Freehold 240Ac Peninsula, Shrimp Farm, S/Divn Pot. for Sale in Naitata Rd., Navua, Serua, Fiji

Freehold Peninsula 240Ac, Subdivision Potential, Shrimp Farm

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Fiji

Situated in the hub of the Pacific Ocean, Fiji is rapidly becoming a sought-after safe haven from the troubles of the world. The group comprises three main islands, with some 300 other islands to discover and explore. The current military government is quietly working towards a Constitution acceptable to all, and return to democratic elections. The economy is building with confidence. Investors from all over the world are starting to see the opportunities available, with private sector-driven Government policies, and investment incentives. Fiji remains one of the safest countries in the world. Tourism is a major sector, and the expansion of infrastructure will ensure continuity of growth. The recent 20% devaluation of the currency is a major stimulus to foreign investment.

The Region

Navua is a small rural town situated on the Navua River, about 40 minutes from the capital city of Suva, 10 minutes from Pacific Harbour, and two hours from the international airport at Nadi. Services provided include post office, police station, supermarkets, hardware stores, sports arenas, provincial government offices, hospital and court house. Navua services a regional population of approximately 10,000. The hinterland is flat, rich delta country, with an extensive irrigation scheme, rising to the magnificent Namosi and Serua Ranges. The waterfalls, rainforest and dramatic rock sculptures are breathtaking. Tour companies operate whitewater rafting, kayaking, and cultural village expeditions in this region. Pacific Harbour has been described as the Adventure Capital of Fiji. The holiday/retirement residential centre boasts an international resort hotel, a Trent Jones Jr designed 18-hole championship golf course, restaurants, shops, supermarket, cultural centre and museum, post office and police post. Pacific Harbour is the base for activities such as whitewater expeditions, scuba diving trips, game fishing charters, and rainforest trekking.

The Property

The property is just 3 kilometres from Navua Town, on tar-sealed road. Three-phase electricity, water and telephone (with Broadband internet) are all connected.

The land comprises 240 acres of freehold land, surrounded on 3 sides by the Navua River and the Pacific Ocean. Fiji has the only freehold land in the South Pacific, and this represents only 7% of total Fiji land. This is an opportunity to acquire a unique parcel of such freehold property. Navua River frontage is 1800 metres, while Beqa Passage frontage, with beachfront, is 1200 metres.

The reef, just offshore, is the gateway to Beqa Lagoon, acknowledged as one of the 5 top dive sites in the world. Game fishing abounds offshore, with mahi-mahi, wahoo, yellowfin tuna, sailfish and the great black and striped marlin landed regularly. The Navua River provides safe anchorage and mooring for vessels of all types.

Approximately 150 acres of the property is virgin bush, with estuarine vegetation, which supports a rich breeding environment for marine life, unspoiled by pollution, and supplied by pristine seawater.

The Subdivision

Subdivision of water frontage has huge potential, and the Scheme Plan will be granted approval from Town and Country Planning, the responsible Authority. It is estimated that 1/2 acre waterfront blocks will sell for US$ 50,000 each.

The proposed subdivision comprises 100 residential lots, in 4 Sections.

The Offer

The subdivisional potential alone justifies the asking price. The shrimp farming operation, currently suspended due to post-larvae supply constraints, would provide a revenue stream in excess of USD 1.4 million p.a., when developed to its potential. However, sound shrimp management and hatchery skills, and capital injection of approx. USD 150,000 would be required to achieve this potential.

The owners are retiring, after 21 years of operation.

A unique parcel of 240 acres of freehold beach- and river-frontage is offered for sale, with the significant feature that, comprising the entire peninsula, the property is already effectively "gated".

Price: US$ 3 million

Expressions of interest should be directed to:

James Tilbury
Managing Director
Navua Holdings Ltd.

Phone: (679) 3460825
Fax: (679) 3460323
Mobile: (679) 9959137

Solicitors:
Sherani & Co
Harifam Centre
Suva

Accountants:
Ernst & Young
Pacific House
Suva

Bankers:
ANZ
ANZ House
Suva