An investment opportunity not to be missed

Pr perty Guide
Picture: SUPPLIED
28 June, 2014
The key to your new home
[email protected]
A beauty at
The Cove
An investment opportunity not to be missed
Looking to invest in a property? The Cove
on Denarau Island might just be what
you are looking for. Regarded as one of
the finest addresses in Fiji and the South
Pacific, Lot 21 The Cove is now on sale.
Full coverage: PAGE 7
Open Homes
DIY renting tips
Look beyond style
Navua development
THE FIJI TIMES — SATURDAY, JUNE 28, 2014
1
Inside this
week ...
Property Guide
E: [email protected]
Property Guide
E: [email protected]
Security, transport and location
Keep these in
mind when looking
to rent a place
Set in the heart of Nadi Bay,
Fantasy Island has earned a strong
reputation in recent years. ...... P4-5
By DAWN GIBSON
PEOPLE looking for properties in the real estate market
seem to have a sweet tooth for renting spaces around
the country.
And this phenomenon has not gone unnoticed by real
estate agents in Fiji, with people seeking advice from
real estate agents left, right and centre regarding affordable renting spaces.
If this is you, here are some tips from the Real Estate
Agents Licensing Board when considering a place to
rent:
1. Security: A lot of people we’ve come across are
very concerned about security in the area. This includes
crime rates as well, so for example we’ve noticed in particular Rifle Range, because it has a lot of good houses,
but they’re not fetching good rent because there’s a
history of crime in that area. Some common crimes include robberies and thefts, and sometimes violent ones,
so just be sure you understand the area first.
2. Transport routes: This is another important consideration to take into account. For example if you are
coming from a certain place and you do not have a car,
that could pose a problem. Also look into what kinds of
taxi services service those areas and whether there are
reliable bus services as well. Look at it in closeness to
important amenities as well.
3. Location: This plays one of the largest roles when
it comes to finding a suitable place.
Similar to transport routes, just be sure to take into
account the closeness and the proximity between the
place you’re considering and a shop, a pharmacy, a
medical centre, a supermarket and things like that.
These are all considerations to take into account when
trying to find a suitable place, especially in such a competitive renting market.
Understanding land values will
change the investment view....... P6
The Cove, Denarau Island is
without doubt one of the finest
addresses in Fiji and the South
Pacific. ................ P7
The family home consists of three spacious bedrooms
including a master bedroom.
Picture: SUPPLIED
FACT BOX:
 Navua, Queens Rd
 Contact Jasmindar Singh
 Valued at $1.64million
 Over 10 acres of freehold land
Selling or renting a property is not
an easy task, and anyone planning
on doing either will need to consider
a few very important things............ P8
Livestock and crops also utilise the land.
Picture: SUPPLIED
Get into business mode
L
OCATED at the entrance in to Navua and greeted with the prominent Evergreen Rice Mill sign, this
property sits on just over 10 acres
of freehold land occupying the rice mill
on one lot and the residence on the adjacent lot.
The sizeable factory area is where, for
many years, Evergreen Rice has been produced.
Fully functional, the factory has all machinery intact and offers large easy access for trucks loading and off-loading
of goods. Livestock and crops also utilise
the land.
The family home consists of three spacious bedrooms including a master bedroom with its own private balcony, separate kitchen, spacious lounge overlooking
the vast property, hot and cold water sys-
tem and tiled floors.
Underneath the home is an onsite office and additional storage area, which
could easily be converted to a two bedroom flat.
The entire property has a square formation, wide road frontage along the
Queens highway and is situated next to
the river bank.
Both lots on separate titles have a land
area of five acres, one rood and 36 perches and have drains on either side outlining the boundary lines.
With the land subdivided in 1963 and
1991 respectively the property falls under
the Navua Rural Authority and has regular garbage disposal facility.
Within easy travelling distance to the
main Navua township for shopping needs,
this is also just minutes drive away from
2 THE FIJI TIMES —SATURDAY, JUNE 28, 2014
the Uprising Resort, The Pearl South Pacific Resort and The Pearl Championship
Golf Course for times of relaxation, recreation and golfing.
With a market valuation in 2013 of
$1.64 million, this is the perfect opportunity to get into business mode with an
already established business entity that
also provides ample opportunity for diversification.
For the right offer the owners are willing to include the brand name as well as
office and factory machinery.
For more information on the property
and to arrange a viewing appointment
contact Jasmindar Singh on 9967118 or
[email protected]
Source: Harcourts Fiji
Finding a house in a crime-free area can be a challenging task but home security is a must.
