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708746 | Maldives Beach Resort Development Virgin Island si

Maldives Beach Resort Development Virgin Island si
Type: buy
PriceAmerican $9,450,000.00
Seller
Quantity: 1
Availability: yes
Location: Maldives, Maldives

Maldives Beach Resort Development Virgin Island size in Hectares 17.9.

Current Status: Virgin Island

Purpose: Beach Resort Development

Country: Maldives

Island Size in Hectares: 17.9 (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 46 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: Valid April 2020 (Can be extended 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%

Location

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