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UNIQUE INVESTMENT LAND IN HOI AN FOR DEVELOPMENT
Investing/Development For sale in Hoi An, Quang Nam, Vietnam
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Sale Price: $6,000,000.00
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15,615 sqm (1,56 Ha) of riverfront land with the best views of Hoi An Ancient Town, declared World Heritage Site by UNESCO in 1999. The land is provided with a concession for 42 years and licensed for building and development of touristic activities, such as a resort or a grand hotel. It is located in Cam Nam island sitting right next to the 150 metres long bridge that connects the two neighbourhoods.
It is the only big property still available for investment inside Hoi An. Its price, 6,000.000 USD, is reduced to less that half the actual market value, subjected to a quick sale.
Land features
The parcel contains a large restaurant and two blocks of four apartments each, as part of an unfinished great project. The rest consists of green ample areas with full grown autoctonous trees and coconut palm trees.
Exclusive use area: 10,595 sqm
Shared use area (riverfront): 5,020 sqm 4000sqm free rent
1020 sqm rent out by Cam Nam Ward
Riverfront length: 350 m
Commercial soil benefits
Former taxation laws apply to this project license. Therefore, the two first years are exempt of VAT, and only when in benefits. For the third to the fifth year a 50% VAT reduction applies (7.5%). From the sixth year onwards VAT will be 15% Please, note that current taxation law charges 28% to touristic exploitations. Further information is available upon request.
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