Featured Properties

Affordable Hillside Home with Views & Potential – Elluk Plateau, Lot 23

R-1176

Sale Price: VUV 38,000,000

Situated in a quiet neighbourhood on Elluk Plateau, this 2023-built home sits on approximately 1,260 m² of land, enjoying elevated views of the harbour on one side and Pango Point on the other.

The residence features high ceilings, two bedrooms including one ensuite, a separate guest bathroom with shower, kitchen space, and a modest living and dining area. With an approximate construction footprint of 13 m × 13 m, the home sits on a solid limestone base and benefits from excellent natural ventilation, with prevailing southeasterly breezes helping keep the property cool throughout the year.

There is plenty of potential to add value, with an unfinished staircase leading towards a proposed rooftop lookout, a view-facing patio that could be extended or enclosed, and generous yard space for landscaping or further development, subject to approvals.

Located approximately 15 minutes from central Port Vila and five minutes from nearby amenities, the property offers a peaceful setting suitable for a small family, first-home buyer or investor considering long-term rental or Airbnb accommodation.

Property Highlights

  • 1,260 m² land area

  • Built in 2023

  • 2 bedrooms, including 1 ensuite

  • Separate guest bathroom with shower

  • High ceilings and natural ventilation

  • Elevated harbour views on one side and Pango Point views on the other

  • Unfinished rooftop lookout access

  • Spacious yard with development potential

  • View-facing patio with extension possibilities

  • Solid limestone base

  • Available furnished or unfurnished

The vendor is motivated and seeking a quick sale. With good bones, attractive views and room for improvement, this is an affordable opportunity to secure a hillside property and add value over time.

Contact Island Property to arrange a viewing.

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Freshwater 1 – 2,462 m² Corner Property with Commercial & Residential Buildings

C-0443

Sale Price: VUV 50,700,000

Located in the established Stade and Freshwota 1 area of Port Vila, this substantial corner property presents an attractive opportunity for strategic investors, developers or buyers seeking a sizeable landholding with potential for refurbishment, redevelopment and long-term capital appreciation.

Occupying approximately 2,462 m² of leasehold land, the property benefits from a prominent corner position with three road frontages, providing excellent accessibility, visibility and flexibility for future development.

The property comprises an established roadside convenience store, commonly known as Parity Store, together with a main residential dwelling and a separate accommodation building.

The main residence includes multiple bedrooms, living areas, a kitchen, bathroom and covered verandahs, while the secondary building provides additional accommodation space.

While the buildings are aesthetically dated and require considerable refurbishment and modernisation, their underlying structures are fundamentally sound, providing a solid foundation for investors seeking to enhance the property's presentation, functionality and overall value. The secondary accommodation building also requires further improvements and completion works.

The existing convenience store benefits from its prominent roadside position within a populated residential neighbourhood, offering potential for continued commercial use, subject to the purchaser's arrangements and relevant approvals.

The relatively level grounds feature established trees, open yard areas, fencing and vehicle access. With three road frontages and a generous land area, the property offers considerable scope for reconfiguration, additional accommodation, commercial improvements or a broader redevelopment project, subject to the necessary approvals.

Conveniently situated within walking distance of Au Bon Marché Freshwota, schools, shops, sporting facilities and public transport, the property is approximately ten minutes from central Port Vila.

For a strategic investor prepared to undertake refurbishment and improvements, the combination of substantial land area, existing structures and prominent road exposure offers an interesting opportunity to unlock the property's longer-term potential.

Property Features:

  • Approximately 2,462 m² of leasehold land

  • Prominent corner position with three road frontages

  • Established roadside convenience store (Parity Store)

  • Main residence with fundamentally sound underlying structure

  • Aesthetically dated buildings requiring refurbishment and modernisation

  • Separate accommodation building requiring improvements

  • Existing commercial and residential structures

  • Relatively level grounds with established vegetation

  • Fenced compound with vehicle access

  • Mains electricity and water

  • Convenient location near shops, schools and public transport

  • Potential for refurbishment, repositioning or redevelopment, subject to approvals

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Coastal Cattle Plantation "Vielou" only 45 mins from Port Vila

L-0887

Sale Price: VUV 300,000,000

It is extremely rare to have large rural properties coming onto the market on Efate Island, and even scarcer when they are directly on the coastline.

This Land is located in Eton, with East views. The registered land area is 1,160,000m² on a Commercial leasehold title.

This east coast 116-hectare plantation is largely cleared but is being sold without livestock. There are hundreds of beautiful, mature trees throughout the property. The access road is the tar sealed round-island road and the roadside boundary is 1.7 kilometres long. It is anticipated that the mains power line, connected to the capital, will reach this area in the next year or so. Even without this, there is enormous scope to subdivide the title into several hobby farms or “lifestyle” blocks. One boundary is a river and there is a second smaller stream within the property.

Contact Island Property today!

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Two 3-Bedroom Duplex Residential Investment Property in Nambatu

R-1174

Sale Price: VUV 50,000,000

Situated in the established residential neighbourhood of Nambatu, just minutes from central Port Vila, this property presents an attractive opportunity for investors, extended families or buyers seeking a home with additional rental income potential.

