Vanuatu Beach Front Property $220,000
The Fare, Lot 34 is located at the north end of the exclusive gated community within the Eton Reef Estate.
Eton Reef is a 35 lot private secure subdivision and one of the top private estates on Efate. The estate
comprises of approximately 80acres of coastal land spanning 1.6kms along the coast. On entry through the
security gates you drive through a stunning coconut plantation, along a white coral road and you realize, yes,
you are in paradise.
Eton Reef GPS co-ordinates 17deg 47’34.30 S 168deg 33’3.46 E
Leasehold .All land in Vanuatu is leasehold with a 75 year lease in place renewable at any time but never to exceed 75 years. (They have a formula for the renewal, which would be done when you have 10 years to go, not going to bother us)
Size. 3800m2, with a 45 m2 traditional single Bedroom bungalow, bore water (beautiful and very drinkable), solar power.
Price :$220,000 AUST (finance available to approved purchaser through National Bank of Vanuatu), 30% deposit, loan in AUST dollars if you choose
Outgoings. Bodycorp approx $3000 AUST per annum (for gardeners, road and estate upkeep)
Lease fees : $100 per annum.
Property Maintenance and Upkeep. It costs approx $ 50 per week to have your own gardener keep your property mown and gardens in good condition.
Fly direct to Bauerfield Airport, Port Vila, Efate. Approx a 3hr flight from Auckland, Brisbane, Sydney.
Finally if required the seller (who is a builder) could build your new house, building costs are similar to Australia
IDEA !!!!!!! Why not go with 1 or 2 partners. You can build up to 3 Bungalows on the property or just 1 big house to share. This could then be rented out for holiday rentals to cover your costs for upkeep etc.
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