Large Residential Commercial Property , Zanzibar

About the product
Description
A 150 meters long plot by 80/30 meters in width is for sale, indigenous trees and planted trees are plentiful. Residential and commercial setup is possible.

Location and Locality: The property is located at Tunguu in Central District of Zanzibar on northern side about 100 meters off the main road to Bungi immediately after the Parliament block office. These houses are situated on south side close with the Tunguu Botanic Resort, Taarab Square, walking distance from SUZA, the State University of Zanzibar and the Vice Presidents offices and residences. Also in the vicinity is the Regional Commissioners officers, Regional Immigration Headquarters, this is the new up and coming city of Zanzibar.

Plot and Site Works:
The plot is almost rectangular in shape and flat leveled some area bounded by walls fence of coral stone, sand and cement mortar of about 2 meters height.

Services:
The services included on the site are:-

Water:
It is connected from Tunguu Botanic borehole. These are three boreholes, two are in use while one is not in use, on top they are covered with welded metal doors.

Electricity:
One phase and three phase separate meters line connected to the national grid.

Sewerage System:
Waste water discharged through septic tank to soak pit system provided to each building.

Executive Summary:
The properties were valued based on appropriate and International accepted method, having considered all factors affecting property value on Zanzibar.

We are of the opinion that the current replacement/market value are summarized as follows:-

ASSETS:
Main House $200,000.- USD
Staff House No.1 $15,000.- USD
Staff House No.2 $14,000.- USD
Shops/Commercial Buildings $10,000.- USD

SITE WORKS:-
Land Acquisition $150,000.- USD
Walls Fencing $12,000.- USD

Total $401,000.- USD Negotiable
Price
401,000
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