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)