|Land Area||16 Hectares or 39.5 acres|
|Located||On Ovalau Island|
Levuka is located on Ovalau Island east of Fiji?s mainland Vitilevu. Ovalau is a lush volcanic island separated by a 20km wide channel from Fiji?s mainland. Ovalau is the sixth largest island in Fiji and the main island of the Lomaiviti Province.
30 minutes from Nadi or Suva airport, this stunning 50 acre freehold site, with 180 degree views of the bay and reef, is an opportunity to develop a desirable tourism and residential destination.
This hillside property, with impressive views of bay, one of the deepest bay on the island, with its beautiful beaches, offers a number of tourism and residential opportunities.
The property is ideally suited to benefit from Fiji?s growing tourism industry market which has grown 19% over the last 5 years. 2018 is heading for another record year with tourist numbers expected to rise 5% on 2018. Recently increased direct flights to Fiji from Honk Kong, Singapore and Seoul should substantially boost visitor arrivals.
Freehold land comprises just 8% of Fiji, making this is an unusual opportunity to buy a development site in the region. Levuka Bay is well placed to benefit from growing numbers of visitors looking for holiday and retirement options, without concern for security of tenure in other Asia Pacific destinations.
Price is FJD$1.6m negotiable