For Sale By Declared Reserve Tender.
An unbelievable opportunity to acquire an approximately 50 acre site comprising an existing 200 room hotel and event center, plus bare land for future development.
This calibre of offering is rare in the marketplace and presents opportunities that are many and varied.
The property is strategically located off the Nadi Back Road, Fiji.
- There are 2 substantial developments onsite, a hotel and an incomplete Mall.
- The two developments were initiated in 2006 and remain incomplete.
- The hotel offers 160 single rooms, 16 interconnecting rooms and 8 deluxe rooms. Almost half of these rooms have been closed while the remainder have been recommissioned.
- The damaged structure on the land adjacent to the hotel was intended to be an integrated commercial development planned to offer a shopping mall with 236 shops and restaurant with 30 food outlets, a medical centre, an entertainment centre offering 4 theatres, 4 supermarkets and office spaces.
- The northern part of the property was planned to accommodate a water theme park with 1,800 square metres of wave pool, 7 water thrills and a 400 metres lazy river ride that was planned to loop into the shopping mall.
It is being offered on behalf of the very motivated Vendor.
Declared Reserve F$42m
Supporting valuation F$84m
Call now to arrange an inspection. You be the judge.
For Sale by Tender Closing 4pm, 13TH July, 2023 (unless sold prior).
