Wakaya Island Dream Home In Fiji For Sale

Business description

Wakaya Island Dream house on the Island of Wakaya in Fiji is for sale

Situated on one of the Worlds most sought after Islands. Wakaya Island in the Fiji Islands is the most exclusive and is arguably the best Managed Island Property in the South Pacific.

There are beaches that rival the best in the world and Scuba diving and Fishing is great from this Island paradise. Deer, horses and pig run wild on this well kept secret Islands Paradise in the South Pacific.

The Island is home to the famous Wakaya Club and the Island has only 8 private homes and at this time no plans for future expansion.

The dream house was designed by world acclaimed architect Stuart Huggett of "Architects Pacific" and was constructed in 1995 and is 4000 Sq. Ft on freehold property land of about 2 acres.

Water is provided for by the Island and two generators run the electrical supply for the home . The home is fully furnished with Air-conditioning a pool, 5 bedrooms and a laundry.

The current contract allows rentals to friends and relatives only! and current charges are around $ 750 US a day. The Rates are approx $2000. US per year and to belong to the Islands maintenance program costs about 18K US per year. This is not a mandatory arrangement.

Wakaya Island

Wakaya is a privately owned island in Fiji's Lomaiviti archipelago. Situated at 17.65° South and 179.02° East, it covers an area of 8 square kilometers. It is 18 kilometers from Ovalau, the main island in the Lomaiviti Group.
Wakaya was purchased in 1973 by David Harrison Gilmour, a gold-mining entrepreneur who has developed the island, building 22 kilometers of roads, a fresh water reservoir, a marina, jetty, village, church, gym, school and a recently upgraded runway. He has also developed the Wakaya Club, an exclusive resort.

Sections of the 1983 pirate adventure film Nate and Hayes (also known as Savage Islands) were filmed on Wakaya.
Trade or Exchange

The owner has confirmed that he would consider a trade of a property in New Zealand for the exchange of the Wakaya Island Dream residence - so be in touch with the Broker anytime - for your island experience to begin.

Contact the Broker

The Tourism & Hospitality Business business broker that is acting as the agent for the owner of this property is happy to discuss this property details at any time - refer to the contact details on this page.

FEATURES

The Fiji Islands

Geography

Fiji is comprised of a group of volcanic islands in the South Pacific lying about 4,450 km. (2,775 mi.) southwest of Honolulu and 1,770 km. (1,100 mi.) north of New Zealand.

Its 322 islands vary dramatically in size. The largest islands are Viti Levu, about the size of the "Big Island" of Hawaii, and where the capital and 70% of the population are located, and Vanua Levu.

Just over 100 of the smaller islands are inhabited. The larger islands contain mountains as high as 1,200 meters (4,000 ft.) rising abruptly from the shore.

People

Most of Fiji's population lives on Viti Levu's coasts, either in Suva or in smaller urban centres. The interior of Viti Levu is sparsely populated due to its rough terrain.

Indigenous Fijians are a mixture of Polynesian and Melanesian, resulting from the original migrations to the South Pacific many centuries ago. The Indo-Fijian population grew rapidly from the 60,000 indentured labourers brought from India between 1879 and 1916 to work in the sugarcane fields.

Thousands more Indians migrated voluntarily in the 1920s and 1930s and formed the core of Fiji's business class. Native Fijians live throughout the country, while Indo-Fijians reside primarily near the urban centres and in the cane-producing areas of the two main islands.

Nearly all of indigenous Fijians are Christian; more than three-quarters are Methodist. Approximately 80% of Indo-Fijians are Hindu, 15% are Muslim, and around 6% are Christian.

Indo-Fijians currently constitute 37% of the total population, although they were the largest ethnic group from the 1940s until the late 1980s. Indo-Fijians continue to dominate the professions and commerce, while ethnic Fijians dominate government and the military.

Economy

Fiji is one of the more developed of the Pacific island economies, although it remains a developing country with a large subsistence agriculture sector. For many years sugar and textile exports drove Fiji's economy.

In recent years, growth in Fiji has been largely driven by a strong tourism industry. Tourism expanded rapidly since the early 1980s and is the leading economic activity in the islands.

About one-third of Fiji's visitors come from Australia, with large contingents also coming from New Zealand, the United States, the United Kingdom, and Japan.

In 2007, more than 62,000, or around 12%, of the tourists were American, a number that had steadily increased since the start of regularly scheduled nonstop air service from Los Angeles.

In 2006, Fiji's gross earnings from tourism were about $445.9 million, an amount double the revenue from its two largest goods exports (sugar and garments). Gross earnings from tourism continue to be Fiji's major source of foreign currency.