Matemwe, Northern Region Zanzibar

For Sale $490,000
Property Details

Matemwe, Northern Region Zanzibar

Commercial
For Sale $490,000
Description

Commercial Seafront Plot For Sale

- Matemwe Northern Region

Commercial Seafront Plot For Sale

This commercial seafront plot for sale located in a thriving tourist area of Matemwe village in the north-eastern region of Zanzibar. It is known for its unspoiled white beaches and ideal for an exclusive holiday destination. Matemwe´s economy is based on seaweed farming and fishing. This vast land is total 32,591 sqm and 118 sqm of the seafront. It bases on the topographic of a 15% coral slope with masonry wall covering the perimeter of the property.

It’s only 2.55 km from the most famous Private Island known as Mnemba. (Rumored to be owned by Bill Gates) Mnemba Island is popular for scuba diving and snorkeling site, with a wide variety of corals and associated species, coupled with occasional sightings of larger species such as turtles and dolphins.

Investment in the area is sure to give an amazing ROI in the coming years with numerous luxury developments and resorts in the planning stages, such as the USD 1bn development known as Amber Resort about 2.7 km North of the plot.

Only 1-hour drive from Stone Town and 40-minutes to Nungwi.

 

Property Features
Commercial
James P.
Owner Broker
+255 778 991 100
James our Broker Agent and Team Leader at the RE/MAX Omela, Zanzibar branch. A South African/American native and certified graduate of the Barney Flecter School of Real Estate Principals (USA) and Witswaterrand Business School (South Africa), James is passionate about educating buyers and sellers on the real estate process and committed to educating, mentoring and supporting other entrepreneurs. His ability to adapt and transform in different environments and cultures is evident in the time spent working abroad from the United States, to Colombia and South Africa. He has played significant roles in Urban Renewal and African government departments, where he was a committee member for the Department of Human Settlements in South Africa, and most recently he lobbied with the Zanzibar Land Development Corporation for the implementation of the Zanzibar Condominium Act, 2010 with allows 100% foreign ownership of condominiums. Through his accomplishments in commercial real estate, James notably brings his over 25 years of international experience to his effective performance in building long-lasting client relationships backed by unmatched enthusiasm. James is fluent in English, conversational Spanish and a beginner of Russian and Swahili
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