An incredible opportunity for investors and astute developers to acquire 28 executive villas and 8 standard villas on approximately 40 acres zoned for hotel, integrated residential and commercial development. The majority of the development is on Crown Land with a 99 year lease and 12.78 acres is on Native Land that will entitle the developer to a 99 years lease on settlement.
The Site
The offering also includes 40 subdivided lots fully approved “integrated resort development “subdivision which allows for hotels, residential subdivision, commercial recreation, marina, and any number of other resort-commercial enterprises.
The property also possesses a vast array of features and land-forms that would ensures privacy and retreat for a discerning individual or group as well, the property offers easy access to water for fishing, water related sport activities, easy access to surf spots, yachting to mention a few. The owners are retiring due to age and health, and this presents an opportunity for a vibrant developer.
The Villas
There are 20 executive self-contained villas (concrete building ) ( what parcel ) and an additional 8 wooden villas with a swimming pool and provision for restaurant and dinning .
The Land
The subject site consists of 2 main parcels of land
1) Crown Land – approx. 30.132 acres
- Lot 2 Restaurant & Swimming Pool
- Lot 3 & 4 Bay view Cove Resort that has (20 Strata Titles x 2 Bedrooms) + 8 Additional Villas
- Lot 5 - Proposed Waterpark
- Lot 6 - Proposed Waterpark or Retail
- 23 Special use lots [Lot 1 to 23] (1141qm - 1424sqm)
2) iLTB Land
The proposed subdivision of land known as Nukuvou is approved for Twenty (20) residential Lots. It consists of approximately 12.78 acres with proposed lots ranging from 1123sqm – to 2058sqm . A development lease has been granted for 10 years effective 1st of July 2019
Proposed “Bay view Cove” Development consists of following.
-Hotel room and approval to build more - Private gated residential - Commercial & retail zones - Hotel & Resort zones - Marina & Foreshore - Special zones - Restaurant, Bar, Kitchen, Swimming Pool
- Proposed Water park
- Each of the 20 villas have Air-condition and Ceiling Fan, Fridge, Dish Washer, Washing Machine, M/Oven
- Onsite sewer treatment system - Backup Generator, Water Tank - Swimming Pool
- Private Jetty/Ramp
TENDER DEADLINE: November 8th, 5 PM unless sold sooner
For further information and an information memorandum, email arif@bayshorefiji.com and for viewing contact or Amir 909-3923 amir@bayshorefiji.com
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