Retreat Bar – Iconic Seaside Sports Bar & Prime Commercial Offering on the Main Lagoon, First Lagoon
Description
This family owned property (zoned for Commercial/Tourism) has been operating for several years, however commitments elsewhere have prompted the decision to sell. This business caters to the mid-market and the budget traveller. The accommodation is built around a swimming pool, terrace, bar and restaurant. This prime location enjoys the trade winds and panoramic lagoon views that extend out to Efate island's interior. The 5,313 m2 (1.31 acre) site that includes a 40 metre wide beach frontage, is only partially developed, and there is immense scope for further building and expansion of the property towards the waterfront. At present the owners are continuing to create additional rooms, and it may be possible for a new owner to negotiate with the sellers to complete this process as part of the sale agreement. The land title leasehold is for 75 years from September 2003 The business is being sold going concern. Sale Price USD 2,800,000 WIWO (Walk In Walk Out)
Where it is
What's on near First Lagoon
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Port Vila
Climate · Port-Vila
Station: PORT VILA BAUERFIELD · 4.2 km from the representative point.
Explore monthly temperature and rainfall
Typical daytime temperature
1991–2020 station normals · Average daily high (°C)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Average daily high (°C) |
|---|---|
| Jan | 31 |
| Feb | 31 |
| Mar | 31 |
| Apr | 30 |
| May | 29 |
| Jun | 27 |
| Jul | 27 |
| Aug | 27 |
| Sep | 28 |
| Oct | 29 |
| Nov | 30 |
| Dec | 31 |
Rainfall through the year
1991–2020 station normals · Mean monthly precipitation (mm)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Mean monthly precipitation (mm) |
|---|---|
| Jan | 312 |
| Feb | 291 |
| Mar | 368 |
| Apr | 264 |
| May | 241 |
| Jun | 195 |
| Jul | 86 |
| Aug | 105 |
| Sep | 114 |
| Oct | 126 |
| Nov | 148 |
| Dec | 221 |
Getting there
Something wrong on this page? Tell us · How this page is put together
Within two kilometres
| Property | Distance | Beds | Asking |
|---|---|---|---|
| First Lagoon Development Site First Lagoon | 3 min walk | 10 | VT 638,000,000 |
| Prime Nambatu Leasehold – Suburban Opportunity with Commercial Upside Anabrou | 6 min walk | 4 | VT 68,000,000 |
| Small managed investment property in a well-established holiday accommodation provider First Lagoon | 8 min walk | 1 | VT 15,000,000 |
| Prime Investment Property on Port Vila’s Deep Water Paray Bay Featuring Three Individual H Port Vila City | 10 min walk | 9 | VT 250,000,000 |
| Port Vila's Prime Landmark Development Land Port Vila City | 1.1 km | — | $3,200,000 |
| One of Port Vila’s premier residential properties located on a private island within the c Tassiriki | 1.1 km | 4 | VT 240,000,000 |
Straight-line distances from the coordinates each agent published, so treat a walking time as indicative. Look at the site on Google Earth
How this one compares
6 similar properties on the island advertised at within 25% of this price. Their median asking price is VT 2,850,000 — this one is asking 2% less. Asking prices only; nobody has paid these.
| Property | Where | Beds | Asking | vs this one |
|---|---|---|---|---|
| WHITESANDS | WHITESANDS | 10 | A$2,850,000 | +2% |
| VILLA CHAMPAGNE – ICONIC BEACHFRONT LI... | White Sands, Port Vila | 10 | A$2,850,000 | +2% |
| SOUTH PACIFIC MEMORIES – ICONIC BOUTIQUE RESORT & BUSINESS FOR SALE | Angelfish Cove | 8 | A$2,900,000 | +4% |
| Come Home to the Ocean - Every Possibility Awaits | 'South Pacific Memories Resort', (4748) | 8 | A$2,900,000 | +4% |
| PARADISE POINT | PARADISE POINT | 5 | A$2,625,000 | -6% |
| Exquisite Luxury Living: 5-Bedroom Waterfront Haven in Paradise Point | Paradise Point | 5 | A$2,625,000 | -6% |
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