Plot of land For Sale Anse La Raie Ad:54352

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Mauritius > Riviere Du Rempart > Pavillon

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Rs60,000,000

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Plot of land
For Sale
Pavillon
Mauritius

Brief summary

Mauritius is situated in the Indian Ocean with other nearby island and Archipelagos. The island is considered as the Paradise of the Indian Ocean. With the fast growing of Tourism Industry and Mauritius being voted as the fifth best land visited by tourists it is an excellent opportunity for any prospective investor to look at this as a profitable scheme.

This brief is about the portion of land which the owner wants to sell outright or be part of as a shareholder for further development.

The coastal village of Grand Baie is a well known and favoured retreat for regular international tourists and locals alike. Anse La Raie is the new and upcoming development area which is around three miles away from Grand Baie where the village has been experiencing rapid development and a substantial pressure on real estate prices in recent years.

Currently, there are few central sites available for development. This has created an upward pressure on prices for both bare sites and residential units.

Real estate in Anse La Raie has been and is still considered to provide investment opportunities with sound returns and low risks due to consistent strong demand and well developed infrastructure.

Location of Land

The four acres of land is located on the north of Mauritius, in the district of Riviere du Rempart. The Neighbouring village of Grand Baie is just 3 mile away. The driving time from the portion of land in question to the airport is about an hour. The land is 300m from the seaside and the surrounding land belongs to the state. The property is actually occupied with sugar cane plantations but has already gained the green light as residential area for development zone as proposed by the authority in Mauritius.

Therefore there is no barrier for any development as laid by the government. There is an opportunity for developers to bargain with the state to rent the state owned land for long period, which may lead to bigger projects.

The other side of the land belonged rich owners with luxury bungalows, villas and hotels. The side towards the main road is the Paradise Cove Hotel not more than 1000m from my land.

Supermarket, shops, restaurants, discotheques and casinos are all within walking and ten minutes commuting distance. Last but not least, though located almost on the main road and yet benefits from not being directly on the high trafficked main road.
Current zoning and usage

(a) Residential

Facts and Figures

The nearest offer of 65-70million roupees (�1875000) or closest offer for the land.

To the Prospective investor;

Amount of Bungalow on the property 80 units
Minimum selling price per bungalow Rs 10, 000, 000 �250, 000
Total Rs 800, 000, 000 �20, 000, 000

Average Cost of Building per unit Rs 1 750, 000 �43, 750
Total Cost for 80 units Rs 140, 000, 000 �3, 500, 000
Cost of the land Rs 75, 000, 000 �1, 875, 000

Speculative Profit Rs585, 000, 0000 �14, 625, 000

Proposed development for Investor

Built around a beautiful and secluded UK shaped houses crescent shaped paint in white sand, and lapped by the turquoise waters of the Indian Ocean, as normally unit hotels.

Then the d�cor and the combination of exotic colour and the simplicity of island style, with stone floors, polished wooden furniture and many original works of art.

Attentive personal service, fine sporting opportunities, delicious cuisine and an array of leisure facilities are just a few of the attractions of the proposed land will comprise of,

� 80 stylish and luxuriously furnished guests` rooms and suites;
� 50 Deluxe Rooms (50m� - 3 different styles)
� 28 junior suites (60m�)
� 2 Suites (90m�)

Each has a private bathroom, hairdryer, air-conditioning, satellite TV, internet access, IDD telephone, music system, bar and security deposit box.

All rooms must have either a private balcony or terrace, giving direct access to the
freshwater swimming pool.

Lunch and � la carte evening meals can be enjoyed in individual thatched pavilions built out over the terrace restaurant. The main restaurant, serves a mix of Mauritian and international cuisine, with sumptuous buffet theme nights and the swimming pool.

For casual lunches a bar would the favorite spot serving light meals and snacks.
Live entertainment could be hosted every evening, ranging from dinner jazz to traditional Sega music and dancing.
Sporting facilities will be excellent: such as tennis playground and a gymnasium as
complimentary water sports can include windsurfing, water skiing, snorkeling and hobiecats, pedalos, kayaks, glass bottom boat, could be available on request

Island cruises aboard the hotel s catamaran can be arranged, deep sea fishing for tuna, shark, marlin and undersea walks.

Other facilities include volleyball, mountain biking, archery, a games room and two floodlit tennis courts could be added to raise the profile of the bungalows.

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