Buying a holiday house in Fiji can be a fraught exercise for Australian holiday-makers, particularly now the Pacific nation has imposed restrictions on land sales to foreigners.
But a consortium of American and New Zealand executives, acting under the name Vunabaka, has teamed up with the opulent Six Senses Hotels and Resorts group to develop a hotel and residential villas for sale on the west coast of Malolo Island, in the Mamanuca group, about 23km from Nadi airport.
The Six Senses Residences range in price from $650,000 to $2.5 million, including the site and marina berths. The prices do not include VAT and land transfer fees, and the buyers are purchasing 99-year leaseholds.
Three, four and five-bedroom configurations are available (all with large pools) and buyers can choose from 60 residences located near the marina or the hill overlooking the ocean. Beach residences are also available, as are ocean homes near the lagoon.
The Six Senses 26-villa resort hotel is due to open next year and villa buyers will have full access to the hotel’s restaurants including private breakfast options, as well as the services of the spa.
Designed by New Zealand award-winning architect Richard Priest, the villas feature fully equipped kitchens, expansive private sundecks, and barbecues sporting fire pits.
The resort will be developed across 48.5 hectares and feature a magnificent sandy bay book-ended by rocky headlands, a rising lush hilltop, and three private marinas.
Eleven residences have been completed and another eight are scheduled to follow over the next six months.
More than 30 residential lots will also be available for purchase down the track.
The structure of the residences’ lot ownership, the 99-year leaseholds, has been set up to preserve the ownership of the land by local tribes (the Mataqali), and will generate sustainable revenue streams by way of a share in the leases on the land and an ownership share in the resort management company, Vunabaka said.
Owners can rent their villas out through the Six Senses rental program.
Fiji-based Vunabaka managing director Marcus Langford-Lee is handling sales inquiries.
Written by Lisa Allen - Senior Writer, Sydney