A superb villa development opportunity close to Galle

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Oct 9

A unique development option on one-of-a-kind rice-paddy facing land with potential to leverage significant existing project investment

For sale - Guide price LKR 290m (approx. USD 870,000)

Land extent - 6 acres
Unique rice-paddy facing promontory with 270 degree rice-paddy views
Major investment already in landscaping, infrastructure and construction
Principal communal building complete (7,250 square feet)
‘Show-villa’ complete (2,200 square feet)
Development approvals and approved sub-division plans secured
Reference - 156

Overview

The land here extends like a promontory giving a uniquely long rice-paddy facing boundary - along three sides. That, along with good immediate access and a location close to Galle and the Southern Expressway, made it an obvious site for its current owners’ multi-villa development concept.

Towards that end the owners have secured all necessary approvals, done extensive design and concept work and completed the structure and MEP for a principal communal space that borrows neatly from the Dutch colonial style common to the area. A two-bedroom ‘show-villa’ is also complete, easily replicable to give 12-14 units, all rice-paddy facing around the perimeter.

A change of family circumstances means the owners no longer wish to take the project to completion and are offering the property for sale with the option to leverage the significant investment to date. New owners would of course have the option to reconceive any project entirely as they choose.

The property sits just to the North of Koggala Lake, mid-way between Galle and Weligama on Sri Lanka’s South Coast.

Immediate access is via village roads - not wide but in good condition.
The historic and much-celebrated city of Galle is within a 40 minute drive; the beautiful beaches of Habaraduwa, Thalpe and Ahangama all within around 15.
The Southern Expressway is reached most quickly via the Imaduwa Exit - only 10 minutes drive - bringing Colombo and the International Airport within a 90 minute drive.
- 3-phase electricity
- Two tube wells
- 3.5m perimeter fence
As above, there is the opportunity to take the existing multi-villa project to completion. That project was styled to offer an all-round lifestyle opportunity with high quality restaurant, wellness, and other leisure facilities on site.
The location would lend equally to a high-end boutique hotel development or luxury wellness concept. Or, indeed, a blend of all three.