Small development with rental income

$930,000

place Koggala

size 150 perch

Opportunity to purchase a turnkey estate located in between Koggala and  Ahangama, featuring four operational units and significant development potential.

The property consists of seven total lots across approximately 150 perch.  There are three 3-bedroom villas with private pools and one 1-bedroom loft along with three building plots for future development.

The  built villas are within their own individual walled/fenced and landscaped gardens and each has a private pool and fully equipped kitchen.  They share an excellent 15ft access road.

The estate currently generates a gross rental income of $56,400/year from its four units. Under active management on Airbnb with 52% occupancy,  it could generate up to $136,000/year

Please note that the map pin is approximate and indicates the general area only. Please contact us for further details and the exact location.

See also our article about the Lure of Koggala Lake