Categories: Investment Projects Private Islands
Location: Raa Atoll, MaldivesClick Here for detailed information on Maldives)
Price: USD 6,000,000
The island is 3 hectares, plus an additional reclaim 2 hectares, total 5 hectares, to develop as a resort for 100 rooms.
This project is secured and the island lease agreement has been sign already between the island owner and Ministry of Tourism and lease rent also paid to government according to the lease payment schedule.
Kandoogandu Island is in Raa Atoll and was leased by the Ministry of Tourism over 50 years for the development of 100 room tourist resort.
The island is 35 miles from north to south and 15 miles across at its broadest part. The western fringe of the atoll is composed of a series of round or oval, irregularly places reefs - a feature particular to all the larger northern atolls.
The prearranged resort can be reached by approximately a 45-minute scenic seaplane ride from the capital of Male. Alternatively can be taken a 20-minute speedboat ride from Ifuru Domestic Airport. It is a 30-minute domestic flight to Ifuru Domestic Airport from Male.
There are 88 islands in the atoll and 15 of them are inhabited. The capital island is Ungoofaaru, home to a population of about 1,200. The island contains a well-equipped regional hospital that provides health care for the people of the entire Atoll.
The Maldives are known for its natural beauty including the Blue Ocean and white beaches, accompanied by clean air. The climate of the Maldives is ideal for visitors to get engaged in water sports such as swimming, fishing, scuba diving, snorkelling, water-skiing, windsurfing and kite boarding.
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Downloadable Document Attachment:
- Kandoogandu Island
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