South Pacific Successful Beachfront Resort With Growth Potential For Sale

Property Information

Real Estate:

Real Property Included

Location:

Located just 10 minutes from the CBD of Port Vila. Other resorts are located in this area. Notably, the Warick Le Lagon and Breakas Beach Resort, but also a number of boutique resorts both high end and budget.

Premises Details:

The construction of Nasama Resort is solid concrete. One of the few resorts that survived cyclone Pam in 2014. In fact we had 50 people in house at the time. We continued operating while the other major resort closed down for 6 to 18 months. Only 45% of the resort land is built on giving an opportunity for further a build.

Size in square feet:

17,298 M2

Planning Consent:

We have development rights with the Department of Lands to build an extra 12 x studio apartments, 12 x 2-bedroom or 3-bedroom apartments if you build two storey and a new Reception. Or could build more than two storeys.
Or it could be changed to include an entirely different development profile - even multiple floor development.

Business Operation

Expansion Potential:

The 17,298 m2 is only 45% built on.
We have development rights with the Department 0f Lands to build an extra 12 x studio apartments, 12 x 2-bedroom or 3-bedroom apartments and a new Reception.
Or it could be changed to include an entirely different development profile - even multiple floor development.

Competition / Market:

We are listed at the top of the mid range accommodation. We are favoured by both Expedia and booking.com and are highly rated by TripAdvisor. None of the mid range resort have what we have to offer. In fact with minor adjusments the resort could be upgraded to luxury 5 star if that was the purchaser target.

Reasons for selling:

Retirement

Trading hours:

7 days 8 am to 5pm for reception.
Restaurant 7 days 8am to 10 pm

Employees:

40 to 60

Years established:

2012

Other Information

Support & training:

Current owner and operator is willing to stay on until new owner is comfortable with management.
Would also consider retaining the management.

Financing available:

Nasama Resort is recognised by local banks a a gold star asset.

Furniture / Fixtures value:

$500,000 (USD) - included in the asking price

Website:

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