Investment Property for Sale in Hikkaduwa – Narigama

This unique investment property is located in the highly sought-after Narigama area of Hikkaduwa, offering an excellent opportunity for residential use, holiday rentals, or long-term investment. The property is set on 47 perches of land and is just a six-minute walk to the ocean and Galle Road, providing both tranquility and easy access to key amenities.

The land comprises three separate residential bungalows and a detached kitchen, making it ideal for multi-unit accommodation or boutique-style rental operations. A large swimming pool with an approximate capacity of 50 cubic meters enhances the property’s appeal for leisure and tourism use.

The property is fully serviced with plumbing, three-phase electricity, and high-speed fiber optic internet. Each house is equipped with its own router, ensuring reliable connectivity for residents or guests.

The land is beautifully cultivated with mature fruit-bearing trees and plants, including over 100 banana bushes, mango, jackfruit, breadfruit, papaya, mulberry, coconut palms, and other tropical trees, adding both natural value and sustainability to the property.

Price: USD 325,000

Legal & Registration Details

The property is held under a 99-year long-term lease registered in the seller’s wife’s name. The lease includes full rights to sell, gift, inherit, sublease, build, demolish, and develop the property, with no unilateral right of termination by the landlord.

Subleasing is permitted. Alternatively, the existing lease agreement can be terminated, allowing the buyer to enter into a new, identical long-term agreement directly with the landowner without delay.

This property represents a rare and flexible investment opportunity in one of Sri Lanka’s most popular coastal destinations, offering strong rental demand, development potential, and long-term security.