Nausori Airport Hotel

Tenure: State land
Title: State lease
Legal Description: Lot 4 on plan number SO 1327 land known as Vucimaca Lot 843 (part of)
Area: 1 rood 6.67 perch (1,181 square meters) compiled from sheet reference M3/2-3
Term: 99 years from 1.1.2018 with the balance term of 98 years 2117
Rent: $3,800 pa from 1.1.2018 reassessment in every year’s interval as per State land (Leases & license)
Lease Type: Commercial
Address of the Property: Vuci South, Kuku /Bau Road, Nausori. (2 minutes’ Drive from Nausori Airport)

Erected on the site is an architecturally design triple story concrete/trimdek & timber building believed to be 3 years old and known as “Nausori Airport Hotel” comprising 24 rooms i.e. 12 Deluxe air conditioned rooms, 8 Fan rooms, 2 family rooms and 2 penthouses inclusive of store room, office/reception area with canteen, a restaurant, lounge bar, conference room/hall and laundry.

Accommodation and amenities in each building consists as follows:
Ground Floor
Ground floor measures 284.06m2and comprises the office/reception area & canteen, security room, a residential unit with lounge comes dinning/kitchen area, common bathroom/water closet and laundry, office, locker room, ablution units, two storerooms, 4 deluxe rooms, 2 family rooms, 2 Fan rooms and 1 penthouse. Four sets of internal stairs are provided for the upper levels. Also includes a 3.5 meters by 7 meters and a height of 2.75 meters’ cooler refrigeration room.
First floor

• The first floor measures 284.06m2 and comprises a bar/bar fridge, office, washroom, lounge bar, 2 bedrooms inclusive of a master bedroom with in-suite facilities, a storeroom, 8 Fan rooms and 1 penthouse.
• Fittings in the suite include a double bed, built-in wardrobe/dresser, beside wall lamp, single bowl hand basin with built-in under cupboards, an air condition unit, a ceiling fan ablution area contains a steel framed mirror, shower cubicle and water closet. The main area has rug floor covering whilst the ablution area has mosaic tile floor and wall covering up to ceiling height. Hot and cold water system is connected to normal points. The penthouse has 2 bedrooms. Laundry, in-suite facilities, private balcony and fully furnished.

Second Floor

• The second floor measures 212m2 and comprises of a hall/conference room, washroom and 8 Fan rooms and 1 penthouse.
• The deluxe rooms have 1 Queen size bed and 1 single convertible bed and sleeps 2 adults and 1 child.
• Tea/coffee making facilities are provided therein
• The family rooms have similar 2 bedrooms inclusive of a master bedroom with in-suite facilities, wall mounted flat TV, wall mounted bed lights, ac unit/wall fan, tea/coffee facilities, dinning dressing table and queen size bed.
• The standard rooms (FAN) have similar 1 double bed and in-suite facilities, wall mounted fan, wall mounted bed lights and wall mounted flat TV screen are provided therein.

Other features:

• Access/Front gate: Concrete driveway and electronic control metal main gate.
• Fencing 6ft high secured concrete block works walls mounted with security lights and surveillance camera
• SWIMMING POOL– water fountain/open sun bathe timber deck with velvet spread
• BURE house – facing the swimming pool/water fountain with large/small rocks interlocking with flower ferns and flower gardens.

INVESTMENT OPPORTUNITES:
Since mid to late 1990s government had substantially deregulated the economy, privatized some state-owned companies and restrained expenditures. Competition is being encouraged by the progressive reduction of import duties. Price Controls have been phased out and emphasis is placed on Government policies that will provide a stable macroeconomic climate for private sector development.

Recent Valuation: $5.85 million Fijian dollars