Carrum Downs, Victoria
Wavi Island, Fiji - 1P5235M
Long Term Leasehold $2,000,000
Business Description
Expressions of Interest are sought from experienced accommodation business operators for sale of a long term leasehold interest in Lot 21 Wavi Island Fiji, being a 1.47 hectare lagoon water front site.
Wavi Island comprises a 22 lots and is accessed from the mainland by a fully constructed over the Water Bridge and roadway.
Improvements currently built on the subject lot 21 include a substantial guest arrival pavilion and lounge, guest amenities with showers and toilets, pool bar, kitchen (not fitted out), gym with change rooms, tennis courts, generator shed and more.
The owner / developer will construct 10 new 1 bedroom Bures, the guest swimming pool and complete the commercial kitchen fit out.
A new 5 year lease with 5 additional option terms each of 5 years (30 years in total)
Expressions of Interest are sought from experienced accommodation business operators for sale of a long term leasehold interest in Lot 21 Wavi Island Fiji, being a 1.47 hectare lagoon water front site.
Kevin Connolly ----------
Business Summary
Other Features / Notes
A:LEASEHOLD, B:MOTEL, B:OTHER OPPORTUNITY
Key Investment Insights
1. Long term leasehold interest in a 1.47 hectare lagoon water front site on Wavi Island, Fiji is for sale.
2. Wavi Island is a 22 lot development with a fully constructed over the water bridge and roadway for access.
3. Lot 21 includes a substantial guest arrival pavilion and lounge, guest amenities, pool bar, kitchen, gym, tennis courts, and more.
4. The owner/developer will construct 10 new 1 bedroom Bures, a guest swimming pool, and complete the commercial kitchen fit out.
5. The lease includes a new 5 year term with 5 additional options of 5 years each, totaling 30 years.
6. Expressions of Interest are sought from experienced accommodation business operators.
7. The property is currently zoned as leasehold and has potential for use as a motel or other opportunity.
8. The location on Wavi Island offers a unique and picturesque setting for a hospitality business.
9. The existing amenities and planned improvements make this property an attractive investment opportunity.
10. Fiji's growing tourism industry and popularity as a vacation destination make this a promising business venture.