Overview
NO INCOME TAX, NO CAPITAL GAINS TAX, NO COVID-19, PATHWAY TO CITIZENSHIP
Want to move to a tropical south pacific island or expand your hotel chain. Nasama Resort is one of Vanuatu most successful resorts with room to expand. It is being offered for Expressions of Interest. Located in Port Vila, the capital of Vanuatu in the beautiful South Pacific.
10 minutes from Port Vila city centre.
Land Area: 17,298 square metres
110 meters of beachfront - but could be extended by 52 meters if the option to purchase the land next door was taken up. Land is leasehold - 75 years with option to renew. There are 67 years remaining on current lease with option to renew. The current land rent is only US 5,500 per year. It increases by 2.5% per year.
THE WHOLE RESORT CURRENTLY COMPRISES OF REAL ESTATE, MANAGEMENT RIGHTS AND DEVELOPMENT RIGHTS.
Real Estate
30 x Studio self-contained apartments at 57 m2 each.
6 x 1-Bedroom self-contained apartments
7 x 2-Bedroom apartments
Laundry
Reception
Massage house
BBQ house
Gym house
Restaurant
Infinity pool
Details
Located just 10 minutes from the CBD of Port Vila. Other resorts are located in this area. Notably, the Warwick Le Lagon and Breakas Beach Resort, but also a number of boutique resorts both high end and budget.
The construction of Nasama Resort is solid concrete. One of the few resorts that survived cyclone Pam in 2014. In fact we had 50 people in house at the time. We continued operating while the other major resort closed down for 6 to 18 months. Only 45% of the resort land is built on giving an opportunity for further a build.
We have development rights with the Department of Lands to build an extra 12 x studio apartments, 12 x 2-bedroom or 3-bedroom apartments if you build two storey and a new Reception. Or could build more than two storeys. Or it could be changed to include an entirely different development profile - even multiple floor development.
We are listed at the top of the mid range accommodation. We are favoured by both Expedia and booking.com and are highly rated by TripAdvisor. None of the mid range resort have what we have to offer. In fact with minor adjustments the resort could be upgraded to luxury 5 star if that was the purchaser target.
Property Details
PROPERTY TYPE
Commercial
LEASE START DATE
1st November 2006
UNEXPIRED TERM
60 years
LAND RENT
40,000 Vatu per annum
FEATURES
Water View, Ocean View, Private Beach
PROPERTY TYPE
Commercial
LEASE TERM TOTAL
75 years
UNEXPIRED TERM
67 years
LAND RENT
USD $5,500 per annum
FEATURES
Water View, Ocean View, Private Beach
YEAR BUILT
BEACHFRONT
110 metres
LAND
17,298 square metres
UNELCO POWER
Yes
LAYOUT
30 x Studio self-contained apartments at 57 m2 each.
6 x 1-Bedroom self-contained apartments
7 x 2-Bedroom apartments
FURNITURE
Furnished - Over USD$500,000 included
RESTAURANT
Cafe Vila
Laundry
Reception
Massage house
BBQ house
Gym house
Infinity pool
