Senga Centre For sale

Senga Centre is registered with Title Deeds is a Business Centre
situated on the main Salima/Senga Bay road, diagnonally opposite the
Lifuwu turnoff and opposite the Parachute Battalion.

Due to changed family circumstances,  I would like to sell Senga
Centre. I have been very happy, safe and secure in Malawi since 1999
but with no family infrastructure here for me and chronic health
issues, it is time for me to retire closer to my children.

One of the main attractions of Senga Centre  is that Standard Bank has
recently built and installed an ATM on my premises which ensures that
the 80:20 ratio applies and so, the feet needed for any business
centre is ensured with this in situ.

Then, with the recent formal approval of the US$50 million Illovo
Sugar Project for the area, Senga Centre's value will increase
manifold over the next few years as Senga Centre is the ONLY Business
Centre in the entire Bay Area.  My understanding is that this project
may have been shelved for now...not sure, but this is what I have
heard.
or...
It could become a vibrant Shopping Centre as it has the potential of
deriving income from 8-10 premises...!
or...
it is ideal as a Factory Warehouse for the processing of fruit juice.
Did you know that buyers come from as far afield as Mocambique to buy
mangoes in Senga Bay...! What a wasted Business Opportunity for a
local organisation...!
Not to mention fish as a potential...even just as a Wholesaler for
distribution, Senga Centre is absolutely ideal...!
or
Processing of dried carbohydrates  in the form of potatoes and sweet
potatoes. This you would encourage local farmers to grow and you would
secure at a fixed price and process to powder form and export...! You
would need only ONE outlet to buy your product ...because do you
know...all sauces and desserts in powder form, use dried
carbohydrates...!!!!!!!! This has mind-blowing potential...!!! Please
know this...you will not be able to come even close to being able to
supply what a single factory would need...! Please google this to see
how unlimited the potential of this idea is...!
or...
My favourite idea...Packaging...! Buy wholesale products such as Mzuzu
Coffee, tea, macadamia nuts, groundnuts, rice etc.etc and export,
packaged under your own funky designer label...!
or
It is absolutely ideal for Project Work and would be wonderful as a
home for disabled people...!
or
Frozen Fish...! Nobody is doing this and it is also a mind-boggling
venture. If I were doing this, the warehouse would be where I would
process and package and one of the shops would be the retail outlet.

Senga Centre is only ten years old and with the exception of the staff
cottage and one shop, it has NEVER been occupied until the recent past
18-24 months. It is well built and secure within a high-walled
compound and features the following:

**** 3 x Shops that have a full length veranda and additional thatch
awning. Each Shop has 14 plug points...!
- 2 x shops each with its own ablution facility and large kitchen
- 1 x shop with adjoining and inter-leading apartment made up of a
bedroom, bathroom and kitchenette. The apartment could easily be
incorporated back into the house from where it was sectioned off...so
please note the house could now have an extra bedroom and full
bathroom.
- Tea Garden opening out from Shop No 1 into well-shaded, lovely and
cool area.

****House
- 3 x bedrooms (with 4th optional)
- 1 x bathroom (with 2nd optional)
- kitchen
- pantry
- lounge/dining room
- front veranda

**** Storeroom under water tank building (with electricity)

****Double garage that could easily convert to accommodation, office
or shop premises

****Warehouse 150m2 with it's own loading dock. The warehouse has
about 16 plug point and overhead fluorescent lighting.

****Staff Cottage: The cottage does not face inward into the compound
and could easily and ideally convert to provide three premises for
shops or offices or dormitories.
2 x bedrooms
1 x lounge
1 x kitchenette
1 x toilet
1 x shower room

**** Guard house

With many trees both inside the compound and in front of the building,
it is very attractive and there is also further space for building. A
Filling Station for example would be a perfect example of what could
be built at Senga Centre as it is a much-needed business in the Bay
area.

The property is listed in MIPA's (Malawi Investment Promotion Agency)
portfolio at MK47.5 million (USD316, 000). At this price it is highly
negotiable if paid in USD or SA Rands offshore.

A few months ago I closed a deal that has unfortunately just fallen
through as the Buyer did not qualify for the bank loan he applied for.
There was no problem with the valuation of Senga Centre as Standard
Bank had the property valued at MK50 million (USD333, 000).

Furthermore, I am the sole owner of Senga Centre. It is fully paid for
with Title Deeds for 66 years that commenced on the 1st November 2000
which means there is 55 years remaining. The size of the Plot No 98.
M'Dalamkwanda in Salima District is 0.3275 of a hectare. It is not
ceded as surety to any person or institution and as such would
constitute an easy sales transaction.

If you're interested email
africanprintmw@gmail.com