Description

Property ID: 35687192

Lots 94, 95, and 50 in Stella Mare Stage 2 sit side by side at Second Lagoon on Efate. Three commercial leases. One combined holding. A brand new 400m2 light assembly building was completed in 2024 and is already in place. A second structure is in progress on site. Existing works include a concrete slab, crushed coral access parking, a buried water tank, landscaping, and a septic system. Mains power is connected to all three lots. This is the kind of multi-title commercial parcel that does not come up often on Efate.

PROPERTY HIGHLIGHTS

Three commercial titles combined: 12/0921/363, 12/0921/364, and 12/0921/349
Total land area of 10,633m2 across all three lots
New 400m2 light assembly building (2024), suitable for finance security
Second structure currently in progress on site
Mains power connected across all three titles
Concrete slab, coral access parking, buried water tank, and septic installed
Two titles have 47 years unexpired; third has 70 years remaining
All three leases are commercial class with no known disputes or breaches
Tar-sealed road access in good condition
High public transport availability from the main road

LEASE DETAILS
Title 12/0921/363 | Lot 94 | 3,731m2 | 47 years remaining | Annual land rent VUV 34,000
Title 12/0921/364 | Lot 95 | 3,470m2 | 47 years remaining | Annual land rent VUV 31,200
Title 12/0921/349 | Lot 50 | 3,432m2 | 70 years remaining | Annual land rent VUV 10,000
All leases are commercial class on a 75-year term

LOCATION

Development: Stella Mare Stage 2, Second Lagoon, Efate
Road: Tar-sealed, good condition
Public transport: High availability from main road
Power: Mains connected to all three titles
Mobile coverage: Digicel and Vodafone
Shops and services: Low to moderate proximity