Premium Island Plot with 150m Beach Frontage

Premium Island Plot with 150m Beach Frontage - 1
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Price Analysis Fair Price

Based on 1579 similar listings

Market Demand

High Demand

Details

Type
Commercial Land
Title
Customary Ownership
Address
Wasini Island
Land Area
10.5
Facilities
Rain Water Drainge, Electric Supply
Listing by
Owner
Access Road
Dirt Road
Property Use
Mixed
Type of Purchase
per Acre
Development Status
Cleared

Premium Island Plot with 150m Beach Frontage Highlights

  • Coastal Location Advantages: Properties on islands like Wasini offer unique lifestyle benefits, including proximity to the ocean, potential for tourism-related businesses, and a distinct island community feel.
  • Land Area Considerations: A land area of 10.5 acres provides significant space for various development possibilities, from residential projects to commercial ventures or agricultural use.
  • Essential Utilities Availability: The presence of electric supply and rain water drainage systems indicates that basic infrastructure is in place, crucial for any development or habitation.
  • Access Road Conditions: Properties accessed via dirt roads are common in developing areas. While functional, upgrades to the access road may be considered for enhanced usability and property value.
  • Mixed-Use Property Potential: Mixed-use properties can accommodate a combination of residential, commercial, or recreational activities, offering flexibility for diverse investment strategies.

Description

• Prime 10.5-acre island plot located within the Kisite-Mpunguti marine corridor, a popular destination for international tourists. • Features 150 meters of direct beach frontage, ideal for tourism-related ventures. • Customary ownership title with a dirt road access. • Property is cleared and ready for development. • Utilities include rain water drainage and electric supply. • Suitable for mixed-use property development, such as a seafood restaurant, excursion center, or marine lodge transit point. • Offers significant potential to capitalize on the area's heavy tourist traffic. • Located on Wasini Island, Pongwe/Kikoneni region.

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TypeCommercial LandCommercial LandMixed-use Land
FacilitiesRain Water Drainge, Electric Supply—Electric Supply, Water Supply
TitleCustomary OwnershipCustomary OwnershipCustomary Ownership, Letter of Allotment
AddressWasini IslandRukubiMtepeni
Land Area10.50.5—
Listing byOwner—Owner
Access RoadDirt RoadPaved RoadGravel Road
Property UseMixedCommercialMixed
Type of Purchaseper AcreOutright Priceper Acre
Development StatusCleared—Undeveloped
PriceKSh 6,500,000KSh 5,500,000KSh 7,000,000