Land for sale
Exceptional ½ Acre with Semi-Finished Units
Prime Development Opportunity in Watamu's High-Growth Investment Corridor Presenting a rare and highly rewarding investment opportunity in the sought-after Garoda area of Watamu. Set on a spacious ½-acre freehold parcel, this property comes with five semi-finished residential units comprising one-bedroom and two-bedroom layouts, offering an excellent foundation for immediate development and future income generation. Located just 1.5 kilometers from the Turtle Bay Road tarmac, this property combines strategic positioning, substantial development potential, and exceptional value in one of Kenya's most desirable coastal destinations. Price: Kes 15.5 Million Location Highlights Situated in the rapidly developing Garoda area of Watamu, this property enjoys a strategic location within one of the Kenyan Coast's most attractive real estate markets. Garoda has become increasingly popular among investors, developers, holiday homeowners, and hospitality entrepreneurs due to its proximity to world-famous beaches, tourism infrastructure, and expanding residential developments. Location advantages include: Approximately 1.5 kilometers from Turtle Bay Road tarmac Easy access via all-weather access roads Close proximity to Watamu's renowned white sandy beaches Near major resorts, hotels, restaurants, and entertainment venues Convenient access to shopping centers and social amenities Located within an area experiencing rapid property appreciation Short drive to Watamu town and Malindi International Airport The location provides the perfect balance between privacy, tranquility, and accessibility, making it highly desirable for residential and hospitality developments. Property Features Spacious ½ Acre Parcel with Existing Developments This exceptional property offers investors the advantage of acquiring both land and existing structures, significantly reducing future development costs and timelines. Property Details: Location: Garoda, Watamu Land Size: ½ Acre Ownership: Freehold Title Deed Access: Approximately 1.5km from Turtle Bay Road Existing Development: Five Semi-Finished Residential Units Unit Mix: One-Bedroom and Two-Bedroom Configurations Flat and Development-Friendly Terrain Secure Investment Opportunity High-Potential Residential and Hospitality Location Development Possibilities The spacious parcel and existing structures create numerous opportunities for investors, including: Completion and operation of rental apartments Airbnb and holiday accommodation business Boutique guesthouse development Residential housing project Staff accommodation for hospitality businesses Retirement living development Mixed-use residential investment project With substantial groundwork already completed, investors can focus on finishing the units and generating returns within a shorter timeframe. Investment Potential This property presents an outstanding opportunity for investors seeking both immediate development value and long-term capital growth. The inclusion of five semi-finished units dramatically enhances the property's investment profile by reducing construction costs and accelerating project completion. As Watamu continues to experience increased demand for accommodation and residential developments, properties with existing structures offer a significant competitive advantage. Investment highlights include: Valuable ½-acre freehold parcel Existing semi-finished developments Reduced future construction costs Excellent rental income potential Strong Airbnb and holiday letting demand Growing tourism-driven economy Increasing property values in Watamu Multiple development and exit strategies Investors can choose to complete the units for immediate rental income or expand the project further to maximize returns. Secure This Exceptional Watamu Investment Today Opportunities to acquire a sizeable freehold parcel with existing developments in Garoda are increasingly rare. Whether you are an investor seeking rental income, a developer looking for a head start on a hospitality project, or a buyer searching for a strategic coastal asset, this property offers outstanding value and long-term growth potential. Contact Mkaazi Real Estate LTD today to schedule a site visit and explore the possibilities this remarkable investment presents. +254763568989 [email protected]
