Fiji Islands Real Estate - KATAFANGA ISLAND. Freehold Island & Luxury Resort. Katafanga Island Investment Property
Saturday, September 5, 2015  

Fiji Beachfront Property

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KATAFANGA ISLAND. Freehold Island & Luxury Resort., Fiji Islands ... SOLD
KATAFANGA ISLAND. Freehold Island & Luxury Resort.
Country: Fiji Islands
Category: Investment
Region: Katafanga Island
Size of Property: 225 acres - Rare freehold island
Location Type: Beachfront
PRICE: USD 25,000,000
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Vendor details not available - this property is sold or under contract  


Katafanga Island is truly one of the most beautiful islands on the planet. It also presents a unique offering as one of the very few freehold islands in the South Pacific.

Katafanga Island is 225 acres of stunning natural beauty, fringed with white sand beaches and surrounded by its own 5,000 acre tranquil lagoon with a spectacular reef that encircles the island. The island measures 1 mile long by 1/3 mile wide and is situated north to south with the coastal topography ideally facing east and west. The island has elevated sites exceeding 150 feet offering stunning ocean views and pristine white sand beaches along its eastern and western shores.

The resort development was strategically located along the western beach to take advantage of the magnificent South Pacific sunsets. A 1km long airstrip, marina and island infrastructure facilities lie on the eastern shoreline.

The crystal clear water allows extreme visibility perfect for snorkeling and scuba on some of Fiji's best diving reefs. The protected lagoon waters provide the ideal setting for sailing, kayaking, windsurfing and just beyond the safe reef passage is incredible deep sea fishing. The fringing reefs even have some world-class surfing waves for the adventurous.

Katafanga Island is covered in swaying coconuts plams that add to the tropical island ambience and is home to rare coconut crabs, giant clams, leather back turtles, doves and many other native birdlife and marine mammals. The island has instituted a strict conservation program to ensure the preservation of all marine and wild life.

Guests will marvel at the pristine ecosystem while indulging themselves at a luxurious five star resort.

The luxury resort development that is under construction (already 80% complete) could be completed by new owners in as little as 6 months. The main complex comprising the lobby, lounge, dining pavilion, meeting facilities and spa, sits elevated over the beach looking out over spectacular sunsets.

20 private guest villas, located on the ocean's lapping edge, have their own private sandy beach frontage. When completed each villa will be furnished with native timbers, and four-poster kings size beds enveloped in shear soaring canopies. Luxuriously appointed marble baths with spas, indoor/outdoor showers and private lanai with a fresh water plunge-pool will offer pure indulgence for the most discerning visitor.

Currently either under construction or completed are: 20 luxurious air-conditioned private villas built to cyclone and earthquake standards.

Main complex with dining pavilion and open air lounge.

A spectacular two-story rock walled wine cellar.

Retail boutique and meeting or reception facilities. Professionally equipped fitness center and full service spa. Nine-hole executive golf course and tennis courts.

Airplane hangar, water treatment, and power generation plant. Underground water, electrical, telephone and internet lines.

Laundry facilities and employee housing.

Sealed, all-weather aircraft runway plus 7 km road network on the island.

Marina and moorings for visiting yachts.

1.5 Million litre water reservoir.

Recompression chamber facilities if required for Scuba divers.

Katafanga Island is a rare freehold titled island hence ensuring it as a long term investment while optimizing capital growth potential. This also provides the enviable position of being able to market the resort to international hotel chains and commence operations of the resort without outside interference.

The location is ideal for either a private retreat (like Richard Branson's Necker Island in the Caribbean) or an exclusive up-market resort. Katafanga Island is located in the very private and unspoilt eastern Lau group of Fiji Islands. Neighbours consist of movie stars (like Mel Gibson's Mago Island) and the elite few with their own secluded islands. This property is also subdividable as an exclusive freehold residential estate with resort, facilities, airstrip and marina developments.

The new owner could finish the resort construction and be fully operation within a year or the property could be completed as a private island estate. Since the resort occupies less than half the island, the new owner could even subdivide the island with the option of selling the luxury beachfront villas separately. This would provide the best of both worlds to pay for the island, have an income from the resort and live the lifestyle most can only dream of....

For more details, photos, maps, infrastructure specs, independent valuation report (showing the island will sell for about half its recent value) and JV options please contact us today to take advantage of this unqiue opportunity.

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