Property ID : SSP458
For Sale USD1,350,000 - Villas
General Description: Large fully furnished 4 bed aircon villa with 15m infinity pool set in a 232 perch garden, with spectacular views across Koggala Lake. A potential 5th bedroom/TV room/Gym is currently used as a store room. Plus separate 2 bed staff house, water tower and store rooms.
Location: East end of Koggala Lake.
Facilities: 3 Phase electricity; Well water; & Bottle gas for cooking.
Completed in mid 2012, gaining a National Construction Association award, using antique flooring, doors and windows, the villa is a mix of traditional charm and modern comfort, laid out to maximise the glorious views across the lake.
The villa has 4 aircon bedrooms, all with ensuite shower rooms and is situated on 232 perches (1.5 acres) of elevated land adjoining Koggala Lake in Kathaluwa, Ahangama, Galle. Set in a tropical garden, at the end of a finger of land extending into the lake, it is accessed via a 200m single track through cinnamon plantations which are the only neighbours.
All bedrooms face the lake and have either a balcony or terrace. The large master bedroom (7.5x6m) and bedroom 2 (5x4m) are upstairs, bedroom 3 (5x4m) is located on the ground floor and bedroom 4 (5x4m) is at a lower level, connected by outdoor steps and path. Additional areas comprise large indoor lounge, TV/games room with aircon, study/ library, large kitchen, utility room, 17.5 x 4m balcony, 12.5 x 4m veranda leading to 8 x 5.5m dining area, ground floor guest toilet, dryroom and under stairs storage. The villa’s floor area is approximately 600 sq m.
Additional facilities include:
15 x 7m infinity edge pool with slate tiles
7 x 4m workshop/ garden storage behind bedroom 4. This has all the plumbing and electrical connections required to turn it into a 5th a/c bedroom with ensuite or gym, TV room etc.
2 bedroom staff house
Water tower with two additional storage rooms, shower and toilet used by gardener
Extensive lake facing land with potential for multiple cabanas or mini villas
The villa is currently let until 16 Dec 2022, with a break clause if sold. There are currently 3 staff: A couple who live on site and take care of the villa and cook (Sonali is an exceptional cook) and a gardener. All are registered for EPF and ETF. It is approved by the Sri Lankan Tourist Development Agency as a deluxe bungalow (registration SLTDA/SQA/BUN00410) and is licensed.
Prior to COVID annual occupancy was in the 40% region. Audited accounts and current management accounts may be viewed by arrangement.
The villa is held within a company and it would be the shares of the company that would be sold, with the land, buildings and contents constituting the assets of the company. As the company was incorporated and the land purchased in 2008, we are advised that the company’s shares can be transferred 100% to foreign ownership.