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Waterside. This spectacular piece of property has endless possibilities for development.
There is a completed 700 meter gravel access road from the highway to the north western boundary of the property accessing a new water reservoir (North western corner of property). This road is maintained by the public water department (PWD) at their cost.
Approximately 120,000 cubic meters of quality landfill is available from the rear of the property by reclamation works by the PWD for a new water reservoir - Estimated cost of landfill at nominal $10.00FJ per cubic meter is $1.2 million FJ.
A Fiji Sago Palm reserve has been delineated within the eastern boundary of the property , making up some 40/50 acres which holds considerable value being an endangered species of Pacific Palm. There is potential in terms of capitalizing on this as an eco tourism attraction such as nature treks.
There is potential for residential development of the elevated sites on the Waitavu ridgeline of 8 to 14+ residential sites offering spectacular views over Pacific Harbour and the Beqa Passage. Conservative figures in the current market indicate salability at between $180,000FJ to $350,000FJ per lot, offering a potential return of $2,000,000FJ before tax.
A 1.6 acre (6,580 sqm) beach front site between the Taunovo Resort property (a proposed future public park site) and the old "Pub" riverfront property. This property is considered quite valuable being located on one of the best small beaches in Pacific Harbour and in future if separated from the main title. Conservatively, the same block of land would be worth around $1.3 million FJ at current market values, with consideration to offers received for similar and like property in the areas and will appreciate considerably in the future as Fiji's economy grows.