THREE TITLES. ONE RARE OPPORTUNITY

Description

Property ID: 35687192 Lots 94, 95, and 50 in Stella Mare Stage 2 sit side by side at Second Lagoon on Efate. Three commercial leases. One combined holding. A brand new 400m2 light assembly building was completed in 2024 and is already in place. A second structure is in progress on site. Existing works include a concrete slab, crushed coral access parking, a buried water tank, landscaping, and a septic system. Mains power is connected to all three lots. This is the kind of multi-title commercial parcel that does not come up often on Efate. PROPERTY HIGHLIGHTS Three commercial titles combined: 12/0921/363, 12/0921/364, and 12/0921/349 Total land area of 10,633m2 across all three lots New 400m2 light assembly building (2024), suitable for finance security Second structure currently in progress on site Mains power connected across all three titles Concrete slab, coral access parking, buried water tank, and septic installed Two titles have 47 years unexpired; third has 70 years remaining All three leases are commercial class with no known disputes or breaches Tar-sealed road access in good condition High public transport availability from the main road LEASE DETAILS Title 12/0921/363 | Lot 94 | 3,731m2 | 47 years remaining | Annual land rent VUV 34,000 Title 12/0921/364 | Lot 95 | 3,470m2 | 47 years remaining | Annual land rent VUV 31,200 Title 12/0921/349 | Lot 50 | 3,432m2 | 70 years remaining | Annual land rent VUV 10,000 All leases are commercial class on a 75-year term LOCATION Development: Stella Mare Stage 2, Second Lagoon, Efate Road: Tar-sealed, good condition Public transport: High availability from main road Power: Mains connected to all three titles Mobile coverage: Digicel and Vodafone Shops and services: Low to moderate proximity