This is an exciting new development opportunity in the Yasawa Islands in Fiji.
Balawi Beach is possibly Fiji's finest.
The vendors are looking for expressions of interest from resort investors/developers and/or resort operators for the development of the resort and residential beachfront lots. Key approvals are in place. All on approximately 1.5 kilometres of extraordinary and uninterrupted beach frontage.
It is currently planned as a 23 Bure 5 star resort (17 double and 6 family bures), complemented by 22 beachfront residential villas. A much larger resort would also be possible. Each of the residential villas will be on a huge 2,000 sq metre lot with 40 metres of exclusive white sand beachfront. The last photo in the series is an artist's impression of what the overall development will look like.
The investor/developer of the total project will join the vendors in benefitting from the sale of the lots, and will profit from the building of the villas and their sale to private individuals. The new villa owners will then have the option to lease back to the resort, providing more 5 star accommodation.
Discussions with the Fiji Development Bank confirmed that they are prepared to provide the investor/developer finance equal to 65% of the project cost.
The operator of the hotel will enjoy Fiji's current tax incentives with 4 years tax free holiday and 25% per annum accumulated depreciation of all capital costs.
A comprehensive offer document is available to serious purchasers, containing detailed concept plans, build costs, resort trading projections, and so on. It sets out the companies involved in the development - architects, builders, project management, etc.
There is also an opportunity for those interested in purchasing one of the beachfront lots to register their interest now. Once we have an operator for the resort secured we will then formally release these great lots to the market - so put your name at the top of the list!