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Build your own tropical paradise! Uninhabited Maldivian island with permits for a luxury hotel resort and spa goes on sale for £8.5m

Thursday, September 18, 2014 16:37

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Here’s something to dream about the next time you buy a ticket for a massive lottery jackpot.

With an asking price of £8.5 million, an uninhabited island in northern Maldives has hit the market, giving a wealthy entrepreneur an ideal opportunity to build a luxury resort from scratch.

The pancake-shaped tropical island of Orivaru comes with permits for a hotel and spa, according to luxury real estate firm Debutesq Group, which listed the 34.6-acre property.

Located 45 minutes by seaplane from the capital Male, Orivaru is one of 71 islands that form the Noonu Atolls and a haven for anyone who is seeking privacy.

Only 13 of the islands are inhabited and the closest one – Minaavaru, which is home to a Hilton resort and spa – is three miles away.

Alan O’Connor, managing director for Debutesq Group, said: ‘There is nothing on the island right now. It’s a complete virgin island.’

The island is held on a long leasehold from the Maldivian government but Debutesq Group said such leases are frequently renegotiated and extended.

Ringed by a white sand beach that is lapped by crystal clear water, Orivaru is a blank canvas for its future owner or owners.

Mr O’Connor said permits issued by the Ministry of Tourism have paved the way for some inland development and guest rooms on the shore.

Debutesq Group said inland development would include restaurants, guest lounges, pools and a wellness spa, while permits allow for nearly 100 private rooms and water villas that would have exhilarating views of the Indian Ocean.

The island has a natural port allowing boats and seaplanes to berth without interfering too much with the natural landscape.

For the last two years, Orivaru has been owned by a Maldivian registered company led by a property investor from the Czech Republic.

Paradise: The island of Orivaru in northern Maldives has hit the market with an asking price of £8.5 million

Pancake-shaped Orivaru comes with permits for a luxury resort that allows for nearly 100 guest rooms and water villas

Private island: Orivaru is one of 71 islands that form the Noonu Atolls and the closest one that is inhabited is three miles away

Untouched: The island has a natural port allowing boats and seaplanes to berth without interfering too much with the natural landscape

Yours for £8.5 million: Orivaru is held on a long leasehold from the Maldivian government but Debutesq Group said such leases are frequently renegotiated and extended

A glimpse of the future? This is what Orivaru Island could look like if a wealthy investor develops a luxury resort and spa

Source: http://nesaranews.blogspot.com/2014/09/build-your-own-tropical-paradise.html

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