Positioned on a 916 m² residential leasehold title, the property features two adjoining three-bedroom, one-bathroom residences, providing a total of six bedrooms and two bathrooms.

Each residence offers its own living areas, kitchen and accommodation, allowing for independent occupancy. The layout is particularly suited to buyers wishing to occupy one residence while renting out the other, or investors looking to maximise rental returns from both units.

The property benefits from a generous concrete driveway, covered parking, established tropical gardens and a fully fenced compound offering privacy and security. Additional improvements include outdoor entertaining areas, a covered pavilion, laundry facilities and useful storage spaces.

The grounds provide ample outdoor space, with established greenery surrounding the residences and room for further landscaping or improvements.

Conveniently positioned within easy reach of schools, supermarkets, public transport, restaurants and Port Vila's main commercial centre, the property combines a practical residential setting with the convenience of town living.

With two self-contained residences on a single title, this is a versatile investment opportunity in a well-established residential area.

Property Features:

  • 916 m² residential leasehold land
  • Two adjoining three-bedroom residences
  • Six bedrooms and two bathrooms in total
  • Separate living areas and kitchens
  • Covered parking and concrete driveway
  • Fully fenced and gated compound
  • Outdoor entertaining pavilion
  • Established tropical gardens
  • Laundry and storage facilities
  • Potential for dual rental income
  • Convenient Nambatu location

For more information call Jean Claude at Island Property today on 7772027.

Strictly appointments only.

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2-Bedroom Furnished House on Port Vila’s Paray Bay Harbourfront

HR-0303

VUV 295,000 per month

Rare opportunity to live on Port Vila’s waterfront. Direct private access to Port Vila’s lively harbour. Open plan high ceiling design. Fully air conditioned with 3 new air con units. New gas cook top. Harbour and sunset views. Detached laundry and storage house. Solar security lights. Easy access for swimming, paddle-boarding and other watersports. Available November 2026.

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Absolute Harbourfront 4 Bedroom 2 Bathroom Furnished Villa with Detached Self-Contained Studio - A Rare Opportunity to Enjoy Port Vila’s Lively Harbourfront Lifestyle

HR-0302

VUV 395,000

Modern home stylishly furnished.  Sheltered, deep water location on Paray Bay, Port Vila’s real estate "golden mile”. The property features a self-contained separate air-conditioned studio, ideal for housing visitors or for those who work from home, and a waterfront kiosk - an ideal entertaining area. Large terrace, laundry house, outdoor spa bath/shower house, and garden shed.  New lighting. New stove. New fridge/freezer. New air conditioners. Security bars and electric roller shutters for convenient lock up. Solar security lighting. Electric gate. Sunset views. Walking distance to the town centre and Vanuatu’s largest supermarket. Easy access into the sheltered water. Ideal location for boat owners, watersports lovers and swimmers. Available November 2026.

 

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Eton Reef Estate – Premium Coastal Lifestyle Blocks from VT 14 Million

L-1006

Sale Price: VUV 14,000,000

Discover an exceptional opportunity to secure one of 16 premium coastal lifestyle blocks within Eton Reef Estate, an exclusive low-density residential development situated along the eastern coastline of Efate, Vanuatu. With prices starting from VT 14 million, this unique estate offers an attractive combination of natural beauty, coastal access and flexible development opportunities, making it ideal for private residences, holiday retreats or investment projects.

Eton Reef Estate extends across more than two kilometres of pristine coastline, featuring white sandy beaches, coral reefs, natural ocean swimming pools and secluded coastal areas. The development has been thoughtfully designed to preserve its natural surroundings, with extensive forested common areas and protected reserves providing residents with privacy, open green spaces and a peaceful tropical environment.

The 16 vacant allotments offer buyers the flexibility to develop according to their individual requirements. Unlike many conventional residential subdivisions, the estate's lease conditions provide scope for a variety of residential and commercial uses, including multiple dwellings, family compounds, holiday rental accommodation, boutique resorts, wellness retreats and other tourism-related developments, subject to applicable approvals.

Each property is held under a 75-year leasehold title commencing in 2007 and expiring in 2082, providing long-term tenure for purchasers. The estate's combination of coastal access, natural surroundings and flexible development potential presents an appealing opportunity for buyers seeking a permanent residence, a holiday home or a long-term property investment in Vanuatu.

Located on Efate's eastern coastline, Eton Reef Estate offers a secluded coastal setting away from the busier areas of Port Vila while remaining accessible by road. Whether you envision building a private tropical residence, developing holiday accommodation or securing land for future use, these lifestyle blocks provide an opportunity to establish a presence in one of Efate's distinctive coastal environments.

Prices start from VT 14 million, with individual block availability, sizes and pricing available upon request. Contact Jean-Claude at Island Property for further information, subdivision plans or to arrange a private inspection.

Boundary lines are indicative only.

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Premium Waterfront Development Land in First Lagoon

L-1004

Sale Price: AU$ 1,450,000

Secure a rare opportunity to own premium waterfront land in one of Port Vila’s most desirable and convenient locations. Situated along the beautiful First Lagoon, this vacant 2,567 m² property offers approximately 33 metres of lagoon frontage and 33 metres of main road frontage, presenting exceptional potential for residential investment or commercial development.

