Commercial Land for Sale in Kimbe

Lot 7, 8 & 9 Section 7, Kimbe, Papua New Guinea

Offered for sale as one package, this Ocean View Development consists of three lots located in Kimbe, Papua New Guinea.

The total land size is 11,454 square metres and is an exceptionally rare opportunity to tender for land of this size and location

LOT 7:
• 1 x 3 Bedroom High Set Residence
• Land area of 2743m2
• Zoned for Business/Light Industrial use
• Lease began on 1st February 1996 and lasts for 99 years
• 90m2 Residence
• Land rates K1,936 P/A
• Income – K44,400 (Gross) P/A

LOT 8:
• Previously known as “Bayside Inn”
• Land area of 5740m2
• Zoned for Business/Light Industrial use
• Lease began on 1st May 1975 and lasts for 99 years
• Land rates K862.50 P/A

LOT 9:
• 3 x 2 Bedroom High Set Residences
• Land area of 2971m2
• Zoned for Business/Light Industrial use
• Lease began on 14th March 1991 and lasts for 99 years
• 69m2 Per Residence
• Land rates K2,700.00 P/A
• Income – K148,200 (Gross) P/A

TENDER CLOSING:
• 4.00pm 28th of April 2023

SUBMISSION:
• Tenders are to be delivered (6th office) or sent by registered mail
• Fax & Email offers will not be considered
• Tender (KIMBE S7)
• PO Box 118, Lae, Morobe Province 0411 PNG

REQUIREMENTS:
• Only tenders completed on a full Arthur Strachan Tender Form (astenderform2019) with supporting financial documents (letter from a registered PNG Financial Institution) will be considered. Tender form can be downloaded here: https://www.arthurstrachan.com.pg/front/files/astenderform2019.pdf
• The contracts of sale will be unconditional and "as is where is".