Villa

Hikkaduwa 3BR Villa For Sale

Hikkaduwa, Galle

RS 25,000,000

Contact

+94 71 522 1967
+94 71 522 1967

Description

Gross returns 20% USD

Rs 25 Million only!

Superbly located, closely held 30 perch property, in the most photographed beach stretch in the southern coast.

The structure is dilapidated and needs to be renovated, which is why the asking price is the value of the land only.

Features 

30 meters to the beach, land side second block on Galle Road.
Stunning views from a second floor.
Property is located 5 Kms from Hikkaduwa bridge.
It’s 2Kms from the Akurala Beach park.
Diagonally 2Kms in the ocean are the wrecks SS Conch and Earl of Shaftesbury.
When the Villa was in operation, average rental was $US 200 per night occupancy of 90% for 5/12 months of the year. Top tenant source countries were Denmark, Sweden, Germany, Great Britain and France.
Titles are clear and is currently mortgaged to a private bank.
This is an extremely closely held village with no sea view properties on the market for the last 4 years.
Don’t miss this great opportunity.