With its generous land area, attractive waterfront setting and excellent accessibility, the property is ideally suited for a private waterfront residence, rental apartments, holiday accommodation or a boutique hospitality development.

Enjoy picturesque views across First Lagoon while remaining conveniently close to everyday amenities, including schools, restaurants, fuel stations and supermarkets. Au Bon Marché No. 2 Supermarket is within walking distance, while nearby public transport provides convenient access to the wider Port Vila area.

Whether you are looking to create a private waterfront retreat, establish an income-generating property or secure a strategic landholding for future development, this First Lagoon property offers an exciting opportunity in a sought-after location.
Boundary lines are indicative only.

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Vacant Commercial Land in Freshwater 1

C-0448

Sale Price: VUV 120,000,000

Positioned in the heart of Freshwater 1, Port Vila, this 761 m² vacant commercial block offers an opportunity to establish a business or undertake a new development in an active commercial area.

Located just a short walk from Au Bon Marché Freshwota, the property benefits from a convenient location close to shops, services and local activity. Its commercial zoning offers scope to explore retail premises, accommodation or a mixed-use project, subject to relevant approvals.

The adjoining 615 m² commercial property is also available and includes existing kava facilities, rental rooms and upstairs accommodation.

The vacant block is offered individually at VT 120 million. Both adjoining properties are offered together for VT 195 million, saving VT 35 million against their combined individual asking prices. Together, they comprise 1,376 m² across two titles, with approximately 45 metres of road frontage.

The combined purchase offers scope to integrate existing facilities with a new development or plan a staged project across both properties.

Contact Jean-Claude at Island Property for further information or to arrange an inspection.

Boundary lines are indicative only.

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Former Secret Gardens – A Landmark Opportunity in Mele Maat

C-0449

Sale Price: VUV 47,000,000

Set on 10,373 m² of flat tropical land at Mele Maat, the former Secret Gardens offers an opportunity to revive a recognised destination or create something entirely new.

Quiet since 2020, the property retains mature gardens, established trees and an existing hospitality footprint. Two road frontages, with main access directly off the Efate ring road, provide convenient access approximately six kilometres from Port Vila.

The improvements include a 415 m² treehouse restaurant built around two enormous living trees, with a mezzanine lounge, kitchen, bar, storage and guest amenities. Nine guest bungalows each offer living space, a private terrace and a bathroom. A swimming pool with spa and a separate shop building complete the existing facilities.

Services include Unelco mains electricity, bore water supplied to a storage tank, septic drainage, and Vodafone and Digicel coverage.

The buildings require substantial renovation, including work to roofs, timber and fittings. For a purchaser with vision and a considered renovation budget, the former Secret Gardens could be brought back to life as a boutique retreat, restaurant and accommodation destination, wellness centre, or wedding and events venue, subject to relevant approvals.

Located within easy reach of Hideaway Island, Mele Cascades and Vanuatu Jungle Zipline, the property combines a spacious site, established tropical surroundings and a memorable history.

Expressions of Interest. Inspections strictly by appointment.

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Brand New Apartment Blocks Overlooking Erakor Island

R-0915

Sale Price: VUV 249,100,000

These newly built 3 bedroom luxury apartments are located on Elluk Plateau with stunning views over Erakor Island and the Pacific Ocean Beyond.

Overview
This 18 bedroom parcel is located in Elluk, with South views. The registered land area is 1515m² on a Residential leasehold title. 

Property Walk-through
These two storey apartments are all identical to one another with a large living room and a large open kitchen on the ground level.
On the second level you will find three bedrooms with two bathrooms, the master bedroom has its own en suite and private balcony with beautiful views.
All rooms have built in closets and air conditioning.

All apartments are fully furnished with a brand new washing machine, oven, refrigerator, cutlery & crockery etc.

There are a total of 6 apartments within the compound, three in the front, three in the back.
The property is fully walled and fenced with an electric gate, each apartment has their own biometric fingerprint front door lock.

There is a massive infinity swimming pool (15M x 7M) at the front of the property.

Built in 2017/2018.

Front apartments are rented at 245,000VT a month and back apartments for 225,000vT a month.

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Exceptional 1-Hectare Estate Lot in the Heart of Bellevue Park

L-1001

Sale Price: VUV 18,000,000

A rare opportunity to acquire one of the largest individual parcels in Bellevue Park, offering approximately 1.0435 hectares, or 10,435 m², of land with exceptional potential for the creation of a substantial private residence, family estate or multi-purpose lifestyle property.

Situated in the heart of Bellevue Park, the property benefits from a naturally elevated and gently sloping landscape. The upper portion of the land sits at approximately the same elevation as the top of Bellevue Stage 2, before descending by around 30 metres towards the lower boundary of Bellevue Park. This natural topography creates excellent possibilities for thoughtful architectural design, terraced landscaping and the development of several usable platforms across the property.

The land remains largely in its natural state and would require clearing and site preparation for development. However, it is also endowed with numerous mature trees and attractive natural vegetation, giving a future owner the opportunity to retain selected trees and create a beautifully landscaped, private environment rather than starting with a completely bare site.

