224 acres of freehold land on Qamea Island with sandy beachfront.
International Access to Fiji
The South Pacific and in particular the Fiji Islands are well served by international air and maritime transportation.
Direct flights will soon be available from and to Singapore and are available from and to Korea, Hong Kong, Japan, United States, Hawaii, Australia, New Zealand, New Caledonia, Vanuatu and other nations of the South Pacific.
Fiji is a member of the British Commonwealth and the main language is English where most citizens are English-speaking.
Access to Qamea
With most international flights arriving into Nadi International Airport on the western side of the main island of Viti Levu, to reach Qamea one needs to fly with Fiji Airways or Island Hoppers to get to Taveuni.
The flight is a visual adventure as you fly over breathtaking azure blue waters, coral reefs and deserted islands.
After the scenic flight of up to eighty minutes at the most, there is a drive of not more than 10 minutes to Navakacoa staging point from which the boat ride is less than five minutes to the white sandy beach frontage at Niubavu Estate on Qamea.
Niubavu Estate is located on Qamea Island, which itself is located just east of Taveuni, the third-largest island in the Fiji archipelago group, and is part of the Province of Cakaudrove to the north east of Fiji, and south east of Vanua Levu, Fiji’s second-largest island.
Located at approximately 16°74´73.41″S, 179°75´70.73″E, Niubavu Estate lies on the northern part of Qamea Island and it’s beachfront is almost adjacent with Matagi Island which has the Matagi Island Resort. To the east of Qamea is the world-reknown Laucala Island, which is less than ten minutes’ boat ride away from Niubavu’s beach frontage.
Qamea Island shares a common protective reef to the east with Laucala Island, Matagi Island and northeast Taveuni.
Climatically, this region is an idyllic balmy tropical paradise because it is sunny during the day, cool and even rainy at night complemented by moisture laden winds from the east.
The winter months bring blue skies and warm waters, whereas the summer months bring soaring temperatures of over 30 degrees Celsius during the day.
Furthermore, unlike many other Fijian destinations, this Estate is free of the overwhelming humidity which sometimes typifies this beautiful South Seas’ country.
Two more great aspects are the high sunshine hours in this part of Fiji and natural barriers of the reef protecting Laucala, Qamea and eastern Taveuni plus the elevation on the property which makes it safe from natural disasters like tsunamis and the rising ocean levels.
The northern part of Qamea is largely undeveloped, with a number coastal villages or settlements dotting the landscape, along with some subdivided allotments targeting retreat and lifestyle home investors which are available from Vausoqosoqo on the eastern coast through to Totogo Village just past Niubavu Estate to the northeast.
The main tourism development on Qamea is the Qamea Beach Club trading as Qamea Resort & Spa which has a total of 12 exclusive bures and has had a major upgrade completed by the new owners just several years ago.
Across from Niubavu on Matagi Island is the Matagi Island Resort and just a stone’s throw away from Qamea on its northeastern side is Laucala Island which was purchased by the owner of Red Bull energy drink in 2003 and an exclusive up-market resort destination including an airstrip was built on the entire area of the 3,017 acres.
On Taveuni and closer to the airport at Matei, there is a characterization of the area being that of tourism developments as well as coastal retreat residential developments.
A few kilometers south of Matei is a cluster of Resorts which includes Dive Taveuni, Maravu, Tovutovu, Bibi’s Hideaway and other establishments further south.
On the east of Taveuni are two of Fiji’s major environmentally friendly and eco-tourism ventures, namely Bouma Waterfalls & Forest Park and Lavena Kayaking & Forest Park.
A number of coconut estates are also part of the larger landholdings on Taveuni.
The owner of Niubavu Estate is Mr. Yogendra Ravinesh Sharma, a Fijian who is also a businessman.
Niubavu Estate is a Freehold land or land available in fee.
Only 8% of all land in Fiji fall in this category and the remaining 92% is held in trust for the benefit of the i’Taukei or the citizens via the State.
This is truly one of Fiji’s Crown Jewels being offered into the market, this private Estate and presents an almost unique opportunity to own an undeveloped freehold Estate in Fiji.
The land has been owned by various persons and was bought as an investment by the current owner.
The land has maintained its largely pristine and virgin state to present day because there is minimal human disruption by way of serious developments to this part of Fiji.
Certificate of Title 14086, Niubavu Estate has an area of 224 acres, 2 roods and 12 perches or 90.8842 hectares.
In reference to Certificate of Title 14086, the land forms an irregular shaped block with coastal frontage at Vatuacati Point and follows a ridge along its northern boundary.
The southern boundary forms a straight line from the coast with a total distance of 1,282 metres before turning almost 90 degrees to the south by another 658 metres to a creek which forms the common boundary with the adjoining native land.
