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10 Acre Developed Commercial Plot For Sale or For Rent in Mfuwe, Eastern, Zambia
Commercial Development Opportunity With Existing Structures
Asking Price: $350,000 USD
Rent It For: $2,000 USD per month (Negotiable)
LOT1640M is, we believe, one of only two properties in Mkhanya Chiefdom with 99YR Title. Our Chief has traditionally been reluctant to give letters of permission for Title despite the fact that many years ago the area around the airport was identified as the future CBD; being close enough to the tourism hub to provide all supporting infrastructure without incursion on the wildlife habitat which attracts commerce to the area and being ideally positioned to be the bread basket for agricultural produce for the growing population in Malambo. With the tarmac road between Mfuwe and Chipata the site is barely 1 hours from Chipata and only 30 minutes from Mambwe, the Council seat, which itself has little or no infrastructure (fuel stations, commodity collection points, wholesale and retail outlets etc). A new regional hospital is about to be commissioned some 15 minutes from the site and plans have been in place for some time to upgrade Mfuwe International Airport.
We have owned the property for more than 20 years and until 3 years ago ran, under Safrica Adventures, a successful Textile business (Tribal Textiles) hand painting designer fabrics, manufacturing soft furnishings from these and selling them both locally to lodges and tourists and exporting worldwide. At its peak the company employed over 150 Zambians. The trading company and all movable assets were sold in 2019 in a management buy-out and have moved to other rental premises.
The plot is now vacant and remains in good condition with all fixed assets intact. There are numerous offices, two large staff houses and storage buildings plus three large open sided sheds which could easily be converted to large storage or commercial buildings (supermarkets, commodity storage, hardware outlets etc). 3 Phase Zesco and a borehole are in place and the property is fenced with some 100m of road frontage making it ideal for a filling station or retail mall, NGO Project HQ or Light Manufacturing project. The site has had commercial and manufacturing Council Licences throughout its history.
NOTE: The Property is on good Leasehold Title (there is no Freehold Title in Zambia) on a 99 year Lease from July 1st 2003, with the usual rights of renewal for the Leaseholder (Zambian Property Law being essentially the same as UK Property Law)
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| Simon Robert Jake da Motta |
|Phone: || || +260 977 897779|
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