With appropriate clearing and the creation of a building platform towards the upper portion of the property, a residence could benefit from an impressive combination of privacy, shelter and elevation. From the higher areas, there is potential to open up views across the Bellevue valley and towards the airport in the distance. The elevated setting offers the opportunity to create a commanding hilltop residence, your own private estate overlooking the surrounding landscape.

Historically, water has been accessible towards the lower part of the property, providing potential for a future owner to investigate the possibility of establishing a borehole. For power, the size and setting of the property make it particularly well suited to a substantial solar system as the primary energy source, with available utility connections potentially serving as a secondary or backup supply.

At over one hectare, the property offers considerably more than simply a house site. There is sufficient space to create a genuine multi-purpose estate, with a principal residence positioned on the elevated portion of the land while retaining other areas for gardens, orchards, small-scale farming, livestock, recreational spaces, additional buildings or other complementary uses, subject to the applicable planning and lease requirements.

For someone looking to create a distinctive dream home with space, privacy and flexibility, this is an increasingly rare opportunity to secure a substantial parcel in the established Bellevue Park area, while remaining within convenient reach of Port Vila.

Contact Island Property for further information or to arrange an inspection.

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Create Your Dream Estate – Brand-New Villa in Angelfish Gardens on Expansive Land

R-1172

Sale Price: VUV 23,500,000

Welcome to Lot 25, Angelfish Gardens, where thoughtful design, quality craftsmanship, and future development potential come together to create one of Pango's most exciting property opportunities.

Set on an expansive 2,052m² parcel of land, this beautifully presented property has been carefully planned to fit any buyers purpose. Whether you're seeking a peaceful island retreat, an income-generating investment, or the perfect place to build your dream home, this unique property offers endless possibilities.

At the heart of the property is a brand-new studio villa, thoughtfully designed with comfort and style in mind. Constructed to Category 5 cyclone standards, the villa features an open-plan layout that maximises natural light, cooling breezes, and indoor-outdoor living.

Quality finishes are evident throughout, beautifully stained exposed timber trusses, hardwood joinery, elegant teak ceiling fans, a contemporary granite kitchen benchtop, stylish fixtures and fittings, and a spacious covered veranda finished with beautifully stained decking, creating the perfect place to relax and entertain.

The property has already been prepared for future expansion. Concrete brackets are in place for the construction of a second matching villa or bungalow, allowing the new owner to immediately expand their rental portfolio or create additional accommodation for family or guests. The remaining land has intentionally been left as a blank canvas, providing ample space to build a substantial family residence while still retaining multiple income-producing dwellings. Extra water and power have also been supplied to the property for future development.

This flexibility makes the property equally appealing to investors and owner-occupiers. Lease the existing villa while constructing another, build your dream home and retain guest accommodation, or develop a boutique holiday rental business in one of Port Vila's most desirable coastal suburbs.

The grounds are fully fenced and secure, with the existing villa positioned towards the front of the property. This clever layout creates a remarkable sense of depth and privacy, giving the impression of a private estate while allowing enormous flexibility for future development across the balance of the land. The property boasts natural greenery and trees that have been there for before the development had ever existed. The property also disposes of ample storage ready for any person to lock up and go or use it to prepare building their dream home.

Located in the highly sought-after community of Pango, the property enjoys a peaceful neighbourhood renowned for its friendly atmosphere and relaxed coastal lifestyle. Within walking distance you'll find local cafés and restaurants including South Pacific Memories, nearby boutique resorts, and the stunning Honeymoon Beach, where you can snorkel, swim, or simply enjoy the pristine coastline. Popular destinations such as Breakas Beach Resort, Nasama Resort, Three Pigs Restaurant, Warwick Le Lagon, local kava bars, and other dining options are all close by, while Port Vila's town centre is only a short drive away.

Whether you're looking for your first home, a weekend retreat, or a high-potential investment with room to grow, Lot 25 at Angelfish Gardens offers an exceptional opportunity rarely found in today's market.

Live in it. Rent it. Expand it. Create your vision.

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Wake Up Above Port Vila – Exceptional Bellevue Stage 2 Building Site

L-1000

Sale Price: VUV 20,000,000

Imagine waking up every morning to breathtaking panoramic views from one of Port Vila's most sought-after addresses. Now is your opportunity to secure a premium piece of Bellevue Stage 2 and create the home you've always envisioned.

Perched in an elevated position on the edge of Bellevue Stage 2, this exceptional 1,400 m² parcel offers uninterrupted views across some of Vanuatu's most iconic landmarks. From your future home, enjoy sweeping views over Korman Stadium, the KaZaa Cricket Ground, Tasiriki, the Holiday Inn, the sparkling waters of the First Lagoon, and extending across to the beautiful Second Lagoon.

Whether you're dreaming of a luxury family residence, a modern architectural masterpiece, or a long-term investment, this generous blank canvas provides the perfect foundation. Surrounded by quality homes, the property offers the ideal combination of privacy, security, elevation, and spectacular scenery.

Land in Bellevue Stage 2 is becoming increasingly scarce, making this a rare opportunity to secure one of the area's finest residential sites. With ample space to design and build exactly what you desire, this is more than just a block of land—it's the chance to create a lifestyle.

