Price on Application

The Koro Sun Resort is currently operated as an expansive resort and is offered as an established going-concern business comprising 56 free standing units of accommodation, three restaurants, four bars, three swimming pools, a nine-hole golf course and significant on-site amenities. The Koro Sun Resort is built on freehold and leasehold waterfront land totaling approximately 150-acres.

There are two distinctly different levels of accommodation within the current Koro Sun Resort. The waterfront buildings are high quality and this section of the resort could operate as an independent luxury boutique resort with a high level of service and guest experience. The Garden Villas could also operate independently and target a more budget international traveler. The best way to consider this opportunity is to divide the “Koro Sun Resort Portfolio” into it’s components and consider the potential of each:

WATERFRONT RESORT

The waterfront properties are built on 7-acres of foreshore land and could operate as a luxury 24-waterfront villa resort complete with a restaurant, Latitude 17, and swim-up bar & swimming pool. The resort is cleverly built around a marina which could provide couples with access to diving, snorkeling and cast-away picnic excursions.

(The Competitive Set for a Luxury 24-villa Resort would include: Namale Resort, Matagi Island Resort, The Remote Resort, Likuliku Lagoon Resort, and Tokoriki Island Resort)

WATERFRONT RESTAURANT - LATITUDE 17

WATERFRONT BAR - SAND BAR

EDGEWATER VILLAS (Waterfront Resort)

There are 2 Edgewater Villas which are two story, one bedroom villas with a floor area of approximately 95m2.

EDGEWATER BURES (Waterfront Resort)

There are 10 Edgewater Bures which are studios comprising approximately 45m2 of floor area.

EDGEWATER FLOATING BURES (Waterfront Resort)

There are seven single bedroom floating bures with a floor area of approximately 28m2.

EDGEWATER TWO BEDROOM MARINA BURE (Waterfront Resort)

There is a two bedroom marina bures with a floor area of approximately 72 square meters.

LIGHTHOUSE VILLA (Waterfront Resort)

At the eastern edge of the Resort property perched above the ocean is the Lighthouse Villa which has a floor area of approximately 55 square meters.

GARDEN RESORT

Set on 28 acres of Freehold Land is a 30 Garden Villas Resort, complete with a reception Palm Grove Restaurant & Bar, Two swimming pools, Rainforest Spa, Recreational Centre & Kids Club, 9-hole golf course, and two tennis courts. (The Competitive Set for this Resort is: Garden Island Resort, Paradise Taveuni, Beqa Lagoon Resort & Uprising Beach Resort)

RESTAURANT, BAR, POOL & RECEPTION (Garden Resort)

RAINFOREST SPA (Garden Resort)

TREETOP HONEYMOON VILLA (Garden Resort)

A Treetop Plunge Pool Villa caters to honeymoon and romantic couples and has a floor area of approximately 63 square meters.

TWO BEDROOM POOL VILLAS (Garden Resort)

There are seven two bedroom pool villas with an approximate floor area of 61 square meters.

TWO BEDROOM BURE (Garden Resort)

There are eight two bedroom bures each with approximately 58 square meters of floor area.

TROPICAL APARTMENTS (Garden Resort)

There are six studio apartments with a floor area of approximately 28 square meters of floor area.

GARDEN STUDIO BURES (Garden Resort)

There are eight garden bures with a floor area of approximately 28 square meters of floor area.

THREE BEDROOM VILLAS

The largest accommodation on the Resort are two three bedroom villas with a floorarea of 170 square meters each. These buildings enjoy views across a flowing freshwater stream to the ocean. These villas are located to the eastern boundary with access to the main road. These villas could be premium family villas and added to the Garden Resort inventory or they could be sold as established residential houses.

RESIDENTIAL LOTS - 15 LOTS

There are 15 residential lots with road access on individual titles generally elevated and behind the “Garden Resort”. In the map below the “Garden Resort” is located on CT32396. The 90 Acres of undeveloped freehold land is located on the area defined as Balance Area CT32397. The “Waterfront Resort” is located across the Road on the land defined as Crown Lease CL 17281.

UNDEVELOPED FREEHOLD LAND - 90 ACRES

A further almost 90-acres of Freehold Land with road access is available for the development of an expansive private estate with spectacular views of the Koro Sea.

Koro Sun Resort Portfolio, Savusavu, Fiji