Commercial for SALE in Malindi - Mombasa Properties by KRUSS Kenya /

1122 acres oceanfront salt farm for sale in Malindi/Gongoni

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1122 acres oceanfront salt farm for sale in Malindi/Gongoni
(Mombasa, Kenya Real Estate)

1122 acres oceanfront salt farm for sale in Malindi/Gongoni
Property ID:347
 Property location  Malindi
 Property type  Commercial for SALE
 Current status  SOLD
 Bedrooms  
 Furniture  no
 Swimming pool  no 
 Beach/Sea view  yes 
 Power Backup  
 Type of compound  
 Built area  
 Plot area  1122 acres
 Free or leasehold  Leasehold title available
 Guiding price $180,000,000 Kshs
 Date of latest update  6/6/2015


1122 acres Beach land suitable for salt farming in Kenya, Malindi/Gongoni for sale.
LEASE HOLD TERM 99 YEARS from 01.08.98

Subject: GONGONI SALT FARM REPORT-KILIFI COUNTY-MAGARINI
The land is 35km from Malindi town.It is among the 6 salt farms. It is the only farm that is undeveloped so far.In that area we have Kaysalt, Malindi Salt, KEM and Mombasa salt.The farm has 3 blocks, the one on offer is 1122 acres and the other 2 blocks have 1878 acres to make a total of 3000 acres but the one on sale is the one with 1122 acres though the rest can be negotiated for and bought out too.
The 1122 acres farm has the only river inlet that actually brings the sea water into the salt making pans or dykes to all the other farms.Of the 1122 acres over 400 acres is good raised land and the balance consists of heavy mangrove trees.This land can have a dual usage-for a salt farm or factory and a resort center because of the raised land.

Its main selling points are:
1.Has the only seawater inlet river
2.Connects to the proposed Ngomeni port
3.Connects to the Malindi marine reserve
4.Connects to the proposed natural gas front zone
5.Has a multi-use possibility-salt and resort business development
6.As a local investor-can easily secure the support of the County Government
7.Long-term investment-the sea-water-never dries-its a natural resource that is ever available
8.Cheap-manual labor requirements

Ways forward:
1.To look for a salt manufacturer investor and have a JV
2.Come up with a different ownership model-a model that brings on board the locals(through a coop society-which all farms around do not do)
3.Buy it outright and develop it-removing the mangrove trees,doing the dykes and basic land preparation and of course source for the salt crushing plant


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KRUSS Properties Kenya is marketing company specialized in Real Estate and related fields. Affiliate of KRUSS United Brands Ltd operating in Kenya, Russia and Uzbekistan. All details are provided as guidelines and do not create public offer. Clients are to verify the details prior to any payments.


SM: 1 | Country: Kenya | Farm

; SA: False

Tel: +254732936431,+254 41 2003 690 | Email: info@kruss-ltd.com | Website: http://kruss-ltd.com