Business News : Fiji's Bounty Island resort for tender [10/04/2016 – Fiji]
Fiji’s Bounty Island resort for tender
|11:29 pm GMT+12, 10/04/2016, Fiji|
From time to time exceptional real estate opportunities are presented to the international marketplace.
According to Philip Toogood, managing director and partner of Bayleys Real Estate (Fiji) Ltd, this is one such opportunity.
Bounty Island, in the beautiful South Pacific island nation of Fiji, is to be sold by way of international tender closing on May 24.
The stunning 19.4 hectare island is the closest significant island to world-class Port Denarau, Denarau Island. This is the hub of Fiji tourism, being a 20-minute drive from Nadi International Airport, the point of arrival from Asia, the USA, Australia, New Zealand other South Pacific nations and points beyond.
The Bounty Island Resort, a popular small budget resort, is included in the sale as a going concern, along with the native lease for the entire island.
“The development opportunities the island presents are where the true value lies,” says Toogood.
“Fiji has seen a significant increase in development interest since democratic elections were held in September 2014, and like all tourism development destinations, islands are top of the developer wish list.
“Developers, tourism operators, and investors from within Fiji, Australia, New Zealand, Papua New Guinea, Asia and the United States, again have Fiji on their radar – and we expect enquiry to come from all these locations” he says.
Fiji tourism numbers are on the rise and significant increases in international flights in and out of Fiji will support more growth. Fiji Airways is increasing weekly services to Hong Kong to five-per-week soon and the new Singapore Nadi Service commence this month.
The United States enjoys direct flights into LA and a new San Francisco direct service will further boost visitor numbers from this key market. New Zealand and Australia have become almost ‘shuttle’ destinations with frequency increasing regularly.
Bounty Island is part of the spectacularly beautiful Mamanuca Group of Islands within Fiji.
The superb climate, pristine waters, extraordinary coral reefs, and the fishing, snorkelling and diving opportunities that are presented within the waters around the island have given enormous pleasure to tourists for decades.
It is also close to world-class surfing locations, including the famous Cloudbreak.
“Development options include integrated resort rooms, villas and apartments and residential homes,” says r Toogood.
“Interest has also been shown in the possibility of adding marina facilities to enhance the new resorts and residential life style. The location and proximity to the main island of Viti Levu means true pristine tropical island living is within easy reach of transport and service amenities”.
“No other such development opportunity in the region comes close to Bounty Island. It is very, very special””
The International Tender closes May 24, at the Bayleys Nadi office, Fiji.
SURCE: NZ HERLAD/PACNEWS