A very rare opportunity to acquire this prime beach property located within an increasingly upcoming tourist area!
The property is located only about 5 km’s North of Batticaloa town, accessed by a good and wide road and has easy access to shopping and other facilities at Batticaloa town.
The land has almost 400 meters of direct beach front and would lend itself to any sort of project, be it a resort- or a multiple-villa development.
By 2012 there will be various new hotels opening around Passekudah (approx. 15 km’s) which will attract further tourism and investors to this coastal stretch and prices for beach land only a few km’s North of the property have already hit the USD80,000.-/ acre – mark.
In general the sea is a lot more suitable and safe for swimming along the East coast than, for example, the Southern- or Western coastal belt apart from many reefs in the area which would offer fantastic diving and snorkeling.
The property has clear titles and a loan would be obtainable if required (title accepted by banks). The owners would consider sub-dividing the property into two lots.
A prime investment!