Great Investment Opportunity on a 5acres Commercial Land in Nakasi
Description
Now on the market is this 5acres of Native lease land with 35yrs of lease remaining situated at the heart of a fast growing demographic area. The land is located within Sauniwaqa Subdivision, accessible from Salua Street, which is off Vishnu Deo Road in Nakasi, Nasinu, Fiji Islands.
The location of this land is within close proximity to the section of Kings Road from Wainibuku Creek to Naulu junction where the ongoing growth for property developments and commercial activity will soon become the commercial hub for Nausori and Nasinu. The Nakasi Commercial Business District comprises of:
- Tebara Shopping Plaza which houses New World supermarket, pharmacy, medical clinic, Max-Valu, bookshop, sports shop, DVD shop, Grants Waterhouse, Courts Fiji and Jacks Little India with many other retail shops.
- RB Patel South-Point
- GMR Complex, a privately owned hardware company, GMR Muhammed & Sons PTY LTD. with a Mobil service station
- Kasabias building which houses a hardware store and other retail outlets.
- Rups Mega Centre, which is one of the largest shopping centers in Fiji
INVESTMENT OPPORTUNITIES:
The recent approved rezoning of this land from “Rural” to “Commercial C” provides many opportunities since water supply, sewage, electricity and telephone is easily accessible with street lighting available along Vishnu Deo Road. This approved rezoning will compliment another development within the locality which is the proposed “Nakasi City.” This will be a substantial development located at the far rear of the land and will comprise of a mixture of residential, commercial, special use-tourism community development, market, bus stand, civic development (fire station and police station), treatment plant, golf course, retirement village, business and IT park, general industrial and public open space. With the amended master plan been approved, this land can be seen as a vital link for this subdivision, providing a direct access from the main trunk collector route into this subdivision, which is Vishnu Deo Road.
Valuation: $2.8m plus VAT Fijian Dollars.
Asking price: $2.5m Fijian Dollars.
Motivated Seller Will Accept A Qualified And Nearest Offer.
Overview
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ID 5846
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Type Commercial
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Size 21,377 m2
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Land Size 21,377 m2
Address
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Address Lot 7 Sauniwaqa Subdivision Nakasi, Suva
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Country Fiji the Fiji Islands
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Province/State Central Division
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City/Town Nakasi
Details
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Property ID 5846
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Price $2,100,000
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Property Type Commercial
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Property Status For Sale
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Property Label Reduced Price
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Size 21,377 m2
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Land area 21,377 m2
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Lease Type State Land
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Lease Term 35 years