Absolute Beachfront Private Retreat For Sale, Taveuni, Fiji
ABSOLUTE BEACHFRONT · PRIME FREEHOLD · PRIVATE RETREAT · ADJACENT LAND OPTION
Coconut Grove Beachfront Cottages is one of Taveuni’s (and Fiji’s) best rated and most loved small resorts on arguably Taveuni’s best piece of beachfront real estate in central Matei. In operation for over 29 years under the direction of the founding owner, Coconut Grove Beachfront Cottages offers both lifestyle and income potential. But you may choose to simply close the gates and and enjoy this incredible piece of paradise as a private retreat exclusively for your family and friends.
Coconut Grove Beachfront Cottages is built on Lot 12 DP 4552, a half-acre property which enjoys direct access to a beautiful stretch of golden sand beach (32 metres of beach frontage) from where you can slip into the ocean and snorkel a vibrant and healthy house reef, two very rare commodities on Taveuni Island. Out of the water and you can be picking up friends or guests from the airport or collecting supplies from the local supermarket, both just a two minute drive away. Adjacent to Lot 12 is Lot 13 DP 4552 which is an additional half-acre property of undeveloped land offering the astute buyer development potential to expand the existing operations (more details on this option are below).
For those looking to combine lifestyle with income the property comes as a turnkey purchase, fully staffed with all major assets and inventory included. The property currently comprises of three separate, private cottages (bures) for resort guests, plus a main building housing the restaurant, owners accommodation and maid’s quarters. Water is provided via the Government water line and power is expected to be available from a hydropower project in the works but in the meantime the property is powered by a combination of generator and solar. The property enjoys power for 16 hours per day by 12 deep cycle batteries and 4 solar panels. The Generator is run during the day for 8 hours to fill the batteries. The property is wired for both 110V, as well as 240V. Air conditioning in master bedroom and Banana Bure.
The current owner has built up a very strong team, affording her the freedom to travel for 3+ months of the year. Over 23 Tripadvisor awards (including being ranked in the top 10% of resorts in the world) in the past nine years can attest to the team’s ability to operate the resort successfully and they would be delighted to continue working for new owners. The average tenure of the staff is 11 years of employment and there are three licensed massage therapists on staff.
Taveuni Island is well-serviced with supplies from the main island of Viti Levu with twice-weekly ferries and 3+ daily flights. It has many extraordinary diving and snorkeling sites, incredible nature walks, breathtaking waterfalls and amazing sunrises and sunsets.
The owner of Coconut Grove has secured undoubtedly one of the most prime pieces of beachfront real estate, as well as the adjacent undeveloped land and now is your chance to seize this incredible opportunity and make it yours.
Valuation and Adjacent Land
The valuation below was prepared in 2017. Please note that the valuation includes both Lot 12 (which is the lot Coconut Grove Beachfront Cottages occupies) and Lot 13 which is an undeveloped half acre parcel of land adjacent to Coconut Grove Beachfront Cottages.
Lot 13 is available for purchase with the purchase of Coconut Grove Beachfront Cottages which would give the purchaser a full acre of freehold land and a total of 64 metres of beach frontage). The additional amount for Lot 13 with the sale of Coconut Grove Beachfront Cottages is $425,000 (so a total of USD$1.405M for both).
The valuation of the business of Coconut Grove Beachfront Cottages including both Lot 12 and Lot 13 was for FJD$3M (approximately USD$1.5M).
Included Assets
Coconut Grove Beachfront Cottages is offered as a turnkey business and includes resort assets, fixtures, fittings and equipment necessary to operate the resort. As well as the ocean views, direct beachfront access, private bures, restaurant, owners accommodation, other outbuildings, some of the additional assets included are listed below:
Fully-trained resort team. The staff consists of 6 inside workers who run the resort plus 3 outside workers who maintain the buildings and property. On average, the staff have been here for 10+ years and are committed to the future success of Coconut Grove Beachfront Cottages.
Fully furnished throughout. All Appliances and white goods, chaise lounges, hammocks
Vehicles. Toyota Prado Automobile and Electric Golf Cart for short runs (airport, etc).
Power and Power Backup. 2 x 13.9 Kv Lister Generators, 2 Outback Invertors, 16 Deep Cycle Sealed Gel Batteries, 4 Solar Panels.
Guest Equipment. 3 ocean kayaks, 2 guest bicycles, Snorkeling and swimming equipment
In addition the resort owner is willing to help with the transition for up to 3 months, and provide backup management for certain periods each year should you wish to take an annual break away from Taveuni.
Titles
Certificate of Title Lot 12 DP 4552 (current site of Coconut Grove Beachfront Cottages)
Certificate of Title Lot 13 DP 4552 (undeveloped land adjacent to Coconut Grove Beachfront Cottages)
Property Map and Floorplans
coming soon!
