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Koro Sun Resort and Rainforest Spa

Freehold established resort: Koro Sun Resort and Rainforest Spa, Savusavu, Vanua Levu, Fiji Islan

Expressions of Interest (unless sold prior)

Closing 4pm NZ time, Wednesday, May 8, 2024 (Bayleys House, 30 Gaunt Street, Auckland Central, New Zealand)

 

- Award winning resort with the same ownership for 23 years.
- Freehold going concern - management agreement option.
- Large freehol ...

Freehold established resort: Koro Sun Resort and Rainforest Spa, Savusavu, Vanua Levu, Fiji Islan

Expressions of Interest (unless sold prior)

Closing 4pm NZ time, Wednesday, May 8, 2024 (Bayleys House, 30 Gaunt Street, Auckland Central, New Zealand)

 

- Award winning resort with the same ownership for 23 years.
- Freehold going concern - management agreement option.
- Large freehold waterfront land holding with further development potential. 

Located in Fijis Hidden Paradise on the south coast of Vanua Levu, Fiji’s second biggest island and just a 50-minute flight from Nadi International Airport, this established resort offers 56 well-appointed guest keys of varying styles. Incorporating an award-winning spa, three restaurants, four bars, two swimming pools, a nine-hole golf course, tennis court, and a wide range of on-site guest amenities. The land comprises 120.32 acres of elevated freehold land plus 7.11 acres of foreshore leasehold totalling 127.43 acres with a premium waterfront position.

The resort enjoys an established reputation and income stream that has built up over recent years. As of March 31, 2024 (YTD) they are up year over year by 15% in room revenue and 20% in occupancy. There are also expansion options, a residential subdivision with 13 lots available to sell and another 36.4 hectares consented for development of a further 64 luxury lots. And there are additional villas for the marina.

The resort has experienced a high level of infrastructure development since its opening in 2000 and is well presented. Currently owner operated, the resort is available for a new purchaser to self-manage or apply their own brand or engage a franchised operator. It is uniquely located in a Fiji tax free zone and near the new multi-million-dollar Nawi island marina and hotel development in Savusavu Bay.

Property Details:

Guest suites and bures: 56
Resort land area: 12.1 ha (approx) 29.89 acres.
Development land area: 36.4 ha (approx) 89.94 acres
Subdivided lifestyle lots (13): 3.2 ha (approx) 7.90 acres

 

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