Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Impressive Pacific Island landholding placed on the market

The largest freehold property currently available in Fiji, with approximately 25 kilometres of coastline, has been placed on the market for sale.

This impressive property, known as Tikina-i-ra, is located in the Bua region of the Fijian island of Vanua Levu, and encompasses 4,141 hectares (10,233 acres) of land. The land is zoned for rural use.

The property sits on a peninsula some 15 kilometres from what was Dama Airport, which serviced part of the island until the early 1980s, after which it was decommissioned. Air access is now via the centrally-located Savusavu Airport and Labasa Airport. Vanua Levu is Fiji’s second biggest island.

The Tikina-i-ra property has some 25 kilometres of coastline, made up of sheltered bays, tidal flats with mangroves, and white sandy beaches. A large deep water harbour, Koroinasolo, is located on Tikina-i-ra’s boundary.

The property is now being marketed for sale by offers to purchase through Bayleys Real Estate, with tenders closing at 5pm on Wednesday June 5. Bayleys’ Pacific Island resort sales specialist Rick Kermode said that only some eight percent of land in Fiji was freehold: “so it goes without saying that Tikina-i-ra is a very rare and unique offering.”

Mr Kermode said there were numerous possibilities for what could be done with the site depending on appropriate consents being applied for and granted. He said the landholding was one of the largest freehold landholdings in Fiji.

“The vegetation on the property comprises a mixture of pine forest, native forest, coastal mangroves, coconut trees and grassland areas. The property has a mountain peak of around 420 metres (1,380 feet) running through its central spine, with several fresh water springs running down the slopes” Mr Kermode said.

“With appropriate approvals, the property could be developed for a hotel or tourism accommodation venture or subdivided into a rural lifestyle estate.

“Obviously, the two big attractions for this site are its relative ‘blank canvas’ potential, and its expansive 25 kilometre coastline. With a deep water port for cruise or sailing vessel access, the fundamentals for a tourism-related venture definitely come into focus.”

Mr Kermode said Vanua Levu, and in particular the western side of the island, was positioned to benefit from economic activity taking place in the wider region.

“The Fijian Government’s ‘Look North Policy’ includes a tax-free incentive zone for Vanua Levu, and comes just a few years after the completion of the Dreketi to Nabouwalu road – a FJD$228m project which has opened up access through the middle of the island,” he said.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: