Description
Spectacular new property with panoramic ocean views just listed.
It is located on the Volivoli Peninsula overlooking the Dreamview Villas.
The property is an investment opportunity for property developers.
It is vacant land on Crown Lease.
The current remaining lease is 10 years.
In 2012, 20 year of lease extension was granted.
The total area of the property is 14.5 acres and was previously used for sugarcane farming.
However, now the land is being subdivided (proposed).
All relevant permissions have been granted by the relevant authorities.
Permission has been granted by the Sugar Industry Tribunal for the proposed subdivision.
The consent to rezone has been granted by Ministry of Lands and Mineral Resources.
The rezoning will be from Agricultural Lease to Residential, Commercial and Tourism Development.
A 99-year residential, tourism and commercial lease is to be granted on present-day terms and conditions. Details of proposed lots are as follows:
Commercial: Lot 6
Residential: Lots 1-5
Tourism: Lot 8 (Back Packer) Lot 7 (Resort)
Lot Size:
Lot 1 – 1189m2
Lot 2 – 1093m2
Lot 3 – 1583m2
Lot 4 – 1677m2
Lot 5 – 1600m2
Lot 6 – 1336m2
Lot 7 – 3.49ha
Lot 8 – 1.6ha
Note: Areas and dimensions are subject to the final survey.
