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Large Commercial Land Plot with House for Sale

Large Commercial Land Plot with House for SaleLarge Commercial Land Plot with House for SaleLarge Commercial Land Plot with House for SaleLarge Commercial Land Plot with House for SaleLarge Commercial Land Plot with House for SaleLarge Commercial Land Plot with House for Sale

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LARGE COMMERCIAL LAND PLOT WITH HOUSE FOR SALE , TUNGUU, ZANZIBAR

Status:

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.

Ownership and Tenure:

These three houses and commercial properties have a Statutory Declaration No. 27 of 2006. Registered of Book A-3. Dated 17th day of January 2006. Issued by the Registration Office of Documents-Zanzibar.

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 bore hole. These are three bore holes, 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.

Land Value: Following instruction of market economy in Zanzibar and the amendment of various land related legislation such as the Land Tenure Act (LTA) the concept of Land value is now broaden. That land is legally considered to have got value not only to the Government but also to individual members of society. Therefore anyone who holds a Registered Right of Occupancy to any piece of Public Land can sell, leave and use it as collateral Security. Moreover the Land Tenure Act of 1992 provides legal right of Occupancy holder to sell or lease interest.

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 260,000,000.-
Staff House No.1 18,000,000.-
Staff House No.2 14,000,000.-
Shops/Commercial Buildings 12,000,000.-

SITE WORKS:-

Land Acquisition 180,000,000.-
Walls Fencing 14,000,000.-

Total 498,000,000.-

MAIN HOUSE:

General Description of the property:

It is a single storey self contained building, used as a residence.

Construction details:

Roofs are gable and monopitched type covered with corrugated iron sheets and plastic corrugated sheets on mangrove poles, treated timber and tubular bars trusses, purlins and rafters.

Ceiling is of plywood smoothly painted varnish. Some areas are not provided.

Walls are coral stone, sand and cement mortar with partition of sand cement blocks, internally plastered, painted and fitted with ceramic tiles in wet areas, externally plastered and painted while tubular pipe columns and beams applied to the kitchen fine covered with coconut rope.

Doors are of hardwood match boarded type with single and double shutters finely painted varnish. Welded metal doors fitted on sensitive area single and double leafs.
Windows are wooden casement type fitted with dead glass on top side, mosquito gauze, wire mesh and ant burglar bars on lower part. Same provided ventilation.

Floor finished with ceramic tiles throughout.

Accommodation details:

The property accommodates the followings:

3 extra large rooms, 2 bathrooms, lounge, sitting room, semi outdoor kitchen area, swimming pool, unlimited parking space, hot and cold water, electricity, generator, with or without furniture, internet, DstV, security, gardens with fruit and vegetables and all other household help is available.

1no. Self Contained bed room with WC European Type, water heater and hand wash basin.

2nos. Common bed room

1no. Common Toilet WC European type, water heater, shower trough and hand wash basin.

1no. Sitting Room

1no. Kitchen

1no. Dining Room

2nos. Open yard
Rear veranda
Passages

Schedule of areas:

On gross external floor area analysis (G.E.A) the property has an area as follows:-

Main Area 219.45sqm
Kitchen/Dining 66.39sqm
Open Yard 82.09sqm
Rear veranda 31.20sqm
Passages 12.33sqm

Total 411.46sqm

Services:

Water connected from site bore hole. Pumped to overhead storage tank of about 1000liters, installed on sand cement blocks tower.

Electricity transmitted from national grid.

Waste water system is that of septic tank to soak pit.

Condition and Comments:

The property is in good condition.

Opinion of Value.

We are of the opinion that the market value of the property is in the order of Tanzanian Shillings 260,000,000.- TSH

STAFF HOUSE No.1:

General Description of the Property:

It is a single storey self contained building; stands on west side of he main house, used for guests or staff.

Construction details:

Roof is hipped type thatched with coconut palm leave on mangrove poles.

Ceiling is of mangrove poles, earth mud and lime, smooth plastered, painted white and black.

Walls are of sand cement blocks internally plastered, painted and embedded with ceramic tiles toilet of about 2 meters high, externally rough plastered and painted.

Doors are of hard wood match boarded type with single shutters.

Windows are wooden casement type fitted with mosquito gauze, wire mesh and ant burglar bars. Some provided ventilation.

Floor finished with sand cement screeds and ceramic tiles provided in the toilet.

Accommodation Details:

The property comprises as follows:

1no. Self contained bed room WC European Type, bath trough and overhead shower.

1no. Common bed room.
Entrance veranda

Schedule of Areas:
On gross external floor area analysis (G.E.A) the property has an area as follows:

Main Area 41.70sqm
Entrance Veranda 6.50sqm
Total 48.20sqm

Services:

Water and electricity connected from site bore hole and national grid.

Waste water discharged through septic tank to soak pit.

Conditions and Comments:

The property is in a good condition.

Opinion of Value:

We are of the opinion that the market value of the property is in the order of Tanzanian Shillings 18,000,000.- TSH

STAFF HOUSE No.2:

General Description of the Property:

It is a single storey self contained building; stands on south side of the main house, used as storage and toilets/showers.

Construction Details:

Ceiling is of mangrove poles, earth, mud and lime, some area plastered, painted white and black.

Walls are of combination of coral stone, sand and lime mortar and sand cement blocks internally plastered, painted and embedded with ceramic tiles on toilet of about 2 meters high, externally rough plastered and painted.

Doors are of hardwood match boarded type with single shutters.

Windows are wooden casement type fitted with mosquito gauze, wire mesh and ant burglar bars.

Floor finish with sand cement screeds and ceramic tiles provided in the toilet.

Accommodation Details:

The property comprises:-

1no. Self contained bedroom WC European type, bath trough and over head shower.

1no. Common room.
- Entrance veranda.

Scheduled of Areas:

On gross external floor area analysis (G.E.A) the property has an area as follows:-

Main Area = 31.67sqm
Entrance Veranda = 12.96sqm

Total = 44.63sqm

Services:

Water and electricity connected from site bore holes and national grid.

Waste water discharged through septic tank to soak pit.

Condition and Comments:

The property is in fair condition, roof is collapsing.

Opinion of Value:

We are of the opinion that the market value of the property is in the order of Tanzania Shillings 14,000,000.- TSH

Please contact Daud/David +255 (0) 777 844417 info@zanzibarmagic.com
REF : 3925351

Phone : 0777 844417


davidkk

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