Properties

Angsana Velavaru

Velavaru Island, South Nilandhe Atoll, Republic of Maldives

  • Guest Room

    113
    Guest Rooms

  • Land Area

    67,717 sq m
    Land Area

The Maldives is a nation of coral islands scattered across the Indian Ocean, consisting 26 natural atolls with over 1,100 islands. The Maldives' tropical climate, white beaches, rich marine environment, "one-island-one-resort" concept and ease of accessibility from Europe, the Middle East and Asia have firmly established the island paradise as a top-tier destination for luxury tourism.

The property is located at the southern edge of the Maldives archipelago in the South Nilandhe Atoll. It occupies the island of Velavaru, one of the more intimate lagoons in the Maldives. The Angsana Velavaru resort is a 40-minute scenic seaplane ride from Malé International Airport. It comprises 79 Beachfront Villas and 34 InOcean Villas, providing guests the opportunity to enjoy two distinct experiences at one resort.

NOTABLE ACCOLADES

  • • Travel Trade Maldives' Best Honeymoon Destination 2023
  • • TripAdvisor Traveller's Choice 2023
  • • Luxury Travel Guide Spa & Wellness Awards 2018

 

Property Details [  –  ]
Number of villas 79 Beachfront Villas, 34 InOcean Villas
Number of F&B outlets Four outlets comprising Kaani Restaurant, Funa Restaurant, Azzurro Restaurant and Bar, and Kuredhi Pool Bar
Other facilities Angsana Spa & Gallery, Swimming Pool, Marine Conservation Lab, PADI 5 Star Gold Palm Dive Centre, Watersports Centre, Kids Club, Wedding Pavilion, Gym and Medical Center
Land area 67,717 sq m
Title 99-year leasehold interest commencing from 26 August 1997
Purchase price at 31 January 2013 US$71.0 million
Valuation (1) as at 31 December 2023 US$57.0 million
Green Rating/Certification EarthCheck Gold
Master Lease Details [  –  ]
Master lessee Maldives Bay Pvt Ltd, a subsidiary of Banyan Tree Holdings Limited
Term of lease 10 years from 1 February 2023
FY 2023 Key Financials [  –  ]
Rental income S$8.5 million (2)
(US$6.3 million)
Net property income S$8.2 million (2)
(US$6.1 million)
Average occupancy rate 62.2%
  • (1)The property was valued by Colliers International Consultancy & Valuation (Singapore) Pte Ltd using the Discounted Cash Flow approach.
  • (2)Based on the average exchange rate of US$1.00 = S$1.3425.

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