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14.15 acres of land for sale in Masindi 36m

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14.15 acres of land for sale in Masindi 36m

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14.15 acres of land for sale in Masindi 36m

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14.15 acres of land for sale in Masindi 36m

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This is 14.15 Acres of land for sale in Nenwa Estate, Kichandi, Bujenje, Masindi is located approximately 211
kilometers North West of the Kampala along the main Masindi Road and a further approximately 14 kilometers from Masindi Town centre. The immediate neighborhood is dominated by a low density area of modest homesteads scattered amidst small holder Sugar cane and crop plantations and vast open areas and a School. The property comprises old dilapidated Factory buildings of insignificant use and surrounding land.
Mains single-phase power is in the neighborhood though the connection to the property has long since been disconnected or in disuse. Water supply is from local sources.

Overall the buildings are old and dilapidated having been vandalised beyond repair and are therefore of insignificant value. However with the reliable rainfall and being of dark fertile soils, the surrounding land is fertile and therefore suitable for any small scale crop farming as evidence by the sugar cane outgrowers for Kinyara Sugar Works. Masindi Town has experienced a gradual growth in recent years into a busy commercial centre based mainly on the basis of its main Industry, the Kinyara Sugar works. However as demand is limited to those with sentimental and other local attachment to the area, such rural property generally have lower forced sale values than those around Kampala and other busy urban centres, around 55% market value. Although there are no specific sales comparables, general market evidence shows that local land values are currently in
the region of Shs 1 million an acre.

Area: Approximately 5.726 Ha (14.150 acres)

Town Planning: Not zoned for any specific use. There are no restrictive covenants.

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