Jetty Upgrade PLus a 3-4 Star Resort
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LOCATION: AORE-ESPIRITU SANTO-LUGANVILLE-SANMA PROVINCE
INVESTMENT SIZE: AU$ 1,500,000 or an equivalent of VT 126,027,840 (ex rate: 82.19)
INVESTMENT TYPE: EQUITY PARTICIPATION
INVESTMENT CATEGORY: GREENFIELD/BROWN FIELD
SIZE OF PROPERTY: 3,396 SQ. METERS
PROPERTY LEASE PERIOD: 75 YEARS
LENGTH OF EXISTING WHARF: 20m
This project envisages the improvement of an existing wharf/jetty targeting the growing number of visitors to and from Luganville - the capital of Vanuatu’s northern region. With a total land area of 5,396 m2 and a 65m water frontage provides excellent opportunities for additional commercial activities such as a 4 star boutique resort including supporting business activities. Total value of investment will be determined by extra activities such as improving and extending the jetty, additional building facilities and other project specifications subject to more detailed feasibility undertaken by the investor.
The site offers proximity and accessibility to the growing number of local and tourist visitors to Espiritu Santo, Sanma Province and Luganville. This site is located right at the heart of Luganville in close proximity to major transport networks and utility corridors. It is about 1km from Luganville’s main wharf where cruise ships berth and 3 km from the International airport.
Not only is this fully operational, secure, commercial property centrally located, with workshops, office, plenty of storage, shipping containers and fresh water tank; it has the added benefit of offering on-site accommodation (1 bed apartment, plus 1 bed self-contained unit). The new owner can commence business immediately upon settlement. Opportunities like this do not come up very often so reach for the phone and call the agent now. The upgrading of the existing wharf/jetty into a modern standard and extending its current length will not only see more people using it, but security and safety of clients is assured.
This site offers excellent opportunity for a multi-purpose development project with high potential gains in both commercial and social interest guaranteed. Existing facilities include:
- A jetty
- A 200m2 building currently used for storage
- Kayaking boats and
- Kids play ground with facilities