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Claughton House Contents CLAUGHTON HOUSE CONTENTS INTRODUCTION 02 KEY INVESTMENT HIGHLIGHTS 04 Renowned Geoffrey Bawa Property Semi-Private Beach & Impressive Headland Exclusive Beachfront Location Unique Design Spectacular Infinity Pool Redevelopment Potential LOCATION 08 REDEVELOPMENT OPPORTUNITY 10 OWNERSHIP STRUCTURE 12 VISITOR ACTIVITIES 14 MARKET COMMENTARY 16 SALES PROCESS 18 COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL INTRODUCTION For the first time since its construction in 1985, Claughton House is being offered for sale. One of the most stunning waterfront sites in Southeast Asia, this iconic villa property is situated in the Tangalle area in the beautiful south Sri Lanka. Currently owned and managed as a luxury villa, the site is also well suited for a commercial development site such as a boutique hotel or villa project. The property is a renowned Geoffrey Bawa development and is widely recognised throughout Sri Lanka. It has also featured in many publications such as At Home in Sri Lanka and Architectural Digest. The unique modern-come-colonial décor and open plan design make this villa a truly beautiful and iconic space, perfect for families and couples alike. Perched on a hilltop, 25 metres above sea level and featuring spectacular views across Kudawella Bay, the villa benefits from a semi-private beach & spectacular headland. The exclusive beachfront location on the picturesque southern coast of Sri Lanka is a highly desirable boutique hotel area. Nearby to the town of Dikwella, this stunning villa is the perfect combination of serenity and privacy whilst benefitting from easy access to all necessary amenities and tourist activities. The freehold site also has attractive redevelopment potential as either a boutique hotel or villa project. It also has an advantageous ownership structure, very accommodating to foreign purchasers. This truly is an opportunity not to be missed. Interested parties are invited to submit their offer in writing. The vendor will enter into exclusive due diligence with the preferred party/parties. INTRODUCTION 2 COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL KEY INVESTMENT HIGHLIGHTS RENOWNED GEOFFREY 01 BAWA PROPERTY Designed by Geoffrey Bawa, the founder of the Tropical Modernism School of architecture, Claughton House is renowned for its impressive architecture, breathtakinig waterfront site, and overall charm and tranquility. Featured in Architectural Digest (May/ June 2017), the property is also widely published in many art and architecture books such as At Home in Sri Lanka (Fennel and Sykes, Thames & Hudson) and Geoffrey Bawa: The Complete Works (David Robson, Thames & Hudson). SEMI-PRIVATE BEACH & 02 IMPRESSIVE HEADLAND Sitting on an astounding and secluded 7.3 acre site (2.96 hectares) with 1,200 feet of guarded Kudawella Bay waterfront, the house is elevated KEY INVESTMENT at 25 metres above sea level and well protected on a headland featuring mature coconut palms HIGHLIGHTS and impressive Indian ocean view. Providing extensive frontage on the beautiful Kudawella Beach, the lower acreage also offers safe swimming for families as well as an intermediate surf break. 4 COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL EXCLUSIVE BEACHFRONT SPECTACULAR 03 LOCATION 05 INFINITY POOL Hailed as one of the best swimming beaches in The Villa features a spectacular infinity pool, Sri Lanka, Claughton House is located directly on the providing breathtaking views over the Indian serene and picturesque Kudawella Bay. The beach Ocean. The House also features a pool cabana, is perfect for families and couples alike, with no other BBQ area, dining pavilion and yoga shala. significant developments in the area, the beachfront is typically peaceful and undisturbed. REDEVELOPMENT 04 UNIQUE DESIGN 06 POTENTIAL The villa boasts an impressive modern-come-colonial The site is currently home to a luxury villa, but is décor and open plan design, providing natural also perfectly suited for commercial development ventilation and a perfect space for entertaining. as a boutique hotel or villa project. The elevation The large living space provides views across the of the site is outstanding, with the main house 25 garden to Kudawella Bay and the stunning Indian metres above sea level, providing excellent views Ocean, with the art deco pool seemingly suspended whilst retaining an element of privacy. The lower between the villa and the sea. acreage could also provide opportunity for a beach club or beachfront villas. Split between the main house and another structure, the five tastefully designed en-suite bedrooms allow for privacy and provide a great space for a memorable family holiday. The succession of exquisitely polished entertainment and outdoor spaces make the overall environment enjoyable. KEY INVESTMENT HIGHLIGHTS 6 COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL LOCATION COLOMBO LACCADIVE SEA CLAUGHTON HOUSE GALLE FORT TANGALLE DIKWELLA INDIAN OCEAN The property is located on the picturesque southern coast of Sri Lanka, perched upon a hilltop in the beautiful town of Tangalle. Situated only a few miles from the town of Dikwella, the villa is peaceful and secluded yet LOCATION benefits from easy access to all necessary amenities nearby. The UNESCO protected Galle Fort can be reached in just 1.5 hours by car. The property benefits from well-paved road access as well as a newly fitted, well-constructed perimeter wall, ensuring that the property is safe and secure. 