XC9X+F4R, Matara Rd, Tissamaharama, Sri Lanka, Weligama, Southern Province

Southbeach Weligama is a new luxury beachfront development in Weligama, the surfing capital of Sri Lanka on the South coast. There are 30 apartments left for sale with prices starting at $194, 669 for a 1-double bedroom apartment, $476, 265 for a 2-double bedroom apartment and $1, 306, 296 for a 4-double bedroom apartment (all prices include VAT). Furniture packages are extra. Completion date December 2024. Investor highlights: Completion December 2024 98 freehold apartments over 8 floors consisting of 3 Penthouses with four double bedrooms, 39 2-bed apartments and 57 1-bed apartments 75-metre wide beachfront access;35-metre pool, gym, recording studio, art gallery, rooftop infinity pool with bar and BBQ terrace 2-hours by car from the airport Uniquely situated between the ocean shoreline and lush jungle foliage, construction of the building is underway and expected to finish by the fourth quarter of 2024 Apartments can be rented when you are not staying there with an expected annual occupancy of 65% providing a minimum expected return of 7% climbing to over 10% in 3 years Annual capital growth is estimated around 10-15% (these are estimates and not guaranteed by the developer) Weligama boasts one of Sri Lankas most pristine sandy bays with shallow turquoise waters which draw visitors from around the world seeking to relax or play in the gentle surf. Enjoy exploring local restaurants with friends, sail the bay on a catamaran boat or spot blue whales off nearby Mirissa and leopards in Yala National Park. Weligamas sheltered bay offers ideal conditions for beginner surfers: protected from heavy swells, the waves here are often soft and clean and attract hundreds of surfers at sunset. Southbeach Weligama also celebrates creative arts with handcrafted furniture by local artisans, a lobby gallery showcasing contemporary Sri Lankan artists and even an in-house recording studio. Meanwhile, the restaurant supports the local fishing community while serving a modern blend of traditional and contemporary cuisine in a stylish, all-day setting.