Rear opportunity to occur very valuable plot with clear deeds with a few quality building, which could be easily turned to attractive resort or private residence.
The project was started by local developer, but not finished due to lack of funds. The projects could be successfully finished with a small investment.
Summary of the Property:
Type of land – 02 Acres of coconut plantation. (95 Trees bears coconut, 100 more new plants filling the vacant position. New plants expect to bear within 2-3 years.
Land is almost square configuration. Lagoon frontage on the front side perimeter, as well as a few meters thick reservation and beach front.
Buildings: 2 Units of 1000 SQ.ft Out of which one building consists of 3 rooms fully equipped with the laundry and store room at the back. Other building of 1000 Sq ft in extend with a fully equipped large kitchen and two rooms (bath room facilities to be done) Reception with sofa set and reception table
All furniture is made of teak including kitchen pantry.
Beds are with 07 “ Hants mattress.
Kitchen utensils, cutlery, bedding, washing facilities are in place.
There is a dining hall of 700 Sq ft in front of the two above building.
We obtained all the required approvals such as approval by Town council, Provincial council, Urban Development Authority, Coastal Conservation, AGA regularized, Tourist Board approval for further expansion.
We have completed Stage I. 5 Eco friendly chalets are proposed among our coconut palms for the Stage 2.
Entire land is fully Barbed wire fenced. With Electricity.
All buildings are air conditioned.
No encumbrances (no debtors).
Amount invested to buy the property and develop to this stage is Rs.62.00 Million (records are available).
Reason for selling: inability to handle the property and further development due to old age.