Property ID : SSP508
For Sale USD1,200,000 - Villas
- Luxe Colonial-style Villa and Tea & Cinnamon Micro-Plantation
- Interiors by Architectural Digest-featured George Cooper of Kahana Kanda
- Traditional Sri Lankan antiques plus high-end modern furniture
- Secluded Hillside Location with valley and rice paddy vistas
- 12 minutes from beaches, 20 minutes from Galle Fort
- Top-rated Airbnb property with “Superhost” status, 4.9/5 Stars
- Income via Airbnb paid to overseas account
- 6 Bedrooms, sleeps 12+
Location
Villa is 12 minutes from Galle Road, 14 minutes from Unawatune, 22 minutes from Galle Fort, 18 minutes from Southern Expressway (Pinnaduwa exit).
Plot Layout and Land Size
Land area – 219 perch (approx. 1.4 acres/ 0.6 hectares)
(Scan of the plot layout attached)
Villa Size
Main building – 7,500 sq ft / 700 sq m
Lower building – 1,000 sq ft / 90 sq m
Total living area – 8,500 sq ft / 790 sq m
Room Layout – Main Building (7,500 sq ft / 700 sq m) - Grand entrance hall
- Open indoor living room + dining room + kitchen
- Outdoor dining area
- Outdoor living area
- Master bedroom 1, with attached bathroom (including double sinks, bidet, shower)
- Guest bedroom 2, with attached bathroom (including double sinks, shower) and walk-in closet
- Guest bedroom 3, with attached bathroom (including double sinks, shower)
- Guest bedroom 4, with attached bathroom (including double sinks, shower)
- Powder room
- Pantry
- Storage room
Room Layout – Lower Building (1,000 sq ft / 90 sq m) - Indoor living room
- Guest bedroom 1, with walk-in closet
- Guest bedroom 2, with walk-in closet
- Shared bathroom (including double sinks, shower)
Agriculture on Property - Hillside cinnamon grove with approximately 65 cinnamon trees (planted 2016)
- Tea terraces with approximately 350 tea bushes (planted 2017)
Current Ownership Structure - Currently owned by foreigner in legally compliant 3-company structure. Local nominee is Simon
Senaratne, Senior Partner at Simon and Associates Law Firm, Colombo. - Clean and unencumbered title deed to the property.
Purchase Options - For Sri Lankans, transfer of property deed into their name.
- For Foreigners, transfer of 3-company structure into their name.
Sale Includes - Property and structures
- All furnishings except selected paintings on walls
- All electronics and appliances, including generator and video security system
- Cash on hand (approx US$20K)
Rental Operations - Villa rentals are handled through Airbnb, with payments made by Airbnb in USD to a nominated
bank account outside Sri Lanka. Funds are currently then remitted to Sri Lanka, but continuing this
would be at buyer’s discretion. - Villa is currently staffed by a Butler, Houseboy, Chef, Gardener, and 2 security guards. All
employees are long-term, reliable, and trusted, and are expected to remain post-sale. - Villa operations have been run “by the book,” including EPF contributions for all employees, and
all government taxes and fees paid. - Villa has excellent relations with neighbors and local village (villa owners paid for village
electrical upgrade, road paving, and annual temple contributions).
Rental Financials
2017
Revenue Rs. 11,628,219
Expenses Rs. 8,603,806
Profit Rs. 3,024,414
2018
Revenue Rs. 15,058,303
Expenses Rs. 8,209,347
Profit Rs. 6,848,957
2019
Revenue Rs. 9,387,132
Expenses Rs. 8,253,525
Profit Rs. 1,133,607
2020 (Jan-Mar only)
Revenue Rs. 5,319,603
Expenses Rs. 1,892,623
Profit Rs. 3,426,980
