20 acres of beach front land for sale in the exclusive area of Bel Ombre, a prime beach front location on the island of Mauritius - land of opportunities and many prospects.
An exciting and rare opportunity for investors/developers to further their grip on the international market by developing a hotel resort on this famous location, and there are only few land of this kind that are available on the island.
With the assistance of the government two luxury hotels have been built, with a number more already planned for the immediate future. Bel Ombre offers a unique development opportunity, as the vast majority of the facilities are already in place and operational. The latest step in the expansion of the region is the logical development of luxury style villas situated on the gentle slopes, with magnificent views to the beach and Indian Ocean beyond. Many celebrities have already made their mark by their latest investment in the property market at Bel Ombre, which are currently priced between £1-2 million. In order to support the construction of hotels, a spectacular 18 hole championship golf course was designed and built by Peter Matkovich, the renowned South African designer. This course, together with its own driving range, clubhouse and nine hole par three course was completed some two years ago to coincide with the opening of the hotels.
As one of the world’s top five-star tourist destinations, Mauritius enjoys a thriving economy. The Mauritius tourism industry is growing at an impressive annual rate of 15%. Tourism arrivals is currently around 1 M annually and is estimated to double to 2 M in 2015. To accommodate this fast growing industry, it is estimated that at least 25,000 additional rooms will be required. Surprisingly there are only six 5-star hotels in Mauritius. In addition, Mauritius being a very business friendly country, an increasing number of foreign investors and businessman are travelling to the island for business. There is thus interesting opportunities for the setting up luxury resorts.
There are also many incentives for foreign investors provided by the Government of Mauritius and to cite a few:
A Corporate Tax of 5% payable during the lifetime of the company instead of the normal statutory rate of 30%
Tax free dividends for 10 years
Customs duty are exempted on the importation of an approved list of equipment
Invested capital, profit and dividends may be freely repatriated subject to having approved by the Bank of Mauritius
Terms loans and overdrafts at preferential rate from commercial banks and the Development Bank of Mauritius (DPM)
Permanent Residency Status for investors
The land has a lease life of 60 years, and it is renewable thereafter. The size of the land is at 84420.09 square metres, approximately 20 acres.
Due to privacy issue I attach site plan and photos of the location at this stage but rest assure that all information are available and will be disclosed to potential buyers upon proof of funds and a firm letter of intent is received.
For further details, please contact Aveenash on 00447894559261 or email avee007@hotmail.com
