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Paray Bay, Port Vila, Efate

MYR RM29,095,878 *

VUV 793,696,142

Land
Property ID: 120034216225
Paray Bay, Port Vila, Efate

Description

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Details:- Port Vila’s Largest Deepwater Harbourfront Development Site Already Approved for The Construction of a Hotel This 2.88 hectare (28,813 m2) absolute harbourfront development site overlooking Paray Bay to the outer harbour and sunset has planning approvals in place for a 236 room hotel plus foreshore reclamation. The site is flat and entirely usable and is elevated about 15 metres above sea level, which lends the site added privacy, wider views and greater security in stormy weather. The word unique truly does apply in this case. This site is the largest available for private development on the Port Vila harbourfront. This site has the longest absolute waterfrontage of any lease on Port Vila’s harbour-front, approximately 100metres. This site is the largest undeveloped site in the central or harbour area of Port Vila. The site has absolute main road frontage of 96 metres, offering a wide variety of possible commercial uses, including a retail complex and offices. The total land area is 28,813 m2 excluding the foreshore area that has a PEA (Preliminary Environmental Approval) for reclamation. Added to the portion of land at water level, the reclaimable area of about 1,500 m2 would create a water level area of about 2,500 m2. The water frontage is located at the widest part of Paray Bay; there is a distance of 580 metres of open water between the foreshore boundary and the Iririki Island reef. This site is ideally situated on the main road between the main wharf and the CBD. The country’s largest supermarket is less than 100 metres away and the National Parliament and National Convention Centre are only 10 minutes walking distance away. This is the only suitable harbour front site in the urban area of Port Vila for a 200 + room international standard hotel, combining absolute harbour-frontage, deep water mooring for all sizes of yachts, including super yachts, views towards sunset and a sea level area ideal for water sports and vessel berthing, as nearby properties have already done. There is no equivalent waterfront development site in the Port Vila urban area and arguably not in any other South Pacific capital. Under Vanuatu’s Strata Title Act legislation, this block offers enormous potential, (Subject to Planning Permission) to create a major apartment or multi-purpose development project. There is also the possibility to subdivide the site into two or three large plots in order to create a commercial village incorporating a harbourfront hotel, apartment complex, and shopping zone. This may be an ideal way of proceeding if a number of different investors were to be involved. The site combines prime harbour-frontage, proximity to the town centre, easy access directly from the main road, a very large land area offering extensive scope for other commercial roadfront and seafront developments, and views of the sun setting over one of the most beautiful harbours in the South Pacific. In summary, this one of a kind location provides nearly three hectares of commercial land, 100 metres of sheltered, deep water harbour frontage suitable for a small marina, several charter vessels and/or water-sports centre, plus nearly 100 metres of prime commercial, high visibility, main road frontage. Further details available upon enquiry.

Basic info

  • Property Type Land
  • Rooms
  • Address Paray Bay, Port Vila, Efate

Interior features

Exterior features

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