operational leverage is maximized through multiple independent, structural revenue channels:
Retail Tenancy: A ground-floor tenant with an independent entrance, ensuring zero foot-traffic friction with high-paying hotel guests.
Commercial Offices: Five spacious, dedicated offices that can be utilized for centralized hotel administration or leased to third-party corporate tenants.
Food & Beverage: A fully fitted, leasable restaurant space. This allows an acquirer to sub-lease the F&B operations to a specialized vendor, completely eliminating the management overhead of running a kitchen while securing fixed rental income.
This is a turnkey commercial deployment for an operator or investment syndicate targeting the Bulawayo market. Contact us immediately to audit the financials, verify the operating licenses, and review the current lease agreements for the commercial tenants.
The tenure, deed and zoning rules in plain language. Confirm specifics with your conveyancer before signing.
This is the highest form of property ownership. You own the land and the buildings on it outright and forever. This status is proven by a Deed of Transfer (Title Deed) registered at the Deeds Registry. You have absolute control to sell, alter, or use the property as collateral for a mortgage.
This is the gold standard of property ownership in Zimbabwe. The property is registered entirely in your name at the Deeds Registry. You have absolute control to sell, alter, or use the property as collateral for a mortgage. There are no developers or municipal authorities standing between you and your ownership rights, but you carry 100% of the responsibility for maintenance, ZESA, and municipal rates.
What you'll be on the hook for each month - providers, reliability, and the seller's existing backup setup.
Costs are estimates provided by the listing agent and may vary with usage and tariff changes.
Drawn from the Propertyzone amenity index. Distances are approximate.
Information provided by the listing agent. Propertyzone has not verified accuracy.
Our commitment: Propertyzone permits listings only from estate agents and agencies that are registered with the Estate Agents Council of Zimbabwe (EACZ). We operate in alignment with applicable Zimbabwean laws and regulations, including but not limited to Estate Agents Act and EACZ regulations, Regional, Town and Country Planning Act, Deeds Registries Act, local authority bylaws and planning requirements
Important notice:
While Propertyzone verifies that agents and agencies are duly registered with the EACZ, the platform does not currently verify individual property ownership, agent mandates from property owners, title deeds or deed numbers, municipal rates clearance certificates, approved building plans, accuracy or completeness of listing information. Accordingly, no representation or warranty either express or implied is made regarding the accuracy, legality, completeness, or reliability of any listing.
Users are solely responsible for conducting independent due diligence before entering into any property-related transaction. This includes, at a minimum verifying title deeds and ownership at the deeds registry, confirming municipal rates clearance and compliance, reviewing council approved plans and zoning, inspecting the physical property, confirming the agent's valid written mandate, seeking independent legal, financial and valuation advice.
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Found predominantly in resort towns like Victoria Falls or Kariba, or specific scenic urban nodes. These properties are legally cleared for commercial hospitality operations. They often come with strict environmental regulations to preserve the local ecosystem and aesthetic, meaning your building plans will be heavily scrutinized by both the council and environmental agencies.
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In early 2026, the Zimbabwe Tourism Authority (ZTA) mandated the compulsory registration of all designated tourist facilities, backed by nationwide police closures that began on March 1, 2026. If you buy a guesthouse, lodge, or Airbnb property that was operating "under the radar," you are acquiring an illegal, red-flagged entity.
Before deploying capital, demand the seller's current ZTA Registration and Grading Certificates. If they cannot produce them, the property requires complete statutory regularization. You must ruthlessly deduct the massive compliance, grading, and potential penalty costs from your acquisition offer.
Sellers frequently inflate occupancy rates and Average Daily Rates (ADR) to justify their valuation, while maintaining a second set of "tax accounts" for ZIMRA. Under the new Tax and Revenue Management System (TaRMS) integration, ZIMRA cross-references actual bank deposits against the mandatory 2% Tourism Levy submissions.
Demand the seller's TaRMS-generated ITF263 tax clearance and their last 24 months of Tourism Levy returns. If the declared levy submissions do not match the seller's claimed revenue valuation, they are either lying to you about their profits, or they have been defrauding ZIMRA—a massive liability that will paralyze the Deeds Office transfer when ZIMRA refuses to issue a capital gains tax clearance.
No. A liquor license in Zimbabwe attaches to the specific operator, not just the physical building. You cannot legally "inherit" the seller's liquor license; you must apply for a new one from the Liquor Licensing Board. This bureaucratic process typically takes 2 to 4 months, during which you cannot legally sell alcohol—factor this revenue blackout into your initial cash flow projections.
Conversely, under the new SI 56 of 2026 Tourism Collective Bargaining Agreement, you do legally inherit all existing staff on their exact current contracts. You must audit accrued leave, NSSA contributions, and NEC dues prior to purchase, deducting any arrears from the seller's asking price.
Do not treat generators and boreholes as "backup" infrastructure; in Zimbabwe's hospitality sector, they are your primary utilities. Your technical audit must confirm the exact KVA output of the diesel generators, the condition of the solar lithium battery banks, and the certified yield of the boreholes.
If a 15-room lodge relies entirely on municipal water or lacks an automatic transfer switch (ATS) for seamless power integration, it is operationally unviable. A lodge that loses power or runs dry during peak season generates negative reviews that permanently destroy occupancy rates. Deduct the $20,000+ required to install commercial-grade utility sovereignty directly from the asking price.
The only secure, bankable form of ownership in Zimbabwe is a registered Deed of Transfer (or Deed of Grant) recorded at the Deeds Office. However, the regulatory landscape has recently shifted. Under Statutory Instrument (SI) 76 of 2025, all traditional paper title deeds are undergoing a compulsory digital validation process. Before purchasing, your conveyancer must now verify that the seller’s paper deed has been validated or converted to a secure digital deed to prevent forged-document fraud.
The Cession Trap: Many new cluster developments and high-density stands are sold under "Cession." This means the developer or local council holds the master Title Deed, and you only own a contractual right to the property. You do not own the land. If the developer goes bankrupt or used the master deed as collateral for a bank loan that defaults, your property is at risk. Never buy a high-value property on cession without a conveyancer reviewing the developer's master title and subdivision permits.
Under the Regional, Town and Country Planning Act, a property’s zoning dictates its maximum yield, but the real market value is driven by commercial conversion potential and densification.
Commercial Conversions: Suburbs bordering the CBD (such as Eastlea, Milton Park, and Belvedere) command massive premiums because residential properties are being converted to commercial offices. However, operating a business on a residentially zoned stand without applying for "Special Consent" or a formal rezoning permit from the City of Harare is illegal. The council can issue enforcement orders forcing you to shut down. Do not pay a "commercial premium" for a residential property unless the agent can provide the approved commercial use permit.
Cluster Densification: In northern suburbs (Borrowdale, Highlands), large low-density stands are being bought for cluster housing. A seller cannot simply carve off a piece of their garden and sell it to you. A legal subdivision requires a Dispensation Certificate and a Certificate of Registered Title. If you buy an "unapproved subdivision," you will not be able to get a Title Deed or build legally.
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