$1,200,000


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TUBUAI - THE AUSTRALS ISLANDS, FRENCH POLYNESIA
Approximately 10 acres OCEANFRONT property: $850,000 US, FREEHOLD (Fee Simple)!!

"TAHITI AND HER ISLANDS" writes M. Gaston Flosse, her President "evokes an almost mythical place, like a heaven on earth...". Tahiti remains an exclusive refuge, and its distance and scarcity of land means it is likely to stay that way.

Just available are nearly ten oceanfront acres on the island of Tubuai, in the Australs group, with County water and electricity, for hotel or private estate use. The land also has two wells with fresh water, a pump house, and a small but liveable plantation home.

The island of Tubuai is surrounded by a wide lagoon, perfect for swimming, fishing or sailing, or for hotel "cottages" on stilts in the water - similar to those built in Bora Bora. Tubuai enjoys a temperate climate, and its agricultural products are principally many fruits, and potatoes. It is serviced by three flights a week from Tahiti/Faaa airport, and there is an ocean supply ship weekly.

The Pons Act (7/11/86) encourages development of French Overseas Territories. The intended enterprise must be fishing, transport, agriculture, tourism, the hotel trade, building and public works, new energy sources, arts, crafts or audiovisual functions. A suitable enterprise may obtain financing 30.00%-40.00% lower than conventional financing, so that the personal contribution may be reduced to about 5.00%. Such restrictions apply if you wish to take advantage of the Pons Act financing. There are no restrictions if you obtain conventional financing.

All investment projects must be approved by the Minister of Budgets, France, must be economically sound, create employment, and be registered within the framework of the Territory's political and developmental policies, and must also be operated for at least five years. Judicial and financial help are available, as also is detailed information.

THIS IS A RARE OPPORTUNITY TO PURCHASE FREEHOLD (Fee Simple) PROPERTY in French Polynesia. Almost all properties in French Polynesia are Leasehold. $1,200,000 US