9 Blocks, 5 seafront, 4 sea access - buy company!!!

Tope Estate Limited - 12/0532/007-015

75 Year Rural Commercial Leases -- 9 new Rural Commercial/Residential Leases issued on 25th July, 2008 and registered on the 24th March, 2009.

The Company is for sale " via negotiation, as is" AND eash lease is for sale at an average price of A$80,000 for each waterfront block and A$50,000 for each rear block with sea access.

Total Waterfront length is 250 metres.

Seafront lease /007 nearest to village has 75 metres sea frontage.

44,824 sq. m (total area inc. road) - Leases 12/0532/07 to 15 are approximately 4350 sq. metres each, 5 with Sea frontage and 4 on the road with access to the sea.

/007 to be retained by the company for a boat ramp and other facilities.

The project is a JV between TPPC and the Landowners who own 30% of Tope Estate Limited.

TPPC acquired this land to secure access into the area to Paul's Rock Beach and to construct initial entrance road. Plan is to donate this road to a Community owned company, "SARARI COASTAL ROAD LTD", (SCR) owned by the joint LELEMA COUNCIL OF CHIEFS representing the Lelepa and Mangaliliu Communities.

The landowners have surveyed the road best suited to run behind all seafront properties along the coast and SCR is in the process of applying for a negotiator certificate for the land taken up by the road. The landowners of the road will form an "association" or trust to be the Lessor granting the land lease to the community (SCR) owned entity. SCR will be managed by a Board of Directors consisting of the representative of the two Chiefs, the Landowners representative, the Chairman of the World Heritage Tourism Committee, the representative of the Ministry of Cooperatives and Ni Vanuatu Business Development and two from the Real Estate Sector. Cost of construction of the road will be from aid funds under a community project. In the meantime a "bush track" exists and will suffice for access until the road is surveyed and cleared.

This company is unique in Vanuatu in that it actually owns the rights to access the southern land from the village, as needed.

We are placing these on the market now  - please enquire below for your registration of interest and full price list.