Prime Development Site in Joint Court, Port Vila – Harbour Views & Excellent Potential

Description

Description d'origine de l'agence, en anglais.Traduire avec Google →

Perfectly located next to the International School and only 10 minutes’ walk from town, this property represents a rare and highly attractive investment opportunity in Port Vila. Set on a very large block of land (2495sqm), the property comprises two separate apartment blocks, each containing two spacious 3-bedroom apartments: a total of four large self-contained apartments. Each apartment is approximately 200 sqm, offering exceptionally generous living space. The layout is practical and family-friendly, with a large open-plan kitchen, dining and living area on the ground floor, while the bedrooms are located upstairs and enjoy pleasant views. Each apartment includes 3 bedrooms, 2 bathrooms, and 3 toilets, making them ideal for families, professionals, or long-term tenants. The buildings are extremely solid and have proven their strength over time, having withstood Vanuatu’s earthquakes, cyclones, and other severe weather events. One building is constructed from reinforced brick/concrete, while the other has a strong structural frame covered with fire-resistant Kevlar material. The property also benefits from an excellent rental history. The apartments are almost always rented, with very limited vacancy, thanks to their prime location close to the school, town, and essential amenities. The large land size also offers potential for future development, with the possibility, subject to the necessary approvals, to add another apartment block or additional studios to further increase rental returns. With its strategic location, strong construction, spacious apartments, excellent rental demand, and future development potential, this property is an outstanding opportunity for an investor seeking a reliable, long-term income-producing asset in Port Vila. This is an EXCLUSIVE real estate listing with First National Vanuatu, contact our team to arrange a viewing and to learn more!