A rare Commercial Investment Opportunity

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Property ID : LIP-131

For Sale USD570,000 - Houses | Villas, Land | Ruins, Paddy | Plantation
5 Bedrooms 3 Bathrooms

A rare opportunity exists to acquire this magnificent 16 Acre property with an additional 90 perches including an historical bungalow in Udukawa. Situated between Weligama and Matara on the Matara-Colombo highway. The property is 7 Km from Weligama beach and 3 Km away from either side of the 2 entry points of the Southern Express Way i.e. Weligama and Matara and centrally situated between both Colombo and Hambantota ports as well as both international airports.
The land is cultivated with cinnamon, rubber and coconuts and includes a small piece of bare land which was used for gemming. The property consists of sloping as well as flat ground, a stream, several small mountains and huge volcanic rocks. The area is well known for valuable gems i.e. Alexandrite, sapphire, ruby and cats’ eye, with a vast array of animal life and exotic birds. There is a beautiful view of the Indian Ocean from both hill tops and the rocks.
The estate is ideally suited for commercial hospitality use, eco-friendly tourism projects, resorts, retreats or meditation centers. The area is ideal for horse riding, mountain biking, paragliding, bird watching, walking, jogging, yoga and many other recreational activities.
Just 3 km away, and included in this sale, is a 90 Perch piece of land with a historical bungalow, dating back to 1940. Rebuilt and re-furbished in 2009 this historical bungalow comprises of 3 bedrooms, 1 bathroom, lounge/dining room, large kitchen and covered verandah with a two-story addition comprising of 2 bedrooms, 2 bathrooms with a large studio apartment on the top floor. The property has a large tropical and lush garden and is fully walled and secure.