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Listing ID: 2979440

South Pacific Successful Beachfront Resort With Growth Potential For Sale

Port Vila, Vanuatu

Asking Price:: Over $5M (USD) Furniture / Fixtures included

Sales Revenue:: $1M - $5M (USD)

Cash Flow:: $500K - $2.5M (USD)

+ 5 images

NO INCOME TAX, NO CAPITAL GAINS TAX, NO COVID-19, PATHWAY TO CITIZENSHIP
Want to move to a tropical south pacific island or expand your hotel chain.
Nasama Resort is one of Vanuatu most successful resorts with room to expand. It is being offered for Expressions of Interest.
• Located in Port Vila, the capital of Vanuatu in the beautiful South Pacific.
10 minutes from Port Vila city centre.
• Land Area: 17,298 square metres
• 110 meters of beachfront - but could be extended by 52 meters if the option to purchase the land next door was taken up.
• Land is leasehold is 75 years with option to renew. There are 67 years remaining on current lease with option to renew.
• The current land rent is only US 5,500 per year. It increases by 2.5% per year.
THE WHOLE RESORT CURRENTLY COMPRISES OF REAL ESTATE, MANAGEMENT RIGHTS AND DEVELOPMENT RIGHTS.
Real Estate
• 30 x Studio self-contained apartments at 57 m2 each.
• 6 x 1-Bedroom self-contained apartments
• 7 x 2-Bedroom apartments
• Laundry
• Reception
• Massage house
• BBQ house
• Gym house
• Restaurant
• Infinity pool

MANAGEMENT RIGHTS WITH LONG LEASE AND GROWTH POTENTIAL

Land and development rights: 17,298 m2 of land to build. 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 and a new Reception. Or it could be changed to include an entirely different development profile - even multiple floor development.

Adjacent land: Optional 3460 m2 with 52.67-meter waterfront

RESTAURANT
Café Vila is one of Vanuatu’s most successful restaurants and bar.

For more information, please contact us by using the form below.

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:: Login or register to view link

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