Commercial Plot in Loitoktok

Commercial Plot in Loitoktok - 1
1 / 5

Price Analysis Good Price

Based on 590 similar listings

Market Demand

High Demand

Details

Type
Commercial Land
Title
Customary Ownership
Address
Ltk
Land Area
0.5
Facilities
Electric Supply
Listing by
Agent
Access Road
Dirt Road
Property Use
Commercial
Type of Purchase
Outright Price
Development Status
Fully Developed

Commercial Plot in Loitoktok Highlights

  • Commercial Land Use: Commercial land is zoned for business activities, offering opportunities for shops, offices, or industrial facilities. Its value is often tied to its location and potential for economic development.
  • Customary Ownership: Customary land ownership in Tanzania is based on traditional laws and practices. While legally recognized, it may involve different transfer processes compared to statutory land titles.
  • Electricity Access: Availability of electric supply is a crucial utility for any developed plot, especially for commercial use. It enables lighting, machinery operation, and various business activities.
  • Dirt Road Access: Plots accessed by dirt roads are common in developing areas. While functional, they may require more maintenance and can be less accessible during heavy rains compared to paved roads.
  • Fully Developed Status: A fully developed plot typically means that basic infrastructure like access roads and utilities are in place. This reduces initial development costs and time for the buyer.

Description

• 0.5 acre (approximately 2,023 sqm) commercial plot in Loitoktok town. • Customary ownership title, ready for transfer. • Zoned for commercial use, suitable for various business developments. • Located on a dirt road, providing direct access to the property. • Electric supply available at the site, facilitating development. • Fully developed area with existing infrastructure. • Priced at KES 3,000,000 for outright purchase.

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TypeCommercial LandMixed-use LandMixed-use Land
FacilitiesElectric SupplyCar Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply
TitleCustomary OwnershipCustomary Ownership
AddressLtk74Kantafu- Kdo Road
Land Area0.52
Listing byAgentAgent
Access RoadDirt RoadPaved Road
Property UseCommercialMixedMixed
Type of PurchaseOutright PriceOutright Priceper Acre
Development StatusFully DevelopedUndeveloped
PriceKSh 3,000,000KSh 3,800,000KSh 2,700,000