Lot 1 Naranji, Suva, Fiji

Prime Residential Development Opportunity.

Introduction: Nestled in the heart of Fiji's vibrant capital, Suva, lies an expansive parcel of land spanning 29.37 acres in the picturesque Naranji Street, Wailoku area. This prime piece of real estate offers a proposed subdivision for residential development, which comprises of 97 lots, of which Lots 1-88 are for residential purposes, Lots 90-93 for reserve and lots 94-98 for road access and Lot 89 having an area of 8,147 square meters has been designated for strata apartments / high density residential development making it a highly sought-after asset in the region.
Location: Situated at the end of Naranji street, a suburb and well-established neighborhood is characterized by executive type homes with scenic views of the Suva Harbour and surrounding developments comprise of good quality single to double storey homes with notable executive quality residential dwellings such as Capital Hills, Viti Towers and Viti Apartments located within close proximity. Local shopping facilities are available at MH's Super Fresh and Kundan Singh supermarkets, both along the main Princess Road. Known for its lush greenery and serene ambiance, this land parcel enjoys proximity to Suva's bustling city center while maintaining a sense of tranquility and seclusion. With easy access to essential amenities, educational institutions, and recreational facilities, it presents an ideal blend of convenience and natural beauty.
Features: The freehold 29.37 -acre land boasts diverse topography, including gently rolling hills, verdant valleys, and panoramic vistas of the surrounding landscape. It offers endless possibilities for a prestigious high density residential enclave.
Potential Usage:
Residential Retreat: The sprawling expanse of land provides ample space for the development of mid-tier residential estates or affordable housing lots, offering residents a tranquil sanctuary amidst nature's splendor. Planned communities could incorporate sustainable design principles, preserving the area's natural beauty while fostering a sense of community living.
Investment Potential: Investing in the 29.37 -acre land in Naranji street, Wailoku, Suva, Fiji, offers a lucrative opportunity for individuals, businesses, and institutional investors alike. With Fiji's robust economic growth, favorable investment climate, and increasing demand for quality real estate, the freehold property holds immense potential for capital appreciation and long-term returns on investment.
Sale by TENDER Closing Friday 4pm, 6th December, 2024 (unless sold prior).