Build your dream. Wake up to the view. Invest in one of Port Vila's most prestigious locations.

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Investor's Dream in the Heart of Tassiriki – Solid 4-Bedroom Home in a Prime Location

R-1169

Sale Price: VUV 40,000,000

Located in the heart of Tassiriki, this well-maintained family home presents an outstanding opportunity for both homeowners and investors alike. Positioned at the entrance of the first cul-de-sac on Tassiriki, the property enjoys a convenient location just five minutes from Port Vila's CBD and within walking distance of PVIS, Stret Price, HXM Butchery, Korman Stadium, the Tassiriki Market, service stations, schools, and a wide range of everyday amenities.

Set on a generous 1,053 m² parcel of land, the property features approximately 350 m² of living space, including spacious verandas and outdoor entertaining areas. The home offers four well-sized bedrooms, two bathrooms, a functional kitchen, a large living area that can be fully air-conditioned in the summer providing comfort throughout the year.

Designed for practicality and security, the home is fully fenced with secure gated access, ample off-street parking, and sliding windows throughout, allowing for excellent natural light and ventilation. The expansive grounds provide plenty of space for children, entertaining, or future improvements.

Whether you are a first-home buyer looking for a spacious residence in a sought-after location or an investor seeking a quality rental property with strong long-term potential, this home represents exceptional value. Its prime central location, generous land size, and solid construction make it an ideal investment in one of Port Vila's most established residential suburbs.

Your opportunity to secure a quality property in the heart of Tasiriki starts here.

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Active Commercial Wharf with Deepwater Frontage

C-0436

Sale Price: VUV 259,000,000

An exceptional opportunity is now available to secure one of the most active commercial wharf properties in Paray Bay.

Positioned on approximately 1,654m² of leasehold waterfront land, this established commercial wharf offers roughly 38 metres of waterfrontage and benefits from deep-water access, making it a rare and highly strategic asset in the area.

The property is already used for active commercial operations and includes multiple existing structures currently utilised for office space, storage, and operational support. With ongoing commercial activity already in place, this is not just a vacant waterfront parcel, but a functioning commercial site with real utility and strong future potential.

Deep-water waterfront properties in South Paray Bay are extremely limited, and this is understood to be the only deep-water commercial wharf property currently available on the market in South Paray. For buyers seeking port, marine, logistics, storage, fisheries, transport, or commercial waterfront use, this is an opportunity not to be missed.

The lease is a 75-year lease commencing from 2012, providing long-term tenure for the incoming purchaser.

The property has been valued at VT 259,000,000 and is offered for sale at VT 259,000,000 plus VAT.

The current vendors are genuine, motivated, and ready to sell, making this a rare chance to acquire a significant commercial waterfront asset in one of Port Vila’s key marine activity zones.

For further information or to arrange an inspection, please contact us.

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Waterfront Commercial Strata Title - Starfish Cove Ready to Develop

L-0895

Sale Price: VUV 37,000,000

The property comprises Lots 10 and 11, a commercial strata title with 55 years remaining on the lease. Together, the two lots provide a total land area of 897 m², consisting of Lot 10 (382 m²) and Lot 11 (515 m²).

The property boasts an impressive 43.6 metres of direct waterfront frontage, making it an exceptional opportunity for a wide range of commercial developments and investment opportunities.

The registered annual land rent is VT 100,198 per title.

The site is fully serviced and development-ready, featuring a poured in-situ concrete seawall, along with mains electricity and water connections already in place. Much of the essential infrastructure has already been completed, allowing the new owner to focus on bringing their vision to life.

Under the current Body Corporate rules, the approved uses include hotels, restaurants and recreational facilities.

One of the major advantages of this commercial strata title is its flexibility. Should a purchaser wish to change the permitted use, amendments to the Body Corporate rules can generally be approved through a single Body Corporate meeting, subject to the required approvals of the owners. This is significantly simpler and faster than rezoning a conventional land title, which typically requires a formal government planning and rezoning process. This flexibility provides investors and developers with the opportunity to adapt the property to future commercial opportunities more efficiently.

For further information or to arrange a private inspection, please contact us.

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Peacock Estate Elevated 5-Bedroom Home with Views over Port Vila Bay

R-1166

Sale Price: VUV 52,000,000

Located in Peacock Estate, Malapoa, just minutes from Port Vila, this solidly built two-storey home offers space, elevation, and consistent breezes in a well-regarded residential area.

The home comprises five bedrooms with a practical layout suited for family living or shared occupancy. There are two kitchens, one ensuite bathroom, a guest bathroom on the lower level, and one and a half bathrooms upstairs.

Positioned to capture natural airflow year-round, the property enjoys open coastal views with both sunrise and sunset outlooks. The elevated setting also provides a clear vantage point over town, including views during New Year celebrations.

The structure is well built and sits in a stable, established neighbourhood known for its accessibility and residential appeal.

A straightforward, spacious home in a good area, suitable for owner-occupiers or long-term holding.

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Prime Pango Road Family Asset

R-1164

Sale Price: VUV 39,800,000

This well established family home on Pango Road offers space, practicality and a comfortable layout suited to everyday living just minutes from town.

