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Beach Hotel For Sale in Yala, Hambantota, Sri Lanka

Yala

Asking Price: $1,500,000 USD  (Negotiable)

Superb Beach Resort with 100 meter undisturbed beach frontage in Southern Sri Lanka located in Kirinda, Yala. The hotel is close to Yala Park famous for its wild Leopard & large mammals sightings. Bundala National Park well known for its migratory birds is also within close reach. Resort is situated in a fantastic undisturbed and pristine beach location.

Kirinda & Yala are great tourist areas and is in the Hambantotoa District which will be a major economic hub region in Asia. Hambantota has a large natural harbour to cater for both cargo and cruise ships. Hambantotoa International Airport is completed and is 45min drive from resort. The highway extension link from Hambantota to Matara is near completion and is expected to open soon. The highway from Matara to Colombo is open for use.

The resort comprises of 23 chalets of double, triple & family size with attached bathroom and comfortable guest amenities to accommodate group sizes. A fully functional restaurant, unique pool and a function hall with dance and bar facilities plus a range of buildings totals over 20,000 sq ft used for various operational purposes and generates additional income.

The land extent in survey plan (LCOM/TSS/2017/19) is 1 acre, 1 rood and 6.7 perches (1.3 acres OR 0.5097 hectares). The 30 years commercial long lease is for tourism business. It commenced on 31st May 2017 in the name of the registered private limited company & it is on a renewable commercial lease.

The annual lease rental figure to be paid to local government is Rs 280,000 (Sri Lankan Rupees)


All approvals and licences including liquor FL7 & FL8 is in the company name.

Important Extra Relevant Information for Buyers


Sale of hotel includes the private limited company where the company shares are transferred. There is room for extra rooms to be built in mixed concept

• Company share sales and transfers are exempt from taxes at present
in Sri Lanka.
• Foreign buyers are now allowed to own 100% of company shares.
• Company has 10 million shares. Buyer can be sole owner or joint
partnership buyers.
• Established on-going business that is marketed in several travel
related magazines.
• Existing agents, future bookings, assets & debt free company will
be transferred.
• There are several income generation options from rooms, massages,
bar, outlet & activities.
• All required operational licences have been renewed for the current
trading year.
• Licences include hotel liquor & bar licence FL7 & FL8, COC,
trading licence, environmental licence & tourist board licence.
• Resort comprises of buildings extent of 20,000ft² OR 1,850m² for
various usages
• Three Phase Mains Electricity, Mains Water, 4G Wi Fi, CDM Tel Lines
& Satellite TV connections.

Guest Leisure Activities in Local Area

There are many ranges of activities that can be done at KBR where guests stay 2 - 3 nights or more.

• Beach Activities includes Boogie Boarding & Skim Boarding
• Wildlife Safari in Yala Park & Bundala Park (All Year Round)
• Deep Sea Sports Fishing (November to April) & Other Local Fishing
(All Year Round)
• Deep Sea Coral & Adventure Wreck Diving (March & April)
• Rural Village & Interactive Sri Lankan Cooking (All Year Round)
• Rural Cycling & Rural Hiking (All Year Round)

There is scope to increase the activities to include Kite Surfing & Team Building Events. There is space to add extra rooms & have mixed concept theme to cater for all tourist clients.

Kindly contact seller for more detailed info regarding hotel business. Please no time wasters or any fake buyer/investors.
Genuine & serious buyers only please contact owner.


About This Property

Category:
Hotels
Address:
Beach Road, Kirinda, Yala
Beach Road, Kirinda, Yala
Yala
Hambantota 82614
Sri Lanka
For Sale By:
Owner
Construction Year:
2015
Area:
20,000 Sq. Ft
Bedrooms:
23
Bathrooms:
27
Sleeps:
60
Stories:
n/a
Parking Spaces:
20



Features - Amenities

  • Ocean View
  • Ocean Waterfront
  • Furnished
  • Appliances
  • Maid's Quarters
  • Maid's Bathroom
  • Laundry Room
  • Pool
  • Gym/Spa
  • Cable TV
  • Function Hall & Bar With Dance Facilities
  • Beach Side Restaurant
  • Stores
  • Offices
  • Spa Massage Center
  • Gift Shop
  • Staff & Driver Quarters


Pictures  (click to view a larger image)


Contact - More Information

Patricia Parkin
 
Phone:   94777558390
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