First Lagoon Development Site

Description

Four lot package located in first lagon, these titles have secured another 25 years on their leases, making this one of the very last waterfront development site so close to the CBD.The registered land area is 15,465m² with 160m of water frontage. This property sits on an established coastline for some of Port Vila's best-known tourism properties i.e. Holiday Inn, Warwick Le Lagon, Poppys on the Lagoon and Ramada, the sheltered First Lagoon area faces the prevailing breeze, provides mountain and water views and is only a few minutes drive to the CBD. Rare lagoon frontage Minutes from Port Vila CBD, shops and restaurants Ideal for luxury hotel, high-end residential, or mixed-use development Strong growth long term and return potential 25 Years is on the 75 year lease, can be further extended to 99 years or strata titled to create a freehold like site. Lot Details: Lot 11/OC34/004: 9,751 m² (plus 3,360 m² as-of-right lagoon reclaim), Price: 351,000,000 VUV Lot 11/OC34/001: 2,148 m², Price: 94,000,000 VUV Lot 11/OC34/003: 1,997 m² with executive home and pool, 111,000,000 VUV Lot 11/OC34/002: 1,569 m² with one 3-bedroom and one 2-bedroom home, Price: 82,000,000 VUV Combined Land Area: 15,465 m² + (3,360m² reclaimed). The reclaimed area can be filled to the low water line without approvals needed. Price: 638,000,000 VUV Contact Island Property Today for more information. Ideal for any large hotel or resort developper.