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709112 | Maldives Islands for Beach Resort Development Isla

Maldives Islands for Beach Resort Development Isla
Type: buy
PriceAmerican $4,200,000.00
Seller
Quantity: 1
Availability: yes
Location:  Maldives , Maldives

Maldives Islands for Beach Resort Development Island Size in Hectares: 3.8 (approximately). in the Maldives.

Current Status: Virgin Island

Purpose: Beach Resort Development
Country: Maldives
Island Size in Hectares: 3.8 (approximately).
Island size is taken by the authorities based on records kept by the authority. Size of the island is not
completely accurate due to nature of the island; hence the investor can do a land survey from a government
authorized firm to determine actual.
Type of Lease: Head lease (Remaining lease period 47 years/ to be verified exact number of years). The
initial lease period is 50 years.
Another 49 years can be added by paying a lump sum amount to government (To Be
Advised exact figure) within the initial 50 years lease period, if investor wish to extend
the contract.
Construction Grace Period: (Need to extend with additional payment).
Distance: Direct flight to the island by sea plane is approximately 40 minutes.
Domestic airport under development
Tourism Taxes (after construction period):
Government Lease Rent:
USD 8 Per Sq. Meter per year
Green Tax: USD 6 per night
TGST: 12%
BPT: 15%

We are ready to provide with more detailed financial data upon signature of soft LOI (without penalties for non-buying) showing the financial credibility and interest of the potential buyer. 

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