Vaavu Atoll, Maldives
Asking Price
$46M
Keys
38
Land
21acres
Investment Overview
Price per key $1,210,526. Figures are illustrative and provided for this demonstration only.
Vaavu is the least developed of the central atolls, and this twenty-one acre island sits at its southern edge with a house reef that is genuinely exceptional — a wall dropping to eighty metres within forty metres of the shoreline, with resident manta and whale shark activity for eight months of the year.
The resort trades thirty-eight keys: twenty-four beach villas along the western shore and fourteen set into the island's interior. It is deliberately small. The owners took the view early that the reef could not carry a hundred-key operation and built to that constraint rather than to the site's planning allowance.
Everything is single-storey and timber-framed, and the island retains its original vegetation almost entirely — the villas were threaded through the palm rather than cleared into it.
The vendors are the founding couple, now retiring after eleven years. They are selling the island lease, the improvements and the operating company as a going concern.
The asset trades at 82% occupancy with an ADR of roughly $1,150 — strong for a boutique operation, and achieved with a marketing spend that is a fraction of what the branded competition carries. Eighty-one percent of guests are divers, and a third have stayed before.
The consented allowance permits a further twenty-two keys, including overwater villas along the northern reef edge. The current owners chose not to build them; a purchaser with a different view of the reef's carrying capacity has an obvious route to scale.
Location
Register Your Interest
The complete investment memorandum, trading history and tenure documentation are released to qualified buyers following a confirmation of funds and an executed non-disclosure agreement.
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