Serviced Apartment for Sale in Shefa Province, Vanuatu

- Top performing resort, a favorite of all the OTA and rated by trip advisor as one of the top 10% of resorts in the world.

- The property is on a 75 years leasehold, 67 years are remaining in the contract and the property includes thirty studio self-contained apartments, six 1-bedroom self-contained apartments, seven 2-bedroom self-contained apartments, infinity pool and children’s pool, excavated swimming hole in ocean, reception, laundry/housekeeping, BBQ house, gym house, massage house and a restaurant.

- There is a 3,460 square meter adjacent land and we have development rights with the department of lands to build twelve studio apartments, twelve 2-bedroom or 3-bedroom apartments and a new reception or it could be changed to include an entirely different development profile, even a multiple floor development.

- Preferred property for many of the large wholesalers and online booking agencies. We have a lot of loyal clients.

- Our business was affected by external factors as we had a cyclone pam which was category 5 (we were the only resort with no damage due to the strength of our building) and then we had air NZ and Virgin cease their service due to a deteriorating airport runway. Despite of these setbacks we maintained a high level of occupancy but at the expense of our bottom line.

- We were looking forward to a bumper in 2020 and then we had Covid-19. We were closed for the most of 2020, but now we have permanent and mid-term tenants for this year that will sustain us until the borders open. We are planning to re-open in the next 6 months.

- Other financials can be discussed after introduction.

We provide an exceptional experience at the resort with pool, restaurant, housekeeping and other services.

We own the buildings and infrastructure of apartments and restaurant and extra land for expansion.

The property is stretched out on a 17,298 square meters land. Rent is AUD 7,315 and it increases by 2.5% each year.