8 COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL REDEVELOPMENT OPPORTUNITY Claughton House is a beachfront property of approximately 7 acres of land situated within the Dickwella Pradeshiya Sabha precinct. The property has been approved by Dickwella Pradeshiya Sabha (Local Authority) for commercial use. The property can be used for a hotel or villa development project as it is not restricted in terms of permissible uses. However, there are certain restrictions in relation to the development of the property. Subdivision of the property is permitted, provided suitable access is provided for each unit. All development is subject to approval by the UDA. Furthermore, a provision will have to be made for coast conservation within the area of 35 metres from the permanent vegetation line. REDEVELOPMENT OPPORTUNITY 10 COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL OWNERSHIP STRUCTURE The freehold development is owned in a corporate structure, providing a strong and clear title, ease of transfer, and tax efficiency. Managed by Eden Villas (www.edenvillas.com), the property also has a well-built and functional rental record. Claughton House is held by Qin Lanka One (Pvt) Ltd, which acquired the property prior to the 1st January 2013 foreign ownership land restrictions in Sri Lanka and enjoys a freehold title. Therefore, the entire shares of Qin Lanka One (Pvt) Ltd can be purchased by a foreigner without any restriction/ limitation. Stamp duty at the rate of 4% is payable on the acquisition of property in Sri Lanka. However, at present, stamp duty is not applicable on transfer of shares. Queries on foreign ownership restrictions, land acquisitions and sales, mortgage and lease agreements can be counselled by D. L. & F. De Saram, a leading law firm in Sri Lanka. OWNERSHIP STRUCTURE 12 COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL VISITOR ACTIVITIES Surfing: There are many surf breaks along the South Coast, the nearest of which is about 10 minutes’ drive away in Hiriketiya. Scuba Diving & Snorkelling: With PADI qualified dive schools nearby in Dikwella, the coast offers some captivating bays and reefs to explore Whale Watching: The whale watching season between October to April is a great opportunity to see the sea life such as a blue and sperm whale, orcas, dolphins and sea turtles. Ancient Temples and Historical Sites: The miniature of the upcountry Dambulla, Mulkiligara Temple is an easy day trip, with 7 cave temples and going up to 676 feet with a breathtaking view over the canopy at the top. Wildlife: Many splendid wildlife parks are within easy distance of Claughton House. With an abundance of wildlife, Yala, the top of most people’s to do list when visiting Sri Lanka is a wonderful experience with its main highlights being leopards, elephants, sloth bears and buffaloes. Having its main focus on elephants, Udawalawe National Park creates a surreal but fascinating landscape with the old trees of the forest, with the safari ending at the large reservoir. Bundala National Park is the best spot for birding, with 197 species and a large flock of Greater Flamingo’s. ACTIVITIES Shopping: With a spread of fashion, merchandise, VISITOR hotels and restaurants, a day trip to the UNESCO world heritage site and shopping haven of Galle Fort would be a worthwhile and exciting experience. 14 COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL MARKET COMMENTARY The focus of significant FDI from China, India and the Gulf, the country has two Shangri La hotels, along with many significant hotel development projects underway in Colombo such as the ITC Colombo One Hotel & Residences, in addition to the John Keells Lakefront Hotel project which will be in excess of 4.5mil square feet. The southwest region of Sri Lanka, where Claughton House sits, is experiencing strong investment from global hotel brands and developers. Joining the two existing Aman resorts, the Amangalla (Galle) and the Amanwella (Tangalle) near the House, these 5-star names include the RIU Ahungulla (JV between local chain Aitken Spence and Spain’s RIU), the Shangri La (Hambantota), Marriott (Welligama), and a second Anantara Resort
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