Set in a quiet residential pocket, this solid home built in 2007 sits on an 814 sqm parcel and has been designed with durability and ease of use in mind.

 The residence spans approximately 234 sqm and flows naturally across two levels. On the ground floor, two bedrooms with built in wardrobes share a bathroom and separate toilet, while upstairs opens into a mezzanine space ideal for a study or second living area, leading into a master bedroom with walk in wardrobe and ensuite.

The main living area is open plan, connecting kitchen and lounge, fully air conditioned and fitted with roller shutters throughout for added comfort and security. Outside, the property is fully fenced with an enclosed garden, electric gate access, a detached garage and additional carport.

The land allows for further flexibility, whether adding a granny flat or keeping open space for gatherings, functions and family use. 

Located just a few minutes from supermarkets, beaches, restaurants, motels, schools, the hospital and local amenities, and approximately five minutes from Port Vila town, this is a straightforward and reliable home in a proven location.

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Contemporary Mediterranean Asset on Hilltop with Views Over Mele Bay

R-1162

Sale Price: VUV 37,500,000

El “Castillo” on the Hill is positioned in the elevated enclave within the boutique “The Rock” development and offers a well appointed 3 bedroom 3 bathroom residence with modern comfort privacy and elevated views over the valley and Mele Bay just 5 minutes from Port Vila CBD.

Set on 1440 sqm of gently sloping land this two level home constructed in 2021 has been designed to maximise light airflow and indoor outdoor living 

The property features polished concrete and timber flooring open plan living areas with exposed rafters and quality handcrafted hardwood finishes throughout.

Large bi fold doors open onto a generous verandah and balcony creating seamless flow to outdoor entertaining areas while capturing the surrounding views and sunset outlook.

A key feature of the home is the Sun Room offering a sheltered and private space to enjoy the outlook across the valley and Mele Bay in all weather conditions or hold private meetings.

Additional improvements include a covered carport a separate storage shed and a gazebo providing both functionality and lifestyle appeal.

The property on a 1440 sqm land area within a private and elevated setting.

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ABOUT

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Island Property is Vanuatu's leading Real Estate Marketplace, Real Estate Agency and Property Developer.

Trading continuously in Vanuatu since 1991, we have extensive sales listings of houses, commercial buildings, land, tourism projects, rental investment properties, apartments and farms.

Buying property in such a beautiful South Pacific destination as Vanuatu holds obvious appeal but there are many reasons for investing in Vanuatu Real Estate of which the savvy investor should be aware.

Life is less taxing in Vanuatu.

Often misrepresented as just a tax haven, Vanuatu actually offers a lifestyle that combines many modern conveniences with a friendly "village" atmosphere that has been lost in many countries of the developed world. From a tax perspective, the most tangible benefits for those investing in Vanuatu are no corporate tax, no income tax, no capital gains tax, no estate tax, no wealth tax, no withholding tax, no gift tax and no other personal income taxes.

Furthermore, unlike many other countries, there is no restriction on foreign ownership of property in Vanuatu, and there is no obligation for non-citizen property owners to spend any time residing in Vanuatu. Foreign ownership of property is promoted and encouraged by the Vanuatu Government, and any seller is free to repatriate the funds generated from a sale of their property or business.

As Property Developers and Project Managers, we know the opportunities that exist for investors in Vanuatu, and we can help you make the investment decisions that are best for you. We offer sound advice to the serious investor. By talking to us you will benefit from the wealth of knowledge and experience we have acquired over the last three decades.

Island Property is renowned for providing a comprehensive and professional service. If you are a seller, why not list your property with us and join the long list of satisfied customers for whom we have found a buyer? If you are a buyer, why not contact us today to see how we can help you find the property best suited to your needs and your budget?

Can foreigners buy property in Vanuatu?

Yes. There are no restrictions on foreigners buying property. A non- citizen may be required to provide a "financial reference" and a "professional reference" from a local firm, for urban purchases, but that is the only distinction made between citizen and non-citizen buyers. You do not need a Vanuatu Foreign Investment Promotion Authority (VFIPA) Investor’s Certificate or a business licence to buy property in Vanuatu. If your purchase also requires a business licence (for example, when you buy an existing business) then you would need a VFIPA approval and a business licence in your name, or your trading name, or in a local company's name.

Is there any freehold land in Vanuatu?

No. If a property is registered it is registered as a leasehold title. The urban areas of Port Vila and Luganville on Santo Island were declared "public" land in 1980 under the Land Reform Act (Cap 123), and certain other zones on other islands have been declared urban land. The Minister of Lands is the Lessor in the urban areas, and in many rural leases, especially those created shortly after Independence when the customary ownership was not yet established, or where customary ownership is disputed.

Do I have to live here to own property?

No. There is no requirement for property owners to live in Vanuatu, nor are holders of Vanuatu residency permits obliged to reside in Vanuatu.

What are the normal steps in buying property?

