WELIGAMA – UNIQUE TOURISM INVESTMENT OPPORTUNITY

100-Year-Old Residence | 240 Perches | 0.6 km to Weligama Town & Beach | Main Road Frontage

A rare opportunity to acquire a large, level 240-perch property with a historic residence of approximately 100 years of age, ideally positioned for redevelopment into a boutique hospitality or tourism-related investment.

The property is located only approximately 6.0 kilometrer from Weligama town and the beach, while the main road runs immediately adjacent to the property, providing excellent accessibility and strong future commercial potential.

INVESTMENT POTENTIAL

The combination of:

- 240 perches of valuable, level land
- Approximately 100-year-old character residence
- Only 6.0 km from Weligama Beach
- Close proximity to Weligama town and tourism infrastructure
- Main road access
- Large land extent suitable for phased development
- Strong potential for a boutique hotel, heritage-style villa resort, serviced villas, wellness retreat, restaurant, or mixed tourism development

makes this an attractive opportunity for an investor looking for a Southern Coast tourism development project.

POSSIBLE DEVELOPMENT CONCEPT

Subject to planning approvals and feasibility, the property could potentially be transformed into:

Option 1 – Boutique Heritage Hotel

- 8–12 guest rooms
- Restaurant / café
- Swimming pool
- Garden and outdoor relaxation areas
- Heritage-style restoration of the existing residence

Option 2 – Boutique Villa / Retreat

- 4–8 premium villas
- Swimming pool
- Wellness / yoga area
- Restaurant or breakfast pavilion
- Landscaped tropical gardens

Option 3 – Larger Tourism Development
The 240-perch land extent provides an opportunity for a phased development strategy, allowing the investor to develop the property according to market demand and available capital.

INDICATIVE INVESTMENT MODEL

For example, if an investor acquires the property and completes a quality tourism conversion:


INDICATIVE ROI & PAYBACK

Depending on the final purchase price, development cost, room inventory, ADR and occupancy:

Potential stabilized ROI: approximately 10%–18% per annum

Potential investment payback period: approximately 5–8 years

These figures are indicative investment scenarios only and are not guaranteed returns. A professional feasibility study should be completed using the actual acquisition price, renovation quotation, room count, operating expenses, occupancy assumptions and current Weligama accommodation rates.

WHY THIS PROPERTY DESERVES INVESTOR ATTENTION

The investment proposition is not simply the existing house—it is the combination of land size + location + road access + proximity to Weligama Beach + redevelopment potential.

With appropriate planning and capital investment, the existing residence could be incorporated into a distinctive hospitality concept rather than being treated as an ordinary residential property.



LOCATION ADVANTAGE

Weligama Town – approximately 6.0 km
Weligama Beach – approximately 6.0 km
Main Road – immediately adjacent to the property

A strategically located landholding of this size, so close to Weligama's tourism centre, offers an investor the opportunity to create a land-backed hospitality asset with multiple future exit strategies.

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INVESTOR OPPORTUNITY

Suitable for:
Boutique Hotel • Heritage Hotel • Villa Resort • Wellness Retreat • Serviced Villas • Tourism Development • Long-Term Land-Banked Investment

Property inspection and further investment information:

NOBLE HOMES GALLE
Strategic Real Estate Advisor

For property inspection, detailed location information, documentation and an investment feasibility / ROI assessment, please contact our Strategic Real Estate Advisor.