Investment Land 288 sqm at Sinza Vatican

Investment Land 288 sqm at Sinza Vatican - 1
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Price Analysis Above Market

Based on 11 similar listings

Similar items: TSh 2M - TSh 28M

Negotiation Tips

Price is significantly above market

Suggested offer: TSh 5.5M

Potential discount up to 98%

Market Demand

Low Demand

Low demand - may take longer to sell

Details

Type
Residential Land
Title
Certificate of Customary Right of Occupancy
Address
Sinza Vatcan
Agent Fee
TSh 27,000,000
Legal Fee
TSh 27,000,000
Listing by
Agent
Survey Fee
TSh 50,000
Access Road
Paved Road
Property Use
Mixed
Square meters
288 sqm
Service Charge
true
Development Fee
TSh 50,000
Type of Purchase
Outright Price
Development Status
Cleared

Investment Land 288 sqm at Sinza Vatican Highlights

  • Prime Location in Sinza Vatcan: Sinza Vatcan is a well-established and developing area, known for its accessibility and growing infrastructure. It offers a blend of residential and commercial opportunities, making it a desirable location for investment.
  • Residential Land for Development: This is a plot of land designated for residential use, offering a blank canvas for building a home or multiple units. The cleared status indicates it's ready for immediate construction planning.
  • Certificate of Customary Right of Occupa: A Certificate of Customary Right of Occupancy (CCRO) is a legal document that grants the holder the right to occupy and use land. It is a recognized form of land tenure in many regions.
  • Paved Road Access: Properties with paved road access are easier to reach and offer better connectivity. This ensures convenient transportation for residents and deliveries, and often indicates a more developed neighborhood.
  • Compact Plot Size: A plot of 288 square meters is a manageable size, suitable for building a single-family home or a compact multi-unit dwelling. It allows for efficient use of space while potentially reducing maintenance.

Description

• 288 sqm residential plot in Sinza Vatican, ideal for guest house or hostel development. • Proximity to schools and Aruc Square event halls. • Clean Certificate of Customary Right of Occupancy (CCRO) title deed. • Paved road access and cleared development status. • Current tenants provide rental income of TZS 900,000 per month. • Mixed-use property, suitable for residential or commercial ventures.

Compare

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TypeResidential LandFarmlandResidential Land
TitleCertificate of Customary Right of OccupancyCertificate of Occupancy, Government Lease, Right of Occupancy—
AddressSinza VatcanKiboje central ZanzibarMsisiri
Agent FeeTSh 27,000,000——
Legal FeeTSh 27,000,000——
Listing byAgent——
Survey FeeTSh 50,000—TSh 30,000
Access RoadPaved RoadUnpaved Road—
Property UseMixedMixedResidential
Square meters288 sqm40,000 sqm326 sqm
Service Chargetrue—true
Development FeeTSh 50,000——
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusClearedFully Developed—
PriceTSh 260,000,000TSh 330,000,000TSh 300,000,000