Key Contacts

 

Visiting Us

Auckland CBD

‚ÄčLevel 13, 34 Shortland Street
Auckland
1010
New Zealand
T: +64 9 377 3700
F: +64 3 366 2952

Visiting Us

South Auckland

Level 1, 381Great South Road
Ellerslie
1051
New Zealand
T: +64 9 377 3700
F: +64 3 366 2952

Follow this office on:

Visiting Us

Christchurch

Level 1, 145 Victoria Street
Christchurch
8013
New Zealand
T: +64 3 377 3700
F: +64 3 366 2952

Follow this office on:


Tikina-i-ra, Bua, Vanua Levu, Fiji

13 June 2017

A unique offering of approximately 10,000 acres of Fiji prime freehold coastal land.

One of Fiji largest freehold holdings is up for sale. Situated on the western end of Vanua Levu is a large peninsular area, plus nearby land around a decommissioned airstrip, situated at the western end of Fiji’s second largest island, Vanua Levu.

The larger parcel is known as Tikina-i-ra and is made up of three titles totalling approximately 9,822 acres. This area has 25 km of coastline made up of sheltered bays and tidal flats with mangroves, white sandy beaches with extensive valleys running up to lofty peaks. 

The large sheltered deep water harbour at Koroinasolo is on its boundary and in addition there are several other bays with open ocean access. The vegetation on the property comprises of a mixture of pine forest, native forest, coastal mangroves and coconut trees and grassland areas. 

An additional 412 acres is also part of this offering and is the land surrounding the decommissioned Dama air strip at Koronibelo, approximately 15km from Tikina-i-ra. This land has some mature pine on it and is relatively flat. 

The western end of Vanua Levu is undeveloped and is likely to be one of the next major areas for development in tourism, agriculture and residential. The Fiji government has launched its ‘Look North Policy’, which includes a tax-free incentive zone for Vanua Levu and the development of the Dreketi to Nabouwalu Road – a FJD$228m project – now completed.

The climate on the western side of the island is generally dryer than the eastern areas of Vanua Levu and is like the popular western side of Viti Levu, which has a high density of tourism and development.

The Tikina-i-ra land area is large enough to support a multitude of uses and is a unique opportunity.

Fiji is showing strong signs of recovery with a lot of foreign interest; in particular, the Chinese who are investing in both tourism and industrial sites. Large sales in the area include 2,210 hectares of land at Natoavatu Estate in Vanua Levu, sold to the Kiribati Government at a reported FJ$15.4m, to be used to grow crops for the Kiribati people (source: The Fiji Times 03 June 2014).

Tourism remains Fiji’s largest business sector, in the 12-month period to 31 December 2016 visitor numbers to Fiji increased almost 5% to 792,320 visitors (Source: Fiji Bureau of Statistics). Fiji Airways has added more aircraft to its fleet (source: Australian Business Traveller) to keep up with the demand of more passengers. Australians and New Zealanders remain a big part (almost 65%) of the tourism market with a flying time of about three hours from Auckland to Nadi or Suva, and less than four hours from Sydney to Nadi. There are substantial increases in tourists arriving from China, with a 22% increase for the year ended 2016. 

Rick Kermode, Fiji Specialist Broker, comments: “This is a magnificent freehold holding that has it all, located on the sunny dry side of Vanua Levu. Only about 8% of the land in Fiji is freehold so it goes without saying that this is a unique offering. The land area is large enough to support a multitude of uses. Tikina-i-ra is a blank canvas, only limited by your imagination.”

Tikina i ra is for sale by International Tender closing 5pm NZT, 14 July 2017.


ENDS
 
For further information, please contact:
 
Rick Kermode, Licensed Salesperson, Fiji Specialist Broker
 
Allen Beagley, Licensed Salesperson, National Director – Hotels
 
Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 14,000 people operating from 413 offices across 60 countries. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit knightfrank.com.