Full Description

- €645 per m2 - 8% rental guarentee per annum for three years - Well-positioned piece of land on a hillside with sea views - Just 700 metres from beach - Experienced international project managers (Gleeds) - Albania is perfectly poised for growth and is approaching NATO & EU membership. The Illyria Resort and Spa site is situated in Lalezit Bay, 20km from the capital Tirana's newly upgraded international airport and 35km from its city centre. The Illyria Resort and Spa site is situated in Lalezit Bay, 20km from the capital Tirana's newly upgraded international airport and 35km from its city centre. Much of the bay is virgin land apart from a small village with some shops to the north. The beach is completely undeveloped but we are aware of land transactions taking place. The area masterplan ensures that new developments will have a maximum footprint of 30%, keeping density low, and be no more than three storeys high. More developments will help to improve the area's infrastructure faster and raise awareness of the bay as a new tourist destination. As the closest beach destination to the capital Tirana, we expect interest in Lalezit Bay to be high. At present the bay is accessible via an uncovered road but a new access route from Durrës is currently under construction. This will open up access to the area when it is completed in late 2008. This road will also bring the lively and charming capital Tirana within quick and easy reach. The city is full of brightly coloured buildings and boasts many restaurants and bars. A stroll around the central districts will reveal some of the city's one million inhabitants enjoying a drink and a meal in the warm evening air. Illyria Resort and Spa is also situated close to the ancient city of Durrës, Albania's major port. Durrës is home to the largest Roman amphitheatre in the Balkans and is an established and popular tourist resort with many hotels, bars and restaurants. As a result Durrës can be extremely busy during the summer season and at weekends. There are frequent ferries between Durrës and Italy, including a fast hydrofoil service to Bari, directly across the water. There are also ferry services to Ancona and Trieste. The busy port has received €80 million of EU funding to upgrade and regenerate the area.