Extensive property in prime and rare Galle Fort position

May 11

A superb commercial property opportunity within the Galle Fort in Southern Sri Lanka

A superbly positioned property for sale overlooking the ramparts and the ocean from within the Galle Fort in Southern Sri Lanka

For sale - Guide Price USD 2.45m

Extent - 16.4 perches
8,000 square feet built space (approx.) over two levels
Excellent commercial position with street-frontage on two principal streets within the Fort
Uniquely wide ocean and rampart views from the first floor
Excellent parking facilities immediately facing the property
Reference - 165

Overview

This property presents a superb opportunity for a buyer with, most likely, an understanding of the commercial potential of its location and unique positioning.

Where a lot of Fort properties have just a single opening to the street - the buildings attached on either side - this property’s corner position makes it open, accessible, and highly visible at the junction of two of the main routes through the ‘town’.

At the far Western end of Pedlar’s Street it overlooks Rampart Street with balconies and terraces overlooking the ocean - very often with stunning sunset views. Another popular balcony looks down onto Pedlar’s Street and towards the famed Lighthouse.

The property currently operates as a cafe with significant commercial kitchen installation. A new buyer would likely look at considerable restructuring of the interior layout but the infrastructure is in place for a commercial hospitality operation. There’s potential too for mixed-use development, perhaps combining a retail function with hospitality or even a multi-apartment concept.

The property is also in good structural condition, unlike many within the Fort that might be considered for ‘renovation’.

Galle Fort continues to evolve but remains an epicentre for tourists visiting Sri Lanka’s South coast.

Recent new hospitality ventures - the likes of The Charleston and the quite recently refurbished Fort Printers - are attracting those from outside looking for fine dining (not something yet too readily available on other stretches of Southern coast).

The retail potential of the Fort is also being realised with new more branded outlets now complementing the more traditional array of gem stores and clothing boutiques.
The property has a municipal water supply and three-phase electricity connection.