Excellent opportunity to invest in your own Commercial Property in the heart of Nadi Town.
A feature of this commercial investment property for sale is the potential holding income (upon reconstruction of s burnt structure), providing the possibility for an astute commercial property investor to secure the property on a as is basis.
Investing in this size of commercial real estate in the heart of the Nadi CBD doesn't come along often.
Be quick and check out this unique opportunity before one of your quick thinking competitors beats you to secure it.
The property benefits from being located in the Main Street Centre with an enormous amount of passing foot and vehicle traffic.
This property has high visibility and easy access and potential for additional floors up to certain required levels subject to approvals from Town & Planning authorities.
Location/Locality
The subject property is located on the Temple-end of the Town, on the eastern side of the main street, being the fourth section from the Nadi Back Road/Queens Road junction and in close proximity to the newly constructed FNPF Plaza and Vinod Patel Hardware.
Description of Improvements
Three (3) levels burnt commercial structure.
Land Description
The property is a State Leasehold, legally described as Allotment 10 on Deposited Plan No. 2630, in the Town of Nadi, Island of Viti Levu and registered at the Titles Officer under Crown Lease No. 9591.
A rectangular shaped block with a total frontage of approximately 16.76 meters and even depths of 40.65 meters. There is a 2.0 meters wide drainage reserve along the rear boundary.
Total land area is 680sqm
Lease Details
The land has been leased “Crown Land” for a term of 99 years from 1ST January, 1979 at an annual ground rental of approximately $6,000.00. The ground rental under the lease is subject to reassessment at every 10TH year of the term in accordance with the conditions of the lease and the provisions under State Land (Leases and Licences) regulations Cap. 132.
For Sale by Tender Closing 3.00pm, 20TH October, 2023 (unless sold prior).
