Ramada Suites Fiji
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About this business for saleRamada Suites Fiji
Fiji's tourism industry is booming and so is property in Nadi.
Managed Apartment Investment Opportunity in Fiji. Only twenty of forty apartments are left for sale. Apartments will be placed in the hotel letting pool with owners receiving 28 nights usage per year, profit share surplus after pooled income and expenses and a Freehold Unit Title.
The Developers Smugglers Cove Beach Resort Fiji Limited, is constructing a six floor forty apartment resort called Ramada Suites Beach Resort Fiji. All forty apartments are now selling off plan. Only twenty are left for sale. All apartments will be finished and fitted out to Ramada world- wide brand standards. The development is situated on Freehold land (only 10% of land in Fiji is Freehold land) at Wailoaloa Beach, Nadi Bay and just 15 minutes’ drive from Nadi International Airport, Nadi Town and Port Denarau Marina. The views from the site are some of the best in Fiji looking out over Nadi Bay and across to the Mamanuca Islands & Southern Yasawa Islands. Ground floor features a Fitness Gym, Beauty and Spa Salon, Lap pool, Beachfront Deck and Sun lounge area, Kids Club, Delicatessen, Car Rentals and Reception. An elevator will take guests and visitors to each floor level including the sixth floor roof top Mariners Seafood Bistro and Conference room with 360 degrees views. Mix of 1 and 2 bedroom studios.
Cove Management, a related company of Smugglers Cove Beach Resort will manage the apartments on behalf of the owners. Owners will be members of the Body Corporate which will own the common areas of the property such as Pool, Stairways, Lift, and Pathways.
Please note price is from $350,000 plus local taxes.
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.