Call Agent - Amazing resort opportunity 104 freehold acres of waterfont land

BUA BUA BAY, Bua, Northern

Ella Robson
0413329250

Amazing resort opportunity 104 freehold acres of waterfont land

$2,500,000

Land

BUA BUA BAY, Bua, Northern

**Offers invited over $1,500,000 USD.
104 Acres of freehold waterfront land.
*The western end of Vanua Levu is undeveloped and is likely to be one of the next major areas for development in tourism, agriculture and residential. The Fiji government has launched its ‘Look North Policy’, which includes a tax-free incentive zone for Vanua Levu and the development of the Dreketi to Nabouwalu Road – a FJD$228m project – now completed* (The Hotel Conversation, 2018).
This parcel of Land can be purchased as a House allotment as there is a pre-existing dwelling on the land that can be renovated.
As such you will may then avoid the 2-year mandatory requirement to develop the land once purchased. We took advantage of this technicality when we purchased the land.
Nestled in Bua Bay; a bay renowned as a safe haven in bad weather; sits 104 pristine acres of freehold land ideal for a private retreat tourism development or your own private getaway.
Adjacent to the back boundary of the property is an old runway which has the potential of being re-opened. The right investor would reopen (or purchase the land from the government) the airstrip and gain the lease (30 years or more) over the strip for their compensation of the reopening costs. This will give the developer sole usage rights and then the ability to have a secondary income from the airstrip as this end of the Island would find it of great importance and has a great need for runway access.
The property also features 12 acres of harvestable pine forest that blocks out the airstrip, 14 acres of coconut palms and a natural spring water, possibly 3 natural springs.
The property has an elevated position and the slightly undulating terrain makes it perfect for a variety of architectural & commercial buildings with expansive & commanding water views from nearly all directions.
Bua is located on the second largest island of Fiji called Vanua Levu.
Vanua Levu is fast developing with the opening of Bauxite mining and it also has a successful logging trade.
Bua is one of fourteen provinces of Fiji & is located in the west of the northern island of Vanua Levu. It is one of three Northern provinces and has a land area of 1,379 square kilometers.
There are daily flights from Nadi and Suva to either Labasa or Savusavu (& hire car is available) or you can also catch the inter-island car ferry to either Nabouwalu or Savusavu. The vendors chose this land well.
They recognized its future development potential as a site with both marina & airpark access in mind.
- Ocean View
- Ocean Waterfront
- Over 1km Of Water Frontage.
- Freehold Land With Little Shack.
- Deep Water Frontage Is Ideal For Future Marina Developments
- Along Back Boundary Is An Old Runway Which Has The Potential Of Being Re-Opened - 12 Acres Of Harvestable Pine Forest That Blocks Out The Airstrip
- 14 Acres Of Coconut Palms
- Natural Spring Water, Possibly 3 Natural Springs On Land
- Elevated Position And The Slightly Undulating Terrain
- Vanua Levu Is Fast Developing With The Opening Of Bauxite Mining And It Also Has A Successful Logging Trade
- Bua Is One Of Fourteen Provinces Of Fiji & Is Located In The West Of The Northern Island Of Vanua Levu.
- There Are Daily Flights From Nadi And Suva To Either Labasa Or Savusavu (& Hire Car Is Available) Or You Can Also Catch The Inter-Island Ferry To Either Nabouwalu Or Savusavu
- The Vendors Chose This Land Well As A Future Protected Development Site With Both Marina & Airpark Access In Mind
- In 2008 The Owners Had Brokered A Deal For $13M Usd With A Us Consortium, Only To Have The Gfc Stop The SALE.(THEY Had Planed To Develop The Site Into An Airpark/Villa/Marina Resort.

Property Information

  • Property Type: Land
  • Property ID: 13439
  • Price: $2,500,000
  • Title: freehold

Property Features

  • Close to Parklands
  • Close to Shops
  • Beach/Coastal Property
  • Near Waterfront
  • Views
  • Absolute Waterfront

Ella Robson

0413329250 SHOW

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Property Price

$2500000

Deposit

$250000

Rate (APR)

4.5%

Term

20 years

Repayment $500 / week

Ella Robson

0413329250 SHOW

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BUA BUA BAY, Bua, Northern

Amazing resort opportunity 104 freehold acres of waterfont land

Ella Robson

0413329250 SHOW

Keep me updated with real estate news

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