1. Inspect properties in the usual way and choose one.



2. Make an offer to the agent and negotiate any conditions the offer may be subject to.



3. If the offer (conditional or unconditional) is accepted, a draft sale agreement is issued (usually by seller's side.)



4. Agent confirms the seller’s acceptance of the offer in writing.



5. Sign sale and purchase agreement then pay deposit (usually 10%) into agent's or solicitor's trust account.



6. Purchaser proceeds to meet any conditions in contract; for example • Obtain (VFIPA) Vanuatu Foreign Investment Promotion Authority approval • Confirm bank financing (if required) • Obtain planning permission (if required) • Lessor’s Consent to Mortgage (usually done by the bank’s solicitor) • Register for Value Added Tax (Commercial only)



7. Seller or seller’s agent applies for Lessor's “Consent to Transfer” lease title or arranges for share transfer.



8. Both parties are informed when “Consent to Transfer” is approved.



9. If all other conditions are satisfied a settlement date is arranged.



10. Pre-settlement inspection of property or last minute search of title is carried out by purchaser's side, if desired.



11. Settlement takes place, usually at the agent’s or vendor’s solicitor’s office.



12. Documents usually handed over to the purchaser at settlement include:- • 3 original Transfer deeds (or share transfers) already executed by Seller • Copy of the registered title • Settlement Statement • Last property tax (or rates) receipt • Last lease rent receipt • Tenancy agreement (if applicable) • Company documentation (if applicable)



13. Purchaser lodges the Transfer of Lease at the VFSC (Vanuatu Financial Services Commission) for stamping and pays 2% Stamp Duty to the VFSC (4% on share transfer).



14. Purchaser lodges the Transfer of Lease for registration at the Land Records Office and pays 5% registration fee to the Vanuatu Government. (This step does not occur if shares in a company are purchased because a lease title transfer).



15. In due course the person or company that lodged the documents collects or receives an “Advice of Registration” recording the transfer in the registry.



THE PURCHASER IS THEN THE REGISTERED OWNER (LESSEE) OF THE VANUATU PROPERTY THEY HAVE BOUGHT.

When you buy a Leasehold Title, is it renewed at the time of purchase or do you buy the term remaining?

When you buy an existing lease title, you purchase the remaining term of that lease, you do not receive a new 50 or 75 year lease term.

What happens at the end of the lease term?

In 2003 Parliament passed a law (the Land Lease (Amendment) Act No. 24 of 2003) enabling any urban Lessee to extend a Lease that is currently less than 75 years up to 75 years upon payment of the requisite Lease extension premium and administrative fees. Otherwise, any lease that is not renewed or extended prior to its expiry will be at an end. If such a situation were to eventuate, most lease title schedules say that the land and improvements are then returned to the lessor without compensation being payable to the former lessee (former property owner).

Is there any way to extend a lease when you buy, or at any other time in either the urban or rural area?

Yes. Lessees may surrender their lease either to subdivide land, re-zone (ie: residential to commercial; agricultural to tourism, etc..) or to extend the term (see Question 8 above). "Premium" payments and revised annual lease rents are likely to apply, which are negotiated between Lessor and Lessee.

Is it possible to buy apartments or shops on their own Strata Title?

The Vanuatu Parliament passed the Strata Title Act in 2000 (renamed the Strata & Community Titles Act in 2017) and has also approved the Strata Title regulations. This means it is possible to strata title existing buildings and to create Strata Titles for new apartment and commercial buildings. All such new lots within such a plan must be strata lease titles of 75 years.

Do the commercial banks accept Leasehold titles as security for loans?

Yes. Mortgages and "Cautions" are registered on the Leasehold titles as they would be on freehold and Leasehold titles in other countries, to secure bank lending and other facilities such as overdrafts. The Lessor’s “Consent to Mortgage”, which will have a fee payable, is needed for this.

How long does it take to complete a transaction?

Generally speaking, a typical transaction takes about 1 - 3 months. This varies depending on conditions that may be part of a particular transaction. Any transfer of a property title requires the Lessor’s “Consent to Transfer” and evidence that any fees payable to the local authorities and the lessor have been paid.

What are the normal buyer's costs?

2% Stamp Duty



5% Title Transfer Registration If the buyer is purchasing an existing company, the Stamp Duty is 4% on the share transfer value, and because the shares in the lessee company are transferred, not the title itself, there is no 2% Registration fee.



Legal costs vary but they are typically 0.5% - 1.0%.

Has there been capital gain? If so, how much and where?

Residential property and vacant land capital gain has been best in prime areas such as the harbourfront. lagoonfront areas with good water and sunset views, and for commercial property, along the main street CBD of Port Vila have also seen steady increases in market value. Like other markets in other countries, Vanuatu has periods where the market is very active, and periods where it slows down.

Where are the best places to buy on Efate Island?

For Residential property in and around Port Vila, Tassiriki, Elluk, the Harbourfront, First Lagoon, Second Lagoon, Bellevue, Malapoa and the oceanfront subdivisions near town such as Dream Cove, Angelfish Bay, Paradise Cove, Bukura, Narpow Point and Havannah Harbour .



Commercial – the CBD and main street and the central harbourfront.



Agricultural - Efate & Santo islands.

Is it easy to rent out property?

Good property typically rents well. There are many aid organisations and private foreign companies who prefer to rent for 1 - 3 year contracts rather than buy. These houses are usually furnished. Short stay property managers will be able to advise on the holiday market.