PHONE: SUVA: 330 2268 | NADI: 675 0420
FOR SALE
MAMANUCAS, Malolo Island – Enjoy
the breathtaking ocean views and
the tranquility of this 817 sqm site on
Malolo Island. Just a short boat ride
to the world famous “Cloudbreak”
surng site and overlooking the new
Vunabaka Marina. Build your dream
home and secure your future “home
away from home”. Call Dick 998 5790
The entire property has a square formation. Picture: SUPPLIED
CORAL COAST – Around the Coast
is a secluded resort that has 16
rooms. Situated on 120 acres of
freehold land there is ample room
for expansion. With a valua�on of
5.45 million the owners are realis�c
to any reasonable offer around that
gure. Inspec�on by appointment
only. Call Dick 998 5790
CORAL COAST – Price reduced!! A
spectacular freehold private estate
si�ng on approx. 20 acres. This
rare freehold beachfront property
yields the perfect venue for a worldclass resort or an ideal private
estate. Excellent landscaping. USD
$695,000. Call Sapna 997 7817
SIGATOKA – 3 bedroom execu�ve
house including an en-suite upstairs,
open plan and 2 ats downstairs
both 2 bedrooms each. Separate
storage and tool room. Roo�op with
spectacular views. A must view!
$600,000 neg. Call Sapna 997 7817
With a market valuation in 2013 of $1.64 million, this is the perfect opportunity to get
into business mode with an already established business entity.
Picture: SUPPLIED
Nadi: Ground Floor, Appraisals Pacic Building, Mar�ntar
Ph: 675 0420 | Fax: 675 0421 | www.bayleysji.com
Suva: 1 Thurston Street | Ph: 330 2268 | Fax: 330 2322
Licensed Real Estate Agents No. 0038
Picture: NETLOID
THE PACIFIC’S PROPERTY PROFESSIONALS
NADI, Fasa Avenue – Freehold
4 bedroom recently refurbished
house, 1060 sqm, separate laundry,
greenhouse, beau�fully landscaped.
$300,000. Call Sapna 997 7817
NADI, Namaka – Restaurant
business for sale, road frontage,
affordable rent, good returns,
includes all stock and furniture as a
going concern. Offers invited. Call
Sapna 997 7817
SUVA, Pathik Crescent, Namadi
Heights – Freehold property located
in Suva. Best loca�on. Residence has
3 bedrooms plus master bedroom.
Large back yard. Tender closes 30th
June 2014 unless sold prior. Call
Mark 900 6407
SUVA, Dabea Lane – Dabea
Lane Factory & Land – Industrial
warehouse property plus plas�c bag
and gallon making business. 100%
managed business with increasing
prot. Land area 1500 sqm. Call
Mark 900 6407
SUVA CITY, Marks Street – Retail
shops on the ground oor in a very
busy loca�on. Shop 2: 1,260sqf with
1,022sqf storeroom. Shop 3: 1022
sqf. Rentals from $6,555 VIP. Call
Mark 900 6407
Launching Soon – The Moorings,
Denarau. Register your interest
for
pre-launch
invita�on:
enquiries@bayleysji.com.ł
FOR RENT
NADI, Wailoaloa – 2 bedroom
execu�ve
apartments
available, swimming pool,
2 mins walk to the beach.
$3,500 per month. Call Sapna
997 7817
NADI, Ragg Street – Stylish
2
bedroom
furnished
apartment, ground oor,
gated and secured. $2,500
per month. Call Sapna 997
7817
NADI, Wailoaloa – Upmarket
3 bedroom home including
an en-suite, 2 ½ bathrooms,
separate laundry, mini bar
room, large pa�o with sea
views, pacic green furniture,
swimming pool and 2 mins
walk to the beach. $5,000 per
month incl. power and water.
Call Sapna 997 7817
NADI, Votualevu – 4 bedroom
unfurnished house on it’s
own in Malawai Subdivision.
Spacious kitchen and dining
area. View today! $800 per
month. Call Dick 998 5790
PRINCIPAL SPONSORS OF THE BAYLEYS
FIJI CORAL COAST SEVENS
THE FIJI TIMES — SATURDAY, JUNE 28, 2014
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Property Guide
E: [email protected]
Grab an investment opportunity at Fantasy Island
S
ET in the heart of Nadi Bay, Fantasy Island has earned a strong reputation in
recent years.
The development is now well-established and the developer has released the
fourth and final stage of the residential land,
releasing 10 beachfront, 21 canal front and
eight lifestyle lots for sale.
This new release also sees 18 prized canal
front commercial lots on the market, sure to
be popular with savvy investors on the lookout for a prime location.
All lots have water frontage onto canals and
twenty-seven have absolute beach frontage.
Most lots are more than a quarter acre with
water, sewer, power and telecom services
underground. Roads are sealed and equipped
with street lighting.
This stage also includes two resort lots
along the main channel.
Residential lots in Stage Four are selling
quickly. There are 27 beachfront lots, of which
12 are still available and 46 canal frontage
lots, with 29 still available. Stage Four provides a development concept that has never
been available in Fiji, with quality waterfront
real estate at very attractive prices.
