| This project is for sale from the established company. The sale of this project comes along with the purchase of an existing company. The project is designed over two phases and a little over 200 donums of land. The sea side land of just over 100 donums on which there is a construction visa already issued for the development of a 150 room boutique hotel and a further 250 bedroom hotel in second phase, is leased from the state on a 50 year lease on a peppercorn rent. This land fronts the sea and has 3 separate golden sand beaches; one of these beaches runs to a length of 950 metres. Construction permits and incentives have been obtained.
There is a further 96 donums of land owned by the company adjoining this land with the potential for a further 70,000m² of construction available. Permits for this further development would be required and a casino project would be possible. Of the 200 donums, 150 donums have construction zoning.
This is a fantastic development opportunity and interested parties can apply for further information. |
