Pandanus Bay Waterfront Apartments

Address: Pandanus Bay Waterfront Apartments, Pango Bay, Port Vila, Vanuatu    Phone: 7771667

Investing

For a property investment to truly be successful it has to generate an income that is passive and also have capital growth.

To make sure this is the case Pandanus Bay Waterfront Apartments have been built to the highest standards in the best location available. These are the best Vanuatu waterfront holiday rentals. As a result your investment is well placed to appreciate in value with time. In the mean time, the apartments have been structured to generate a generous holiday rental income. To achieve this, the apartments have full time on-site management to market and maintain the high standard of accommodation and service expected by international holiday makers.

Our Location

Pandanas Bay Waterfront Apartments are located on the shores of a beautiful protected Bay at Pango, seven minutes from the centre of the Capital of Vanuatu, Port Vila. The bay hosts healthy sea grass beds and coral reefs. It is not uncommon to see dugong or dolphins swimming in the calm water and fish jumping clear of the water. The foreshore of the apartment site has been preserved to protect the natural beauty of its beach with lots of lush shady trees to provide cooling on warm tropical days.

Quality in construction

Pandanus Bay Waterfront Apartments have been built to exceed Vanuatu’s seismic and cyclone standard and have engineering certification. This means that the apartments meet the strict requirements for insurance and that the banks are then happy to finance your purchase if required.

Price per apartment   37 Million Vatu  Includes:

  • Lock up garage with a remote controlled roller door.
  • All furniture and white goods currently used for holiday rentals

Yearly body corporate fees are 329,000 Vatu or $3500 AUD Includes:

  • Building insurance
  • Yearly ground rent
  • Security
  • Gardener
  • Sinking fund

Income generation

  • Holiday rentals generate highest income
  • Anticipate 280,000 vatu ($3415 AUD) per month Net income.
  • Assumes 40% vacancy rate with all fixed and variable costs paid.
  • Capital gain given waterfront location and quality product.

Management

  • Full onsite management
  • Fees are 7% of long term rental, 20% of holiday rental

Marketing

Management

Full time site managers take care of the marketing, rentals, administration and maintenance of the apartments.

Security

With 8 three bedroom apartments and full time site management, your apartment is well looked after. For absent owners who choose to keep their apartment out of the rental pool, back to base 24 hour security is available if requested. All you need to do is lock and leave with peace of mind.

Cleaning

Two full time cleaners are currently employed to ensure your apartment is cleaned to the highest standard either for you or your tenants prior to arrival and during the stay.

Stocking

Each apartment has a full kitchen and prior to arrival of guests, we can stock the fridge and pantry with goods of your choice from the local supermarkets. This gives you more time for you to have your holiday and is handy for those late night arrivals to ensure breakfast is easily available in the morning for hungry travelers.

Storage

Each unit has its own lock-up garage great for storage of a vehicle and equipment while you are away.

Furnishings and fitout

Pandanas Bay represents 5 star living. All apartments have high quality internal fittings including:

  • Ceasar stone bench tops
  • Technika 900mm 5 burner gas stove top and oven – stainless steel
  • Technika Dishwasher – stainless steel
  • Double door fridge with icemaker and filtered water dispenser
  • Split system air-conditioning – 4 air-conditioners per apartment
  • Remote controlled garage access
  • Spa bath in the main ensuite
  • ADSL broadband internet
  • 32 inch LCD TV with DVD player
  • 6 seat dining table, 5 piece lounge and out door dining setting.
  • Queen bed in main, double bed in second bedroom with two singles in the third bedroom.

Common facilities

  • Waterfront swimming pool and spa
  • BBQ and fare entertaining area
  • Secluded white sand beach
  • Visitors parking
  • Drying and washing facilities

Holiday rentals

Pandanus Bay waterfront apartments are listed with wholesalers, realestate agents and various local holiday rental agents. Holiday makers may book direct on the website or go through an agent. Transfers are offered to and from the airport. Full service facilities are offered at the apartments for the duration of the stay.

At a glance

  • Eight apartments in two, two-storey buildings with a common pool, freshwater shower and BBQ located on the foreshore.
  • Each unit is a separate strata title. The ground floor apartments have generous amount of land fenced along each strata title.  This gives the investor a private area for their own use. The upper floor apartments have spacious balconies.
  • Each apartment is absolute waterfront with three bedrooms and two bathrooms. The main bedroom has a spacious ensuite with a large spa bath, double sink and separate shower.
  • Each apartment is a total of 185 sqm.

Purchasing a waterfront apartment

Purchasing a waterfront apartment is a quite straight forward procedure. There are NO restrictions on who can purchase a waterfront apartment in Vanuatu.

Additional costs to purchase are 5% registration and 2% stamp duty and legals.

Bank finance is offered to approved purchasers with deposit of 20%. Individual circumstances may vary and finance packages can be structured accordingly. We are able to recommend a range of personal contacts at either Bred Vanuatu Limited, ANZ Vanuatu Limited, Westpac, or National Bank of Vanuatu Limited who can provide excellent service.

Side benefits

  • Purchase of a waterfront apartment in Vanuatu is considered a large enough investment to allow the purchaser to apply for residency.
  • There is NO income tax or property/ capital gains tax in Vanuatu.

For more information contact or by telephone on +678 7771667 or info@pandanusbay.com or your prefered Vanuatu Realestate agent.