Nadi Bay has turned into a thriving tourism
hub, with standards not seen before in Fiji.
Professionals West Realty director Ms Carol West says sales in the development have
surged in recent months, with three blocks
sold in the last week alone.
Most lots are more than a quarter acre with water, sewer, power and telecom services
underground.
Picture: SUPPLIED
Source: property.com.fj
This property and more can be found at:
All lots have water frontage on to canals and twenty-seven have absolute beach
frontage.
Picture: SUPPLIED
Reclamation and ground shaping work on Fantasy Island’s own world-class marina precinct is almost complete.
4 THE FIJI TIMES —SATURDAY, JUNE 28, 2014
The strong interest in Fantasy Island both
locally and internationally is because of its
stunning Nadi Bay location and competitive
prices.
Fantasy Island offers some of the lowest
entry level land prices in a gated community
in Fiji. Large beach front lots on Fantasy Island
are selling for $380,000+VAT, offering buyers
spectacular views and value for their money.
Residents are just four kilometres drive
from Nadi International Airport and benefit
from the close proximity to Denarau and Nadi
Town Centre. However, residents need not
leave the island to find entertainment in the
future.
Reclamation and ground shaping work on
Fantasy Island’s own world-class marina precinct is almost complete. The passenger terminal will be located on an acre and a half of
waterfront adjoining the harbour.
The sizeable terminal building will house
several rental offices, shops and restaurants
and the top floor will have an international
standard nightclub and bar/restaurant.
For all enquiries contact Carol West of Professionals West on +679 999 2051 or email at
carol@professionalsfiji.com.fj
The strong
interest
in Fantasy
Island both
locally and
internationally
is because of
its stunning
Nadi Bay
location and
competitive
prices
Reclamation and ground shaping work on Fantasy Island’s own world-class marina precinct is almost complete.
Picture: SUPPLIED
Picture: SUPPLIED
THE FIJI TIMES — SATURDAY, JUNE 28, 2014
5
Property Guide
E: [email protected]
T
By DAWN GIBSON
A successful real estate investor learns to look beyond style and the physical attributes of prospective purchases and concentrates
on the potential for land appreciation.
Picture: BLOGSPOT
HE Cove, Denarau Island is without doubt one of the finest addresses in Fiji and the South Pacific.
And it just so happens that Lot 21 The
Cove is now being offered for sale.
This freehold 1664 m2 home site enjoys a prime waterfront position, being
at the mid-point of the exclusive horseshoe-shaped island, within the overall
Denarau location.
The view across the wide sheltered
bay and beyond to the interior hills bordering the Nadi Plain is absolutely stunning, to say the least.
Additionally, there is provision for a
deep water private pontoon to adjoin the
property.
Concept plans have been drawn by a
leading Fiji-based expatriate architect
and these will be made available to the
new owner upon purchase of the property.
Denarau Island is a proven leisure investment destination and is the hub of
Fiji tourism.
The Cove is a short walk to the Denarau International Golf and Racquet
Club, the Port Denarau Marina, the Port
Denarau Retail and Commercial Centre
and a number of internationally branded
resorts.
These include the renowned Sheraton
Fiji, Sheraton Villas, Westin, Sofitel, Fiji
Beach Resort and Spa managed by Hilton, Radisson Blu, and the Wyndham Resort — all of which offer stunning views
of their own.
All this is no more than 20 minutes
drive from the Nadi International Airport
and 50 minutes from the magnificent
new Natadola International Golf Course.
If you are keen on having a peak at this
great spot, contact Phillip Toogood on
philip.toogood@bayleysfiji.com.fj or on
mobile 9991449.
Source: Bayleys Fiji
Rural
lifestyle at
its best
By DAWN GIBSON
A
RE you sick of the hustle and bustle of city
living? Have you ever
thought of packing up
your things in search of a quieter existence on a farm in the
country? If this sounds like you
then the Viria Farm Retreat is
the answer to your prayers
Set on 265 acres of freehold
land, the Viria Farm Retreat
offers great expanse of untouched land to tend to as you
wish.
This property offers a unique
opportunity to live a simple rural lifestyle in complete comfort while enjoying the income
that the established farm produces.
Nestled within the lush surrounds of the Viria farming region, this property is home to
a thriving livestock operation,
with 130 cattle and 300 sheep
providing steady income for
the owners. You need not worry about poor phone reception
either as the property has it’s
very own mobile tower, generating $8000 in revenue each
year.
Located just 50 minutes
drive north of central Suva the
property includes two separate living quarters and offers
the best in modern rural living. The three-bedroom main
6 THE FIJI TIMES —SATURDAY, JUNE 28, 2014
E: [email protected]
Luxury at The Cove
Look beyond
the physical
attributes
IT’s quite common when visiting a property or looking for a home or a piece of
land, to pay attention to the physical
attributes alone, of the property.
