Land For Sale in Luganville

For Sale

$35,000 £28,211 | €33,273 | ¥236,173 *

Type Land
Status For Sale
Area Size 43,560 ft2  (4,047m2)
City North
Region Luganville
Country Vanuatu


Individuals now have an unusual opportunity to purchase strata titled, one-acre lots on Malekula Island, Vanuatu for an initial deposit payment of $5000 AUD. Farms sell for $35,000 each fully developed and the remainder of the amounts $30,000 is a vendor /purchaser mutually agreed to pay off your farm plan at a NIL interest rate. Lots can be purchased without a plantation agreement, but can't be utilised for residential use.

Monthly payments are $1,000 and after fully paid for include the cost of clearing the land, planting and care for a year.

Papayas grow quickly, and are fully mature and producing in nine months. Investors will start to see returns on their investment once their land and development costs are paid off. Local labour is readily available, and each growing enterprise is a major contributor to the island's economy.

Approximately 400 papayas can be planted on a one-acre tract of land. The profit potential for each tree planted is estimated at $80 per tree per from the yearly harvest. There is 400 trees on each 1-acre farm-let.

Plants must be replaced every three years to maintain high yields. The process reduces cash flow slightly, resulting in three months of production instead of six, every 4th year.

Delivery service is paid for by fruit wholesalers Freight On Board (FOB), and the Asian market is at our doorstep. The company informs our fruit is available when for example China is in winter and will bring premium prices for wholesale distributors.

A local Bank account can be established for you with a Vanuatu accountant ready to look after all your bookwork.

Investors receive all proceeds of the fruit sale income into their bank account and retain 1/3rd as profit, but are responsible for paying a commission to the share farm company 1/3rd and 1/3rd to the cover the costs of maintaining and harvesting the crop.

The agricultural development project undertaken by South Pacific Plantations Limited offers investors a unique opportunity in papaya production. The demand for papaya products continues to increase, and the firm's project offers individuals an opportunity with an unprecedented return on investment by selling the fruit to wholesalers at $1.00 a kilo and having an average of 80 kilos per tree per year multiplied by 400 trees, a total crop harvest could be as much as 32,000 kilos (i.e. $32,000)

However, a harvest from 2015/16 reports that Thailand sold 917,000 kilos to Europe at $2.26 a kilo average which projects a substantial lift in returns than the minimum that the company projects. The red papaya is organic free of GM so will be attractive to the fast-growing market of those who seek to eat healthily.

The papaya/paw paw has long been known for its medicinal qualities, but demand for the tropical fruit is far outstripping production. Christopher Columbus called it the "fruit of the angels" and unlike many fruits, virtually every part of the papaya is used, from the peel to the seeds. It's popular eaten fresh and dried for cooking and in trail mix snacks. Papaya is an ingredient in a wide variety of dietary supplements and can be found in some types of chewing gum. From supermarkets to health food stores, the popularity of the papaya is undisputed.

The fruit has earned a designation as a super food due to its abundant anti-oxidant properties and a host of essential vitamins. It promotes digestion, cardiovascular and colon health. Papaya boosts the immune system, replenishes good intestinal bacteria and even destroys internal parasites. Its many uses have made papaya one of the most highly prized fruits in the world. A variety of local markets for the fruit are available in Vanuatu, along with Asia, Australia and New Zealand.

Print Date 18-May-2022
Updated 13-May-2019
Property Ref. WWPC-48894
Department Sales :: Development

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  • Prices shown are converted from their advertised price to the displayed currencies. Prices are approximate and refreshed hourly but are subject to change without prior notice due to market fluctuation.
  • Map locations may be approximate at the vendors request or for security purposes.