Is it possible to find good property management?

Yes. Our company has been doing property management of houses and commercial buildings for more than 25 years. This usually costs between 7% to 10% of gross income plus VAT.

What sort of tenants are there, and how long are the tenancy agreements?

Many tenants are employees of aid donor agencies, high commissions and other private and public organisations. Most contracts are for one year, but 2 and 3 year tenancies are also occasionally entered into. Typically, a good standard family home of 3 or 4 bedrooms would 4 rent for Vatu 150,000 to Vatu 250,000 per month, and sometimes higher, depending on location size and standard of the property.

Are there qualified builders in Vanuatu?

There are several companies in Port Vila owned or managed by qualified builders. As in any other country it is important to select a builder carefully and to see other jobs they have done.

How do I know the house I am buying is well built?

Engineering and survey reports may be requested from qualified people or companies operating in Vanuatu. For many years it has been impossible to obtain bank financing or full insurance (including against cyclone) on property without engineers’ and architects’ compliance reports.

If I want to build my own house, do I need any permissions or approvals, or do I need a business licence?

No. Not to do the building for yourself on your own land title. You will still need to obtain your planning permission and building permit, and you will need to register as an employer with the VNPF (the Vanuatu National Provident Fund) if you hire any workers.

What does it cost to build a good house in Vanuatu?

Naturally, this varies from builder to builder, and depends on the standard of construction, but a reasonably good guide is approximately VT 100,000 – 150,000) per square metre. Obviously where more luxurious fixtures and fittings are used, this price will be higher. It is wise to seek a few quotes and ask to see what the builder has constructed.

What amount of equity contribution toward the purchase do banks want from buyers?

Banks typically require from the borrower 20% for residential loans and up to 50% of the loan for commercial loans (+ the buyer’s Government fees). This varies depending on the nature of the loan and the bank's assessment of the borrower.

What is the usual deposit when exchanging contracts?

Ten per cent is the standard contract deposit when a sale agreement is exchanged between a buyer and seller. Deposits are held in trust, till settlement, usually by the Seller’s agent or solicitor. 

Do I need to use a lawyer for conveyancing?

The law does not oblige purchasers to use a solicitor, but for those contemplating buying a property or business it is very wise to seek legal advice and representation, especially if you are entering the Vanuatu market for the first time. Our laws and practices are likely to be different from your own country. Unless you specifically ask us to represent you as purchaser, our agency is engaged by the sellers, and our commission will be paid by the seller.

Is VAT payable on housing sales?

VAT (currently 15%) is not payable by the purchaser on residential property. VAT is payable by a builder if he sells a house he has built or if a property developer creates a land subdivision or strata titled project for sale.

Is VAT payable on all commercial property transactions?

As a rule, VAT will be payable by the purchaser on the sale of commercial property, because the seller will usually be VAT registered. He can then claim back the VAT if he is a registered VAT entity. A "one - off" sale of a commercial property where the seller is not registered for VAT and has not claimed back VAT for expenses on the property will not usually not be subject to VAT. Also a sale where the Seller has already de-registered from VAT is not subject to VAT. If the seller is not registered for VAT, then he cannot charge VAT and will not be asked to pay it. Specific enquires should be made to the VAT Office, or to a solicitor or accountant accustomed to dealing with VAT issues.

What are the usual outgoings on property in Vanuatu?

1. Municipal Property Tax (in the Urban Zones) paid every six months.



2. Annual lease rent, sometimes called “ground rent”.



3. Insurance.



4. Rent Tax on Residential property (or VAT on commercial) is 12.5% of gross income.



5. Maintenance or Management.

How is property sold in Vanuatu? (ie: Auction; Private Treaty; Tender)

Most property is sold by Private Treaty or Tender. Auctions almost never occur. Occasionally the "Expressions of Interest" method is used, especially for a project or subdivision not yet done, but approved, where the developers wish to determine the level of interest in their project.

What do I need to do to reclaim land or build a jetty?

To reclaim land beyond the mean high water mark of any property, you require: 



1. Foreshore Development Act approval (from the Minister of Internal Affairs).



2. Negotiator Certificate from the Minister of Lands.



3. Lessor's approval if land is rural, or the Minister of Lands is not the Lessor.



4. Municipal Planning Permission in the urban areas.



5. Provincial Government Planning permission in the rural areas.



6. A PEA (Preliminary Environmental Assessment) and if recommended by the Environment Department, a full Environmental Impact Assessment. A jetty will require Department of Ports & Marine approval.



7. The permit fees payable are set out in the Foreshore Development Order No. 144 of 2016.

Can I put a yacht mooring anywhere?

Yacht moorings are marked on a grid pattern within Port Vila Harbour. Department of Ports & Marine should be consulted about any rules and fees for mooring anywhere else in the country.

Can sale agreements be done in any currency, or only in vatu?

Private parties can agree to a sale in any currency acceptable to both sides. There are no restrictions in sending foreign currency into or out of Vanuatu, although the commercial banks, solicitors and real estate firms will require certain details about funds coming into or being sent out of Vanuatu in order to comply with Vanuatu’s Financial Intelligence Unit’s requirements.

FAQ's