O Owning an apartment in the South Pacific’s largest integrated resort is a dream for many proprietors, particularly when there’s lucrative rental income to be obtained for absent owners.
The Terraces Apartment Resort, Radisson Blu Resort Fiji, Sheraton Fiji Resort & Spa and the Hilton Fiji Beach Resort & Spa all offer permanent apartment units for investors and according to the island’s key real estate agency, Professionals West Realty, all returns are paid quarterly and income based is on occupancy- with all properties maintaining 100 per cent occupancy during peak season.
They all incur body corporate fees and returns on a percentage basis are anything from seven to 11 per cent, with annual increments.
Apartments range from studios to penthouses and typically include luxury furnishings and finishes, with dual key access, private plunge pools, restaurant access and other amenities.
Some are split-level, and there are varying periods of annual entitlement for owners.
Upcoming complexes include Denarau Moorings, which brings to the market 56 luxury apartments with optional marina berths and a 131-room hotel, on the banks of the Denarau River. The development is expected to include underground parking, resort pools and apartments with a mix of 2-bedroom properties and 3-bedroom duplex penthouses, designed by local, award-winning architects, the Sharma Design Group, with prices beginning about $900,000.
Denarau Waters is an upcoming, mass scale tourism and residential development on the Southern half of Denarau that is also due to offer opulent dwellings.
Being on Denarau, apartments here retain all the trappings of an upmarket, resort lifestyle and are walking distance to the Denarau Industrial Park, Port Denarau’s plethora of ethnic cuisines, retail shops and wellness centres, as well as the hugely popular Denarau Golf Club, Big Bula Water Park, and other recreational attractions, as well as proximity to the scenic Mamanuca and Yasawa islands. Nadi’s central business district is a 10-minute drive away, and the Nadi Airport is about 20 minutes to the other side of town.
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