- The property occupies 29.9ha of the 30ha island
- Island resort sales are picking up pace
- Another private island recently came to market in Australia
If owning an island resort is on your to-do list, opportunities are picking up.
Recently, a six-hectare island in Australia’s Great Barrier Reef was offered for sale. Enjoying a balmy 25 degrees Celsius almost all year round, the property is famed for appearing in a XXXX beer campaign and known as XXXX Island for two years during a promotional period that gave people the chance to win an all-expenses-paid holiday if they found the sought-after golden beer can.
Yasawa Island five times larger
The latest island to come to market is located in Fiji.
While not a private island, the Yasawa Island Resort & Spa occupies 29.9 hectares of the 30 hectare Yasawa Island, some 25 minutes flight from Fiji’s Nadi International Airport.
Including 18 luxury beachfront bungalows, a private airstrip, world-class food and beverage, and an award-winning day spa, the property is being sold via an International Expression of Interest campaign closing 11 May 2023, managed by CBRE Hotel’s Tom Gibson and Michael Simpson.
The all-inclusive resort also offers a suite of incredible activities and dining options, from kayaks and stand-up paddle boards to village visits, trips to the Blue Lagoon Caves, guided snorkelling, and private beach picnics. According to the Yasawa Island Resort & Spa website, PADI Discover Scuba Diving pool sessions and PADI Open Water certification courses also come complimentary.
“The availability of vacant possession and size of land, provides the incoming owner with an incredible opportunity to expand the scale with the inclusion of luxury branded residences,” Gibson said.
“Possible expansion plans include the expansion of rooms to 50 keys to include beach front, ocean view and garden rooms, as well as the development of branded residences to create an integrated resort.”
Simpson added, “The strength of the luxury resort sector globally has proved to be both resilient and highly sought-after,”
“Yasawa Island Resort & Spa presents as a logical opportunity to engage in one of the leading hotel managers to set a new benchmark in the market.”
According to CBRE, over recent years, Fiji has attracted widespread global interest for ultra high-end destinations, including COMO’s Laucala Island owned by the Red Bull family, and Kokomo Private Island Resort owned by Lang Walker AO.
Vendor, James McCann adds, “The resort has been part of my wife Erin’s life since the late 1990s when she was the resort General Manager and then from our family’s ownership since 2010. The incredible people of the Yasawa Islands have formed a bond that will continue with us for the rest of our lives. We look forward to seeing the wonderful and exciting next phase for the resort that a new owner could bring.”
