A LUXURY apartment complex in the heart of Wailoaloa, Nadi owned by former attorney-general Aiyaz Sayed-Khaiyum has been put on the market for more than $7million.
Located at Lot 13 Palm Drive off Wailoaloa Rd, the freehold property — known as El Palm Apartments — has eight two-bedroom apartments. Title records obtained by The Fiji Times in 2023 showed that the property was owned by Midlife Investments Pte Ltd, one of two companies which Mr Sayed-Khaiyum and his wife Ela were shareholders.
The property is listed on the websites of two Nadi real estate agencies, Bayleys Fiji and Professionals West Fiji. The Bayleys listed price is for $7.9m while the Professionals listed price is for $7.3m.
Bayleys says the property has a valid five-year hotel licence and is currently operating as a boutique Airbnb-style accommodation.
The listing describes it as an investor’s dream that’s just minutes drive from the beach and close to the Nadi International Airport.
