Bula! Rare Fijian beach frontage expected to fetch close to $12 million
- A unique parcel of 50 acres of rare Fiji beach frontage is attracting Fijian and overseas investor interest
- The property offers 500 metres of beach access and is zoned for residential and tourism developments – it has approval for a 250 room hotel or resort
- The property is fully serviced with water, power and telephone utilities
- More airlines from Asia are flying into Fiji bringing a new wave of tourists to the Melanesian islands
A substantial 50 acres of tightly-held freehold water frontage, located on Fiji’s exclusive Wailoaloa Beach, 10 minutes from Nadi International Airport, is expected to fetch $US10 million ($AUD11.68 million)**.
“The 50 acres of rare waterfront is located on Wailoaloa Road, Nadi, and is a combination of two 25-acre properties,” says selling agent, Adam Yared from Raine & Horne Fiji.
“This is a unique opportunity for an investor or developer as the two waterfront properties offer a combined 500 metres of beachfront access to the stunning Wailoaloa Beach, and represent the only freehold properties still available within minutes of Nadi International Airport.
“A 250 room hotel or resort complex is already approved for this location.”
Apart from access to the Nadi town centre, Mr Yared confirms that the properties are fully-serviced with water, electricity and telephone connections.
“The properties are zoned for either residential or tourism developments, so we expect them to appeal to developers with expertise in tourism, resort or marina facilities,” says Mr Yared.
“To date, there has been some interest from local buyers with connections offshore, as well as some Asian-based investors.”
Mr Yared believes there is still scope for further resort developments near Nadi.
“The major international hotel chains have a presence in the local tourism market, however there is still room for more five-star resorts as interest in Fiji as a holiday destination expands into new markets,” says Mr Yared.
“More airlines, for example, are adding Fiji to their itineraries, with Air Pacific, Virgin, Jetstar, and Air Korea landing at Nadi regularly.”
Despite a spike in Asian holidaymakers visiting Fiji, Mr Yared confirms the local hospitality sector is not resting on its laurels.
“Plans are afoot to provide improved shopping experiences and other hospitality options that will attract a bigger slice of the growing Chinese tourism market,” he said.
For further media information contact:
Adam Yared, Raine & Horne Fiji on +679 9700952 or +61 403 155505
Andrew Harrington, National Communications Manager, Raine & Horne on +612 9258 5400
** http://www.xe.com (based on currency exchange rates 7/11/14)