About This Property
A valuable hotel and tourism investment property is available for sale in a prime location in Kataragama, facing Detagamuwa Lake. The property extends to 45 perches of land and features a building designed for two storeys, with the ground floor fully completed. The survey plan has been approved, and the building plan has received approval from the Urban Development Authority (UDA). The completed ground floor includes five guest bedrooms with five bathrooms, a separate driver’s room with a bathroom, a caretaker’s room with a bathroom, a kitchen, a lobby area, and a spacious dining area capable of accommodating up to 25 guests at once. The property is currently leased to a reputed company for use as its circuit bungalow, generating a monthly rental income of LKR 300,000. The land borders the lake’s spill area and offers a scenic natural setting. It is within walking distance of the Kataragama Devalaya and Kiri Vehera, and approximately 800 metres from the Kataragama bus stand. With its attractive lakefront location, existing rental income, and potential for further development, this property presents an excellent opportunity for a hotel, guesthouse, or tourism-related investment in Kataragama.