Sales for apartments at the Radisson Blu Mirage Resort, planned to open in 2025, have exceeded the expectations of the management team.
For potential investors interested in the Naisoso Island property, the time to act is now.
General manager of sales Ruth Kippax said: “Sales are exceeding expectations so there really is no time to waste.”
“With returns for a 2-bedroom apartment forecast to be 6.5 per cent from year one, many local small business owners are recognising this as an opportunity that’s too good to pass up.”
Investors will pay no income tax on their returns for seven years.
“With hotels in Fiji currently running at 95 per cent occupancy, the demand for quality luxury holiday apartments is very real, and Radisson Blu Mirage Resort is perfectly positioned to fill that need,” Ms Kippax said.
Radisson Blu Mirage Resort will offer 144 spacious 1, 2, and 3-bedroom beachfront apartments, across eight buildings.
Investors will be able to occupy their apartments 42 days per year.
Construction of the beachfront resort will begin in January 2024 and is scheduled for completion in December 2025.
Interested parties may visit the showroom at Naisoso Island for further information.