Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 1

Information Memorandum Naikorokoro, Saweni Bay, Viti Levu, Fiji

For Sale by Negotiation

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 2

Contents

Introduction & Contact Details 4

The Opportunity 5

Executive Summary 6

Key Investment Attributes 7

Development Concepts 8

Location 11

Site Description 12

Disclaimer 13

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 3

3

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 4

Introduction & contact details

Knight Frank New Zealand has been appointed by Oldzone Corporation Limited to market

the property at Naikorokoro, Saweni Bay, Viti Levu, Fiji for sale by negotiation.

This Information Memorandum provides preliminary information to assist interested

parties with their assessment of the property. This information can also be accessed via

the Knight Frank website on the following web link: KnightFrank.co.nz/FJSaweniBay

This Information Memorandum is produced as a general guide only and does not

constitute valuation advice nor an offer for sale or purchase. All parties should undertake

and rely on their own independent due diligence investigations and not rely on the

information contained in this document to make their purchasing decision.

Sales Process

Knight Frank is proud to offer For Sale by Negotiation.

Rick Kermode Resort Island Specialist,

Industrial & Commercial Sales & Leasing Broker

M +64 21 882 452

E rick.kermode@nz.knightfrank.com

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 5

The opportunity

Knight Frank is proud to be appointed by Oldzone Corporation Limited to offer for

sale with expressions of interest from potential investor’s and experienced

developers.

The 250 acre (approximately) development site is located in a central position in the

Saweni Bay area. This is a major tourism growth area that lends itself to numerous

development opportunities.

The land portion of the property commands dramatic 360 degree views, from

Denarau Island and Momi to the South, the Mamamuca Islands to the West, the

southern Yasawa Islands to the North and the Port of Lautoka and the Mount Evans

range to the East.

The properties size, close proximity to Nadi International Airport and clear, deep

water reefs surrounding the area, provides the opportunity for a range of tourism

and marina developments.

Major resorts, flashpackers, eco-tourism, apartment and deep water marina

developments could all be accommodated on this site.

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 6

Executive summary

The Vendor Oldzone Corporation Limited

Location Saweni Bay, Viti Levu, Fiji

Description 25 ha of 99 year state tourism lease land, plus a further minimum of 75 hectares of state foreshore development lease land

Area Breakdown 25 hectares of hard land

75 hectares of foreshore (3.5km of foreshore frontage)

Total Area 100 hectares (250 acres)

Sales Process For Sale by Negotiation

*A copy of the Foreshore State Leases is available on request

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 7

Key investment attributes

Large block of 250 acres (approximately) of crown land and foreshore lease. Crown tenure is the second highest form of lease offer in Fiji which has only 8% of

its land with this status

Proximity to Nadi International Airport and Lautoka City and central location to the Mamanuca and Yasawa Islands

Flexibility in development, design and build options

Other developments in the area are transforming this area and basic infrastructure is close by

White sand beaches are common in this site and there is no river in the area

Gentle flat sheltered land with an existing resort infrastructure that is close by

Three resorts in a 5 km radius and further developments are underway

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 8

Development concept one

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 9

Development concept two

Marina

Residential

Commercial

Resort/Green Spaces

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 10

Development concept three

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 11

Location

Close proximity to Denarau and Nadi International airport.

Second city of Fiji, Lautoka is close by as are three resorts that have been

operating for over 10 years.

Lautoka is approximately 10 minutes away from this site and 20 km from Nadi

Township. The main State highway between Nadi and Lautoka runs past the

site, some three minutes away. The government has embarked on a major

road maintenance programme with an overseas party.

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 12

Site description

Two key fixed assets are two parcels of Crowne Lease which are

located at Naikorokoro Point near Saweni Bay. This is a key

location in terms of Fiji’s tourism base on the Western side of

Viti Levu as it is only 15 km north of Nadi International Airport

and only some 20 minutes drive by car.

Copies of State Lease 16531 (approx. 25 hectares of hard land)

and State Foreshore Development Lease 60/997 (approx. 75

hectares of foreshore) are available on request. The total

development area is approx. 100 hectares (approx. 250 acres).

Crown tenure is the second highest form of lease offer in Fiji

which has only 8% of its land with this status.

The property enjoys great views to Waya and the exclusive

Vomo Island Resort.

Beautiful Coastal sand beaches with no river systems in the area.

Boundary lines are approximate for marketing purposes only

Information Memorandum – Naikorokoro, Saweni Bay, Viti Levu, Fiji 13

Disclaimer

The information contained in the report is published by Knight Frank for the vendor,

solely for potential purchasers to assist them in deciding whether or not they wish to

make further enquiries with respect to the property.

None of the information contained in this report can constitute any representation or

offer by the vendor or the Agent. Prospective purchasers and their advisors should make

their own enquiries to satisfy themselves as to the correctness of the information.

The agent will not assume liability for negligence or otherwise for the material contained

in this report. Any liability on the part of the Agent, its employees or agents for loss or

damage in any claim arising out of or in connection with this memorandum other than

liability which is totally excluded by this clause, shall not (whether or not the liability

results from or involves negligence) exceed $1,000.

Value Added Tax Disclaimer

The purchase price and the value of the property may be affected by Value Added Tax

(VAT). Knight Frank is not qualified to provide advice on any VAT issue relating to the

property including how the purchase should be structured to comply with VAT legislation

in Fiji.

You should satisfy yourself by your own enquiries as to the impact of VAT upon the

purchase price. Neither the Vendor nor Knight Frank makes any representation, express or

implied, as to whether or not VAT has any effect on the property or the purchase price.

KFNZ Ltd, LA (REAA 2008), MREINZ