**A rare development opportunity in one of Sri Lanka’s emerging coastal tourism destinations.**
Located on **Nilwella Road, Dikwella**, this approximately **70-perch elevated property** offers an attractive combination of **elevated land, blue-ocean views, existing structures, direct road access and public beach access**.
The property enjoys a beautiful **over-the-trees view of the blue Indian Ocean**, creating strong potential for a premium hospitality or private residential development.
### KEY INVESTMENT FEATURES
* **Approximately 70 perches of elevated land**
* **Open blue-ocean view over the surrounding trees**
* Existing **old house**, providing potential for renovation, redevelopment or replacement
* **Direct access from the main road**
* **Public beach access from the property**
* Approximately **5 minutes to Hiriketiya’s popular tourism and lifestyle hub**
* Surrounded by **tourist hotels, villas and holiday accommodation**
* **Water and electricity available**
* **Certified survey plan available**
* Attractive natural elevation suitable for maximizing **sea views, privacy and ventilation**
### DEVELOPMENT POTENTIAL
The combination of **land size, elevation, ocean outlook and proximity to Hiriketiya** creates several potential investment strategies:
**1. Boutique Villa Development**
Develop a small collection of high-end private villas or suites designed around the ocean view, tropical landscape and privacy.
**2. Luxury Private Villa / Holiday Home**
Create a premium residence targeting international buyers, long-stay visitors or luxury holiday rental demand.
**3. Boutique Hotel / Guesthouse**
The surrounding tourism environment provides an opportunity to develop a carefully positioned boutique hospitality property.
**4. Wellness / Retreat Concept**
The elevated setting, greenery, ocean outlook and proximity to Hiriketiya make the land potentially suitable for a boutique wellness, yoga or lifestyle retreat concept.
### WHY THIS PROPERTY IS INTERESTING TO AN INVESTOR
Hiriketiya has developed into a recognised coastal tourism and accommodation destination, with a growing concentration of villas, hotels, restaurants and lifestyle businesses. Current accommodation listings in the area demonstrate continued demand for properties offering beach proximity, views and villa-style accommodation.
This property offers something particularly valuable for a development project:
Rather than purchasing an established hotel at an existing operating value, an investor could have the opportunity to **create a new hospitality product specifically designed around the site's natural advantages.**
### INVESTMENT POSITIONING
**An opportunity to acquire a substantial elevated landholding within the Hiriketiya tourism catchment, with the potential to create a distinctive ocean-view hospitality, villa or lifestyle development.**
**Price:** Available on request
**Viewing:** By prior arrangement
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