Overview
- Updated On:
- March 23, 2023
Property Description
-
04 RESTAURANT / CAFÉ
-
02 BAR
-
01 WELLNESS SPA
-
01 DIVE CENTRE
-
01 WATER SPORTS CENTRE
Property Description
It sounds like this five-star resort located in the North Maldivian Islands is a luxurious and attractive investment opportunity in the hospitality industry. The resort offers beachfront and overwater private rooms with stunning views, as well as excellent facilities such as a beach restaurant, bar, wellness spa, water sports center, and dive center. Additionally, the resort is conveniently located within 40 minutes by seaplane, making it easily accessible for guests.
The lease period for the property is 43 years remaining, with the option to extend for another 49 years at a cost of USD 10 million to the Inland Revenue Authority. The annual land rent for the property is USD 850,000, which is an important consideration for potential buyers.The sale price for this property is USD 108 million, which is a significant investment but could provide a high return on investment given the resort’s prime location, luxurious facilities, and stunning views. Overall, this resort seems like an excellent investment opportunity for anyone interested in the hospitality industry and looking to own a luxurious property in the Maldives.
