The Nadi Bay Beach Estate is up for sale for $3.6 million. Photo: BAYLEYS FIJI
By RACHNA LAL
Nadi Bay Beach Estate, a beachfront backpacker resort in Wailoaloa, Nadi, is on the market for sale for $3.6 million.
Real estate agents, Bayleys Fiji, said the resort has a total of 28 beds within six dormitories that occupy the ground level and a total of 16 rooms on the upper level.
Bayleys Fiji said the property is currently leased out to Backpacker Connections (Fiji) Limited for an initial term of three years commencing December 2, 2010 with one right of renewal for a further term of three years.
“The property is used in connection with Smugglers’ Cove Resort and as such, there is no kitchen provided within the property,” it said.
“Nadi Bay Beach Estate has established itself as the prime location for budget-type resort development and has had a high concentration of budget and backpacker tourist inflow over the recent years.
“Nadi Bay is located on Wasawasa Road, along the Nadi Bay Foreshore.
“The area is commonly known as Wailoaloa Beach which predominantly caters for executive type residential and tourist-related developments.”
The property is 7.5 kilometres away from Nadi International Airport or 15 minutes drive and 6.5 kilometres away from Nadi town centre.