In contour the land rises steeply from the coastal area at the point with more moderate slopes about the main strip falling toward the south and hilly for most of the land at the back.
The northern boundary line forms onto a ridge which enjoys sweeping views over the northeastern coast of Qamea, out across to Matagi Island and as far as Laucala Island.
The foliage and fauna on the land is considered near-pristine due to the property not being subjected to development, and so there are trees of endemic and introduced species found on the Estate along with wild fowls as well as other birds and other animals.
A detailed site survey has not been carried out in recent times, including when the current owner purchased the land in 2011, and to the best of his knowledge, there are no encroachments onto the title boundaries.
Optimal Land Use
Integrated land use methodologies have resulted in the identification of tourism as one of the prominent or commercially viable ventures on the island of Qamea and there is registered foreign interest for a new hotel investment estimated will be worth F$1.7 million which will compliment the established tourism business at the Qamea Resort & Spa.
There is an established pattern of demand from investors for secluded locations, pristine environment and freehold land tenure.
The property will fit nicely into subdivision for both the tourism and lifestyle residential subdivision types when considering the part of the property which is closer to the coastal frontage along through to the middle part because of the elevation which will allow for the enjoyment of sweeping views and is accessible from the sea.
The balance of land at the back can be best utilised for agricultural purposes, for instance yasi or sandalwood which is a very lucrative long term commodity with markets overseas.
A common access along the northern boundary ridge would be necessary for the subdivision of the property.
The property is still in an undeveloped state.
Like most island properties, power supply is mostly by diesel generators supplemented by solar power.
Water supply can be sourced from the various running creeks and supplemented by rainwater tanks.
In respect of communications, mobile telephone or cellphone has clear and uninterrupted reception on most parts of the property due to the elevation.
Comprehensive services are available at Waiyevo on Taveuni and Naqara, that island’s main commercial centre and these services include schools, a hospital, supermarkets, postal services, banking services, wharf for inter-island shipping as well a host of micro-economic activities.
The property falls within the Taveuni Rural Zone and all developments are controlled by the Taveuni Rural Local Authority in conjunction with the Directorate of Town and Country Planning.
The general types of usage for freehold properties in this locale are for tourism development along the coastal areas, lifestyle residential uses inland and also agricultural purposes on hilly inland parts.
Method of Sale
The Island is being sold “as is” as a property transfer with the cost of transfer and 2% stamp duty to the account of purchaser.
Upon settlement of the completion date, vacant possession shall be granted. Transfer of titles will be in accordance with the Laws of Fiji.
Tax and Economic Incentives for Investors
Short Life Investment Package or SLIP exists for approved projects where there is a certain tax free period of up to 20 years and the tax treatment of investments as allowances under Fiji Tax Law to affect tax positions, thus inducing investors.
There will be permanent changes to SLIP in 2016 and 2017 and this has been brought about by the government to try to collect tax revenues on profits generated within Fiji, but these anticipated losses will be more than offset by the Tax Free Region incentive.
Niubavu is in a Tax Free Region where company tax is exempt which means that all taxable income is exempted, so an investor saves up to 30% of profits realized and this is a huge incentive where returns to shareholders are increased substantially.
VAT is now changed from 15% down to 9% from 01 January, 2016 and these savings are passed onto investors where VAT charged on Customs Duty, charges and levies will not apply plus purchases in Fiji will cost less, overall more cash saved for injection into investing activities.
All raw materials are Duty Free from 01 January, 2016 which means that any items imported for development that meet the definitions of raw materials for tax purposes in Fiji will result in savings.
Labour costs and incidental risks to losses arising are low due to minimum wage rate being F$2.32 per hour and our Employment Relations Promulgation is not overly weighed in the favour of troublesome workers’ unions but where workers have rights to mediation and even strike (excepting workers employed in essential services) as means to resolve industrial disputes when they have grievances.
No better time as now to be investing in Fiji because we have a Government that enjoys the solid unwavering support from our military under Prime Minister Bainimarama, meaning that there is political stability.
Upon registering as a foreign investor with Investment Fiji, one will find out the full range of requirements that are to be met prior to acquiring Niubavu.
Owner’s Preferred Options
The owner prefers that the investor either 1) buy the property outright, where there is possibility for a long term settlement period of 12 months or even 24 months or 2) enter into a joint venture with the owner where the investor agrees to enter into a partnership to co-finance the development of the property in that the acquisition of the portion of the land agreed to will be paid immediately in cash.
Only serious prospective buyers who provide adequate evidence of their ability and qualifications to purchase Niubavu Estate will be introduced to the owner.
Asking Price: FJ$3,500,000