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Excellent investment opportunity - Haa Alif, Upper North Province (Maldive Islands)

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Description

4 star resort hotel developed across 36 hectares of land separated from the island inhabitants under the national development plan of the Maldivian government.

The size of the land area compared to other small islands is an added advantage for the project, while providing more than enough clear white sandy beach space all around the allocated area for its guests to maximize the privacy of their holiday.

The project has almost come to a finishing stage of the back of the house area; however options are still available for the buyer to change the design concept to satisfy the investors dream plans. The option for additional keys such as overwater villas and yacht keys are open options for the potential investor to decide which also has the possibilities of extending the lease period up to 99 years upon investment of a certain amount.

Common Services:

Location

Haa Alif, Upper North Province (Maldive Islands).

Uligamu is one of the inhabited islands of Haa Alif Atoll with a small population of 450 locals.

This chain of islands is an archipelago located among the Lakshadweep-Maldives-Chagos Group, which are the tops of a vast undersea mountain range in the Indian Ocean and the Arabian Sea.

Haa Alifu Atoll is formed from the northern part of “Thiladhunmathi Atoll” and “Ihavandhippulhu” Atoll. Together they form the northern most tips of Maldives.

There are around 42 islands in Haa Alifu Atoll, 16 of which are inhabited. Air access is possible via Hanimaadhoo airport in Haa Dhaalu (Thiladhunmathi) Atoll which is presently a domestic airport with impending plans of developing into an International airport by 2013 due to the booming development of tourism in the area, regular flights operate to
Ibrahim Nasir International Airport which lies approximately 327 Kilometers to the south.

Uligamu Island Facts and Facilities:
* Length 2500m
* Width 800m.
* Population of 450
* Distance from capital city Male’327.01km
* Health Center
* Pharmacy
* Secondary Education School
* Two Mosques
* Approximately seventy local residential houses
* Five general stores
* Engine Dhoni’s & small boats
* Government Offices
* Office of the secretariat.
* Magistrate Court.
* Customs Authorities.
* Immigration department.
* Maldives National Defense Force (MNDF) Uligamu Post & Marine Rescue Coordination Center.
* 24hr Electricity

Price and payment methods

Price: $ 15.000.000

Considering the recent increase of dollar rates and changes in the economy, TAG construction quotes a price of USD 15million for project at its present state.

Payment Plan:
* TAG construction is ready to accept USD 5million for the buyer to secure the deal.
* Rest of the payment plan can be agreed upon to be paid in installments.

The lease of the island shall be sealed for the buyer for a period of 50 years from the date of completion. However, the option for extension of the period stays. If the buyer plans to invest an amount of additional USD10milliion within the 50years lease period, (even by phases) the buyer shall be granted extension of lease period up to 99 years.

Plans

No plans available.

Catalogs

No catalogs available.

Video

No video available.

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