Denarau Waters Fiji is an exciting integrated residential, tourism, and commercial development opportunity adjacent to the immensely successful hub of Fiji Tourism, Denarau Island, and is being offered for sale on behalf of the mortgagee.

Philip Toogood, Managing Director of Bayleys Real Estate (Fiji) Pte Limited says "significant work has been carried out on site, with approximately 80 lots now titled (as State Leases), some of which have been sold to residential buyers. Additionally, as yet undeveloped land, in this 208 ha State Lease offers a range of future opportunities".

“In summary,” Toogood says, "the offering comprises 40 Unimproved Residential Leases, 19 Unimproved Commercial Leases, four Special Use (Hotel) Leases and one Special Use Road Lease (four lots) and the balance of lease land after subdivision."

"There is a reported demand for 4,000 new hotel rooms in Fiji to cater for the booming Tourism sector which has seen a strong recovery post Covid-19" adds Toogood.

The marketing campaign comprises two parts. Initially, Expressions of Interest are required to specify the proposed purchase price, which may be within a range and expressed conditionally, proof of funds to complete the purchase, and details of professional representation in Fiji.

“In phase two, shortlisted bidders will be required to enter into a non-disclosure deed and will be offered sale terms, including a limited information memorandum which will comprise the extent of the mortgagees’ and its Agent disclosure in respect of infrastructure and other development works undertaken to date" says Toogood.

Expressions of interest close on Friday, 10th November 2023.

For more information contact Philip Toogood, Managing Director of Bayleys Real Estate (Fiji) Pte Limited via the contact form below. 

The full schedule of all titles to be sold can be found at www.bayleys.co.nz.