A historic ‘bungalow’ and estate for sale near Kandy

Apr 11

Built in the 1860s, a unique and beautifully positioned estate house with 6 acres of lush forest and gardens

For sale - Guide price USD 675,000

Extent - 6 acres
Internal square feet - approx. 6,000 square feet (TBC)
Prinicipal bungalow - 4 bedrooms
Guest bungalow - 3 bedrooms
The villa - 2 bedrooms
Managers house - 3 bedrooms
The house and estate is operational as a guest house - ranked No. 1 on Booking.com in Matale region
Reference - 86

Overview

Built in the 1860s, the principal house on the estate is the oldest in the Matale region, bordering Kandy in the heart of Sri Lanka. Over two levels, it offers four very generously-sized bedrooms, all with ensuite bathrooms, and large living and drawing rooms. A wide verandah at the front of the house looks over a pool that itself has views across jungle and to the valley below the property.

The current owners have developed further, adding a four-bedroom guest bungalow as well as a smaller two-bedroom villa - both entirely self-contained with kitchen and comfortable living areas. A managers house with three bedrooms, bathroom, kitchen and driver accommodation makes up the abundant set.

Lying just to the East of Matale the property is on the fringes of the beautiful Knuckles Mountains and at an altitude - approximately 600m above sea level - to give a very pleasant temperature year round.

It operates currently as a guest house with significant scope to develop that business further should new owners wish. A much-trusted and long-serving local team manages the property.

The house and estate sit very much on the tourist ‘trail’ that leads Southwards from the Cultural Triangle between Sigiriya and Kandy and has proved popular for visitors making that journey.
The development of the Central Expressway reaching up to and now beyond Kurunegala lessens the journey time to Colombo - now approximately three hours drive away.

Kandy itself is less than an hour’s drive.
As above, the property has performed well and is highly ranked on Booking.com and with long-standing positive reviews on other channels.

The setup is such to work very well for someone wanting to live on-site, manage the property and have a solid revenue stream from rental of other parts. As with almost all old tea estate properties, there is scope to renovate further or new owners may prefer to leave as is and continue with the model currently working well.
An additional 15 acres of planted tea is available for purchase directly neighbouring the property.