KEREHDHOO ISLAND IN MALDIVES FOR SALE - PROPERTY IN MALDİVES INVESTMENT FOR SALE

Property ID # ES-039

Description

MALDIVES ISLAND FOR SALE
KEREHDHOO, a pristine island located in Huvadhoo Atoll in the southern Maldives, 388km south of Male International Airport. Huvadhoo atoll is believed to be one of the largest and deepest atolls in the world and is dotted with dive sites, many of them well known in the diving community around the world. Manta points, fascinating reef formations, coral gardens are all part of the marine wonders of the atoll.
The island occupies approximately 11 hectares of undisturbed and indigenous vegetation and is 740meters long by 215meters at its widest point. Surrounded by 150 hectares of crystal clear shallow lagoon teem with spectacular marine life in vibrant coral reef. The eastern side of the island offers an uninterrupted view of the Indian Ocean.
There are two operational airports in the Atoll, the nearest being Kooddoo Airport. Travel time from Male’ international airport to Kooddoo is approximately 50min. There are more than 18 flights a day to Huvadhoo Atoll. Travel time between Kooddoo and Kerehdhoo is 7 min by a speed boat..
Location 
Huvadhoo Atoll (400 km South of Male’)
Latitude: 0°39'30.75"N
Longitude: 73°26'19.66"E
Approximate area of the island : 11 Hectares
Length of the island 740 m
Average Width 215 m
Lagoon 150 hectares
Distance from Kerehdhoo
Airports in the Atoll
Kooddoo Airport (Operational) 5miles
Kaadedhoo Airport (Operational)  32miles
Maavarulu Airport (Under development) 22miles
Nearest Resort island
The Residence, Falhumaafushi (1 km)
Park Hyatt, Hadahaa (16.5 km)
Number of Operational resorts in the Atoll 7
Nearest inhabited islands
Maamendhoo (Pop. 1200)
Travel time by air from Male' to Kooddoo Airport 55 min
PROJECT: KEREHDHOO ISALND RESORT
LOCATION: NORTH HUVADHOO ATOLL, MALDIVES

Country Overview
Location :Location Southwest of Sri Lanka, on the equator
Local Time GMT + 5 hours
No of Islands :1,190 coral islands, 202 inhabited, 94 exclusive resort islands
Climate : Tropical climate
Population :Approximately 300,000
Language :Dhivehi (local language) and English
Major Industries : Tourism and Fisheries
Currency : Rufiyaa (exchange rate US$ = MVR 15.42)
Electricity : 240 AC
Property Overview
Property Name : Kerehdhoo Island Resort
Land Area : 11 hectar es of land
Nearest Airport : Kooddoo Airport (7min by speedboat)
Estimated Investment : USD50 million
Proposed Opening Date : 30-Dec-15
Lease Period : 50 years
Development Concept : 
Number of Keys/Beds125 
Beach Villa (250 beds)
125 Water Villa (250 beds)
Food and Beverage
Main Restaurant
Bar and Coffee Shop
Specialty Restaurant
Other Key Facilities
Swimming Pool, Spa, Dive Center, Tourist Shop, Water Sports
Target Market 5 Star
Financial Highlights 
Capital Expenditure USD$ 50,000,000
Internal Rate of return % 23%
Payback Period At Nominal Cash Flow
Period 6 years
Annual Rent USD$ 880,000
Average Occupancy % 70%
Average Daily Room Rate USD$ 350
 
 

General Features

Inner Area Properties

KEY FEATURES

Property ID # ES-039
Location Maldives
Status Sale
Categories Hotel Projects
Area 110000 m2

Distances

Beach 0 m.
City Center 8 km.
Airport 35 km.
Shopping 8 km.
Ski Center

PRICE

50.000.000 USD
110000 m2

SEND MESSAGE

ESMA COMPANY, by BID in International Business Golden Quality has been awarded the prize.