Multi-Unit Waterfront Residential Rental Investment Property, First Lagoon
Description
This is a prime urban waterfront location, situated at the middle of the First lagoon, only a short distance from the main road, public transport and shops. Overview This 9 bedroom, 5 bathroom parcel is located in First Lagoon, with South East views. The registered land area is 3193m² with an estimated 585m² of floor space on a Residential leasehold title. Property Walk-through Located on Port Vila's central First Lagoon, this property comprises one 230 m2 three bedroom home and three free standing cottages, one of 135 m2 with 1 bedroom and mezzanine and 2 of 110 m2 with two bedrooms, estimated to have been built in the mid 1980s. The 32 metre wide waterfront area of this 3,193m2 plot remains undeveloped and is an ideal location for a new lagoon front residence, either for a new owner, or to add to the rental pool. Nearby Points Of Interest. Port Vila Airport 8 km. CBD 2.5 km. Central Hospital Port Vila 2.5 km. Private Hospital 2 km. Nearest Supermarket 1 km. University South Pacific 3.3 km. Ramada 0.3 km. Contact Island Property Today!
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 |
|---|---|---|---|
| High-Exposure Nambatri Retail Front and Land Opportunity Namabatri | 5 min walk | 2 | VT 115,000,000 |
| Active Commercial Wharf with Deepwater Frontage Nambatu | 6 min walk | — | VT 259,000,000 |
| Three Adjoining Plots of Land Forming One Large Development Site Elluk | 0.9 km | — | VT 115,000,000 |
| Prime Nambatu Leasehold – Suburban Opportunity with Commercial Upside Anabrou | 0.9 km | 4 | VT 68,000,000 |
| Prime Investment Property on Port Vila’s Deep Water Paray Bay Featuring Three Individual H Port Vila City | 1.1 km | 9 | VT 250,000,000 |
| Brand New Apartment Blocks Overlooking Erakor Island Elluk | 1.2 km | 18 | VT 249,100,000 |
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
3 similar properties on the island advertised at within 25% of this price with a similar number of bedrooms. Their median asking price is VT 76,000,000 — this one is asking 20% more. Asking prices only; nobody has paid these.
| Property | Where | Beds | Asking | vs this one |
|---|---|---|---|---|
| Harbour Views – Secure Container Homes with Ocean Views | Elluk Plateau, Vanuatu | Elluk Plateau, (4609) Port Vila Vanuatu | 8 | VT 76,000,000 | -16% |
| Beachfront Estate in Gated Ranch de la Colle - Lifestyle & Income Potential | Mele Bay | 8 | VT 107,000,000 | +18% |
| Not only living but Earning!! | Elluk | 10 | VT 70,000,000 | -23% |
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