Freshwater 1 – 2,462 m² Corner Property with Commercial & Residential Buildings, FreshWota

Description

Located in the established Stade and Freshwota 1 area of Port Vila, this substantial corner property presents an attractive opportunity for strategic investors, developers or buyers seeking a sizeable landholding with potential for refurbishment, redevelopment and long-term capital appreciation. Occupying approximately 2,462 m² of leasehold land, the property benefits from a prominent corner position with three road frontages, providing excellent accessibility, visibility and flexibility for future development. The property comprises an established roadside convenience store, commonly known as Parity Store, together with a main residential dwelling and a separate accommodation building. The main residence includes multiple bedrooms, living areas, a kitchen, bathroom and covered verandahs, while the secondary building provides additional accommodation space. While the buildings are aesthetically dated and require considerable refurbishment and modernisation, their underlying structures are fundamentally sound, providing a solid foundation for investors seeking to enhance the property's presentation, functionality and overall value. The secondary accommodation building also requires further improvements and completion works. The existing convenience store benefits from its prominent roadside position within a populated residential neighbourhood, offering potential for continued commercial use, subject to the purchaser's arrangements and relevant approvals. The relatively level grounds feature established trees, open yard areas, fencing and vehicle access. With three road frontages and a generous land area, the property offers considerable scope for reconfiguration, additional accommodation, commercial improvements or a broader redevelopment project, subject to the necessa