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Off- Market- Prime Redevelopment Opportunity In The Heart Of Kandy

Sri Sangaraja Mawatha,, Kandy, Kandy, Kandy

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Price on request

House

Sale

9 bath

#OFF- MARKET- PRIME REDEVELOPMENT OPPORTUNITY IN THE HEART OF KANDY ## Rare Investment Property Near Sri Dalada Maligawa An exceptional redevelopment opportunity is now available on prestigious Sangaraja Mawatha, Kandy, one of Sri Lanka's most historically and spiritually significant locations. Situated within walking distance of the Sacred Temple of the Tooth Relic (Sri Dalada Maligawa) and the renowned Malwathu Maha Viharaya, this unique property offers investors the opportunity to acquire a strategically positioned land parcel in the cultural capital of Sri Lanka. ### Property Highlights * Land Extent: 42 Perches * Existing Building: Two-story hotel with 9 bedrooms * Location: Sangaraja Mawatha, Kandy * Access: Secluded and private setting at the end of a road * Environment: Peaceful surroundings with excellent privacy * Close proximity to: * Sri Dalada Maligawa * Malwathu Maha Viharaya * Kandy City Centre * Kandy Lake * Government institutions * Educational establishments * Hospitals and commercial facilities ### Development Potential The true value of this property lies in its redevelopment potential. Investors may consider: #### Luxury Apartment Development The location is ideal for constructing a modern 7 to 8-storey apartment complex targeting professionals, retirees, expatriates, and investors seeking premium residences in central Kandy. #### Buddhist Meditation & Cultural Centre Given its close proximity to major Buddhist religious landmarks, the property is ideally suited for: * International Buddhist Centre * Meditation Retreat * Monastic Residence * Religious Educational Institute * Pilgrim Accommodation Facility #### Boutique Heritage Hotel The existing structure can be repositioned and renovated into an exclusive boutique hotel catering to cultural tourists and pilgrims visiting Kandy throughout the year. #### Mixed-Use Commercial Development A modern mixed-use project incorporating residential apartments, wellness facilities, co-working spaces, and hospitality services could maximize long-term investment returns. ### Redevelopment Vision Subject to regulatory approvals and planning permissions, demolition of the existing building and construction of a contemporary multi-story development could significantly enhance the site's value and revenue-generating potential. The property's unique combination of privacy, prestige, and proximity to Kandy's most visited landmarks creates a rare opportunity for visionary developers seeking a landmark project in Sri Lanka's tourism and cultural capital. ### Investment Advantages ✓ Prime Kandy City Location ✓ Walking Distance to Sri Dalada Maligawa ✓ Strong Tourism and Pilgrimage Demand ✓ Excellent Redevelopment Potential ✓ Suitable for Apartments, Hotel, or Religious Institution ✓ Private and Secure Environment ✓ Limited Availability of Comparable Sites in Central Kandy This is a rare opportunity to secure a strategically located property in one of Sri Lanka's most sought-after heritage destinations, offering both immediate utility and exceptional long-term capital appreciation potential. This property would be particularly attractive to Buddhist organizations from countries such as Thailand, Myanmar, Japan, South Korea and Taiwan seeking a monastery, meditation center, or pilgrim accommodation facility close to Sri Dalada Maligawa and Malwathu Maha Viharaya. It also has strong potential for local developers looking to create a premium residential or mixed-use project in central Kandy. Private Viewing & Further Information Serious investors and qualified buyers may arrange a confidential inspection and obtain additional information, including: Survey Plans Ownership Documents Development Potential Assessment Preliminary Investment Analysis Financial Projections Market Comparisons For private viewing appointments and investment discussions, please contact: Strategic Real Estate Advisor Noble Homes Galle