1-Acre Second Row Parcel in Bofa

1-Acre Second Row Parcel in Bofa - 1
1 / 5

Price Analysis Above Market

Based on 590 similar listings

Negotiation Tips

Price is significantly above market

Suggested offer: KSh 3.05M

Potential discount up to 85%

Market Demand

High Demand

Details

Type
Commercial Land
Title
Customary Ownership
Address
Bofa
Land Area
1
Facilities
Electric Supply, Water Supply
Listing by
Owner
Access Road
Paved Road
Property Use
Commercial
Type of Purchase
per Acre
Development Status
Fully Developed

1-Acre Second Row Parcel in Bofa Highlights

  • Commercial Land Potential: Commercial land is zoned for business activities, offering opportunities for retail, offices, or industrial development. Its value is often tied to location and accessibility.
  • Customary Ownership: Customary ownership in Tanzania is based on traditional land tenure systems, often recognized by local authorities. It can provide secure tenure, though formalization processes may vary.
  • Paved Road Access: Properties with paved road access generally benefit from easier transportation, reduced dust, and improved connectivity. This can enhance accessibility for customers and suppliers.
  • Essential Utilities Available: The presence of electric and water supply on a plot significantly reduces development costs and timelines. These are crucial for both commercial operations and potential future residential use.
  • Fully Developed Status: A fully developed plot indicates that basic infrastructure and possibly some initial groundwork have been completed. This can accelerate construction and operational readiness.

Description

• One acre (approximately 4,046 sqm) second-row parcel in Bofa, Kilifi. • Clean customary ownership title deed, ready for transfer. • Zoned for commercial use, suitable for various development projects. • Located directly on a paved access road, ensuring easy connectivity. • Electricity and water supply available at the property boundary. • Flat topography, ideal for construction with minimal site preparation. • Situated in a developing area with growing commercial interest. • Price per acre is KES 20,000,000.

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TypeCommercial LandResidential LandResidential Land
FacilitiesElectric Supply, Water SupplyElectric Supply, Water SupplyDomestic Sewage, Electric Supply, Rain Water Drainge, Water Supply
TitleCustomary OwnershipCustomary Ownership
AddressBofaOlkeri, NgongDaykio Bustani
Land Area110000
Listing byOwnerAgent
Access RoadPaved RoadPaved RoadPaved Road
Property UseCommercialResidentialResidential
Type of Purchaseper Acreper AcreOutright Price
Development StatusFully DevelopedPartially DevelopedUndeveloped
PriceKSh 20,000,000KSh 25,000,000KSh 15,500,000