USD 185,000 / (TZS 490,000,000) | 8,800 m² | Michamvi South
A substantial 8,800 m² land plot for sale in Michamvi South, Zanzibar, positioned in a desirable second-line coastal location and offered at a highly competitive price of approximately USD 21/m².
The property comprises 0.88 hectares and is held under a Government Land Lease, with clearly defined surveyed boundaries. Its size and location make it suitable for a private residential compound, villa development, hospitality concept or longer-term land investment, subject to the relevant planning and regulatory approvals.
Property Highlights
Land Size: 8,800 m² / 0.88 hectares
Location: Michamvi South, Zanzibar
Location Type: Second Line
Asking Price: USD 185,000
Price per m²: Approx. USD 21
Tenure: Government Land Lease
Surveyed and defined plot boundaries
Large development footprint
Suitable for residential or investment development
Located within an established tourism and hospitality area
Investment Opportunity
At USD 185,000, the property is positioned very competitively for its size and location.
Mayer & Co's current valuation framework for road and second-line land in Michamvi indicates a substantially higher market range than the present asking price, making this an attractive opportunity for a buyer seeking sizeable land close to Zanzibar's eastern coastline without paying direct beachfront pricing.
The 8,800 m² footprint provides considerable flexibility for development and allows an investor to create a lower-density private project or a more substantial commercial concept, subject to approvals.
Documentation
The property is supported by an existing Government Land Lease, and surveyed through officially defined boundary beacons.
Additional property and legal documentation can be made available to qualified prospective buyers for due diligence.
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