This is understandably the case given
that it’s the part that everyone sees
—when you have guests for instance —
it’s the first thing they’re likely to judge
as well.
This however, should not necessarily
be the focus of your attention if you’re
looking to purchase.
Real Estate Agents Licencing Board
CEO Ravinesh Murti believes it is important to look past the style of a property.
“The successful real estate investor learns to look beyond style and
the physical attributes of prospective
purchases and concentrates on the
potential for land appreciation,” Mr
Murti said.
“This requires overlooking the most
attractive houses in a target location
and concentrating on those that provide
opportunities for improvement that will
enhance the value of the land.”
He said more people needed to invest
in actually learning to understand the
high value of land.
“Understanding land values will
change the investment view of the
under-maintained ranch house from
‘unattractive’ to ‘money maker’.
“The demand is key to future property price growth. Modern outlook with
landscape gardens, car parks, entertainment areas, modern designs, paint
texture, fencing and roofing style all
add value to the property.”
Property Guide
home is beautifully appointed,
with a warm open-plan layout,
left unfurnished, ready for
your own personal touches.
A large wraparound veranda
opens out to vast expanse of
manicured lawn, perfect for
entertaining friends and family.
The main home also accommodates staff in their own
self-contained workers’ quarters. Comfortable and neat,
these quarters can be completely closed off to the main
house, or left open as extra
guest accommodation.
The property also has its
own self-sufficient water
source and full FEA power.
Smart investors will also see
the value in the sheer quantity
of freehold land on offer. The
265 acres affords many development possibilities in this
quiet picturesque area.
For all enquiries or to arrange an inspection please
contact Farid Khan at Hills Real
Estate on 926 9607 or faridkhan@hillsrealestatefiji.com
Denarau Island is a proven leisure investment destination.
Picture: SUPPLIED
The view across the wide sheltered bay and beyond to the interior hills
bordering the Nadi Plain is absolutely stunning.
Picture: SUPPLIED
The Cove is a short walk to the Denarau International
Golf and Racquet Club.
Picture: SUPPLIED
FOR SALE
Shop 3A Ground Floor, Vanua House, Suva O: 331 0069 F: 331 0070
The Viria Farm
Retreat offers
great expanse of
untouched land
to tend to as you
wish
HOT PROPERTIES
BAYVIEW HTS, Samlal St
Open Home: Sat 2.30-3PM
3brms, ensuite, modern,
freehold, sought after location.
Call Brendon 939 5162
NAILUVA, Raisara Rd
Source: property.com.fj
This property and more can be
found at:
Open Home: Sat 3-4PM
2brm home, 1/4 acre freehold
section. Heaps of potential.
Call Natasha 972 0473
We’ll Make your Dream Real
www.rhooker.com.ł
THE FIJI TIMES — SATURDAY, JUNE 28, 2014
7
Property Guide
E: [email protected]
Land location vital
By DAWN GIBSON
S
ELLING or renting a property is not an easy
task, and naturally anyone planning on doing
either will need to consider a few very important things in order to do this well.
Some things to consider, according to real estate’s
go-to man Ravinesh Murti, include location and price.
“Location is vital. A property in Ba may sell at the
maximum price of $150,000 yet that same property
in Suva can sell at up to $400,000,” the Real Estate
Agents Licencing Board (REALB) CEO said.
“All investment properties depend on the income
earned by the property itself.”
He said the importance of location should never be
undermined.
“Many fail to remember the slogan of the real estate
industry — ‘location, location, location’ — when trying to find the property that will lead to the greatest
investment performance.”
Interestingly, Mr Murti pointed out that the value
of the land, is in fact of particular importance when
contrasted against a property that may be built on the
land.
“The reality is that the physical structure actually
depreciates over time. It is the land underneath the
structure that appreciates in value.
“This is a significant distinction considering that the
purchase of a home is the single greatest investment
that most retail investors will make in their lifetimes.”
Failing to pay attention to this fact could end up
costing sellers in the long-run.
“Failing to look at one’s home as an investment and
understand the drivers of value, or concentrating on
functionality and accommodation can limit the property’s overall performance and opportunities to maximise wealth.
“Understanding how location and the future prospects of land values influence property returns allows
investors to make better choices between competing
assets.
“The reason that land is an appreciating asset is a
simple one. It is in limited supply, and no one is producing any more.”
So, hopefully this allows you to understand the absolute vitality of land itself and the attention you can
place on land in the future.
8 THE FIJI TIMES —SATURDAY, JUNE 28, 2014
Understanding
how location
and the future
prospects of
land values
influence
property
returns allows
investors to
make better
choices
between
competing
assets
The value of the land is in fact of particular importance when contrasted against a property
that may be built on the land.
Picture: BLOGSPOT