Nestled on alpine terrain adjacent to Kashmir Heights, a rare slice of large residential tracts that straddle Lautoka City’s central business district has been listed on the market by Raine & Horne.
The private development boasts 10 acres of prized, residential dwellings with coveted panoramic views that sweep in the surrounding Abaca mountains, the city waterfront, and the colourful smattering of neighbouring housing and business areas below.
With access via MN Naidu Rd, the site holds fort between the residential wards of Kashmir Heights and Field Fourty, next to the Kalacraft subdivision.
“This is a developer’s dream handed on a silver platter, offering savvy investors a rare opportunity to develop on prime land,” noted Raine & Horne Director Sanjay Krishna.
“The land can be sub-divided into 60 residential lots with secure longevity of a 99-year lease titles from the I Taukei Land Trust Board.”
He added that in the face of housing shortage driven by rising consumer demand, these acres were an ample provision for future residential property hunters to construct and settle into their dream homes.
“This is the only development land in Lautoka’s CBD which has the best, unobstructed and sweeping panoramic views of the Lautoka city area, sea and the mountains.”
Raine & Horne also noted that the site’s location provided creative architectural opportunities, with great vantage points and landscaping to consider in what would be a perfect setting for an exclusive neighbourhood that still retained expedient proximity to the CBD and major recreational facilities.
“The topography and views here provide a great foundation for a select and private residential neighbourhood and this is arguably the best spot in town to build a dream home.”
In Nadi, where overwhelming housing demands also abound, Raine & Horne has also listed a fairly new block of executive, residential units at Gounder Rd in Martintar.
Construction was completed in 2016, and of three-bedroom and two-bedroom flats with full furnishings, air-conditioning, security and allocated parking spaces.
“The property is Freehold and covers an acreage of 731sqm,” Krishna said, adding that it was a speedy 2-minute drive from Nadi’s CBD and seven minutes to the Nadi International Airport.
“There are a mix of casual and fine-dining restaurants, hotels, a supermarket, cinema, pharmacy, nightclubs and other amenities within a 200-metre radius of this property, with Wailoaloa Beach also within walking distance.”
Maximizing the rental market, the property’s units rake in collective returns of $132,000 per annum.
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