FOR SALE USD490,000 - Commercial, Plot/Land
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.