Description

Distress Sale | Touching Tarmac | Power & Piped Water On Site | Clean Title

Asking Price: KSh 25 Million for 2 Acres

An exceptional opportunity to acquire 2 acres of prime coral land along Casuarina Road in Malindi, strategically positioned with direct frontage to the tarmac road.

This is a genuine distress sale opportunity, with the entire 2-acre parcel offered at KSh 25 million. Comparable plots within the surrounding neighbourhood are reportedly selling at approximately KSh 24.5 million per acre, making this property particularly attractive to investors looking to secure prime coastal land at a competitive price.

Property Highlights

Size: 2 acres
Location: Casuarina Road, Malindi
Land type: Prime coral land
Road access: Directly touching the tarmac
Electricity: Power available on site
Water: Piped water available on site
Title: Clean title deed
Price: KSh 25 million for the entire 2 acres
Sale type: Distress sale
Access: Excellent and convenient access

Why This Property Is a Great Investment

The property’s direct frontage to Casuarina Road is one of its biggest advantages. Easy access makes the land particularly suitable for developments that benefit from visibility and convenient connectivity.

The availability of power and piped water on site further reduces the infrastructure requirements for a future development, while the clean title provides buyers with greater confidence when proceeding with due diligence and acquisition.

At KSh 25 million for 2 acres, the property represents an attractive opportunity compared with the stated prevailing prices of approximately KSh 24.5 million per acre for other lots in the neighbourhood.

That means a buyer can secure a substantial 2-acre parcel at a price that offers considerable value relative to surrounding asking prices.

Ideal for Development

The size, location and accessibility make this property suitable for a range of potential developments, subject to planning and approvals.

Potential uses include:

Residential apartments
Luxury villas
Gated residential development
Boutique hotel or hospitality project
Holiday homes
Serviced apartments
Commercial-residential development
Mixed-use development
Retirement or lifestyle community
Long-term land banking

Its location along Casuarina Road also places it within one of Malindi’s established coastal residential and hospitality areas, making it an appealing option for investors targeting the area’s tourism, residential and property markets.

Key Investment Advantages

Prime Casuarina Road location: A sought-after coastal location with convenient access.

Tarmac frontage: The property touches the tarmac, providing excellent accessibility and potential development visibility.

Infrastructure already available: Power and piped water are available on site.

Large 2-acre parcel: Sufficient space for a substantial development or phased project.

Clean title: The property comes with a clean title deed, subject to the buyer’s normal due diligence.

Distress-sale pricing: Offered at KSh 25 million for the full 2 acres, creating an opportunity to acquire prime coastal land at an attractive price.

Asking Price: KSh 25 Million

Distress Sale – 2 Acres

With neighbouring properties reportedly selling at around KSh 24.5 million per acre, this 2-acre parcel offers an opportunity for a serious investor to acquire prime land at a compelling overall price.

Serious buyers are encouraged to act quickly, as distress-sale opportunities of this size and location are limited.