Eleven room Hikkaduwa hotel with potential for beach access

$775,000

place Hikkaduwa

size 17 perch

Occupying a 17 perch plot on the Galle Road in Hikkaduwa, this small hotel/guesthouse has eleven ensuite air-conditioned bedrooms.  It is separated from the beach by another property which is available by separate negotiation (see below).

Of the eleven bedrooms, seven are ocean facing.  The common areas include a reception are, dining area and roof-top with ocean views.  There is a small kitchen which is used for breakfast service.  The property has limited on-site parking.

Whilst it has been operating successfully “as is”, the hotel has potential for expansion and improvement.  A further five bedrooms could be created by adding another floor, and there is the electrical infrastructure and allocated space for the installation of a lift and/or a generator.

Further expansion may be achieved by the purchase of one or both of two adjacent plots.:

Directly behind the hotel is an 18 perch beachfront plot. Accessed from the side road leading to the beach, there is an extant local-type hotel building. Asking price for plot 2: US$370,000.

Forming a link between the hotel and the side road is a third plot of 2.9 perch.  This would give the hotel guests an alternative (shorter) route to the beach.  Asking price for plot 3:US$65,000