A Pacific Island property with approximately 25km of coastline has been placed on the market.
Tikina-i-ra, in the Bua region of the Fijian island of Vanua Levu, encompasses 4141ha of land — currently zoned for rural use.
It is the largest freehold property available in Fiji and boasts sheltered bays, tidal flats with mangroves, and white sandy beaches. A large deep water harbour, Koroinasolo, is on Tikina-i-ra's boundary. The property is being marketed for sale through Bayleys Real Estate, with tenders closing at 5pm on Wednesday June 5.
Bayleys' Pacific Island resort sales specialist Rick Kermode says only 8 per cent of land in Fiji is freehold: "so Tikina-i-ra is a rare offering"."
He says there are many possibilities for the site depending on appropriate consents being applied for and granted. The landholding is one of the largest freehold sites 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 420m running through its central spine, with several fresh water springs running down the slopes," Kermode says.
"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 25km coastline. With a deep water port for cruise or sailing vessel access, the fundamentals for a tourism-related venture definitely come into focus."
Kermode says Vanua Levu, and in particular the western side of the island, is 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 says.