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Listing Ref: 555

Fabulous Fiji Entry Property in Superb Location

Fabulous Fiji Entry Property in Superb Location

Contact Agent(s)

Gordon McGregor
P: +64 9 369 9700
M: +64 21 99 88 10
gordon@resortbrokers.co.nz

Property Name: Vakaviti Resort Motel
Address: Korotogo Beach, Coral Coast, Viti Levu
Property Type: Motel
Sale Type: Freehold Going Concern
Price: NZ$750,000
Region: Fiji

 

  • 2 bedroom double level house with fantastic views

  • Freehold beachfront property
  • Close to several restaurants & Sigatoka town
  • 1 hours to Nadi and 2 hours to Suva

  • Pool with 4 self contained accommodation units
  • 2 self contained 'Bure' units (managed)

Vakaviti is a hillside property set amongst tropical gardens over looking the lagoon and reef. This free hold property is operated as a mid - budget type tourist accommodation. Built in 1970 it has become an icon of the Coral Coast.

Consisting of 2 separate titles.

Lot 1 being a two storey house. Upstairs has fantastic ocean views from the belcony. Also up stairs has 2 bed rooms and open plan dining and lounge area. Catches the sea breeze so theres not much need for A/C.

Down stairs has several rooms - bedroom, kitchen, shower, toilet. There are two other rooms. One being used as a small bar and shop and the other as the reception. Lush gardens surround the house. There is also a six bed dormitory which has been added downstairs as part of the house, with kitchen and bathroom and small deck out the back. There is also a workshop and storage area downstairs.

The 2nd Lot has 4 poolside accommodation units. These units have a queen and a single bed inside and kitchen and bathrooms in all rooms. Out from the rooms is a patio then garden then deck and then the pool. Next to the pool is a large fairly new deck with a outside shower and BBQ area which is covered by a Voi-voi thatched Fiji style roof. Next to the deck is a small car parking area.

The 3rd Lot ( SORRY - SOLD!! ) is the front section and is mainly consists of the driveway, gardens, palm & coconut trees and 2 stand alone (Bures) accommodation units. These units are also fully self contained and are slightly bigger than the poolside units with large tiled entrance and a veranda to the front. The business still manages this part of the propertry for the new owners

The property is located on Sunset Strip in Korotogo. This area is great for its convenience to Sigatoka town, near by restaurants, Shops etc. Nadi is a 1 hour drive away and Suva 2 hours.

Security is very good with good neighbours nearby to watch the place if your away, a police post a few minutes walk away and a security alarm system in the house which is linked to the police post and most of the other houses in the area are also on the system.

The area is also know for its good weather. Not to dry and not too wet. Many of the nearby residence are ex-pats that have lived here for many years and say its the best place in Fiji. And the owner thinks so too.

Zoned Residential / Tourism - which gives you many options and scope for how you want to use your property... Retirement / Home & business / Holiday Home / Tourist business / Tourist Accommodation / Bar / Cafe / Restaurant / Diving & Fishing / Boutique Resort... etc... etc...

The business is currently operating and occupancy is coming back up where it should be. All sections have great potential. The owner selling for family reasons.

The two remaining unsold lots could be sold individually or together.

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Pool and units would suit someone wanting a property investment in Fiji, while Vakaviti can manage, service and rent the property for you, while your away or all year round.

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Individual lot prices are as follows..

Lot 1 - 2 Storey House - Fantastic views - $450,000 NZD

Lot 2 - Pool & 4 Units - Great views, BBQ area - $400,000 NZD

- $750,000 NZD for Lot 1 & 2.

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Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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