claughton house

CLAUGHTON HOUSE

CONTENTS

INTRODUCTION 02

KEY INVESTMENT HIGHLIGHTS 04Renowned Geoffrey Bawa Property

Semi-Private Beach & Impressive Headland

Exclusive Beachfront Location

Unique Design

Spectacular Infinity Pool

Redevelopment Potential

LOCATION 08

REDEVELOPMENT OPPORTUNITY 10

OWNERSHIP STRUCTURE 12

VISITOR ACTIVITIES 14

MARKET COMMENTARY 16

SALES PROCESS 18

COLLIERS INTERNATIONAL PRIVATE & CONFIDENTIAL

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INTRODUCTIONFor the first time since its construction in 1985, Claughton House is being offered for sale. One of the most stunning waterfront sites in Southeast Asia, this iconic villa property is situated in the Tangalle area in the beautiful south Sri Lanka. Currently owned and managed as a luxury villa, the site is also well suited for a commercial development site such as a boutique hotel or villa project.

The property is a renowned Geoffrey Bawa development and is widely recognised throughout Sri Lanka. It has also featured in many publications such as At Home in Sri Lanka and Architectural Digest. The unique modern-come-colonial décor and open plan design make this villa a truly beautiful and iconic space, perfect for families and couples alike. Perched on a hilltop, 25 metres above sea level and featuring spectacular views across Kudawella Bay, the villa benefits from a semi-private beach & spectacular headland.

The exclusive beachfront location on the picturesque southern coast of Sri Lanka is a highly desirable boutique hotel area. Nearby to the town of Dikwella, this stunning villa is the perfect combination of serenity and privacy whilst benefitting from easy access to all necessary amenities and tourist activities.

The freehold site also has attractive redevelopment potential as either a boutique hotel or villa project. It also has an advantageous ownership structure, very accommodating to foreign purchasers. This truly is an opportunity not to be missed. Interested parties are invited to submit their offer in writing. The vendor will enter into exclusive due diligence with the preferred party/parties.


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RENOWNED GEOFFREY BAWA PROPERTY

Designed by Geoffrey Bawa, the founder of the Tropical Modernism School of architecture, Claughton House is renowned for its impressive architecture, breathtakinig waterfront site, and overall charm and tranquility. Featured in Architectural Digest (May/June 2017), the property is also widely published in many art and architecture books such as At Home in Sri Lanka (Fennel and Sykes, Thames & Hudson) and Geoffrey Bawa: The Complete Works (David Robson, Thames & Hudson).

SEMI-PRIVATE BEACH & IMPRESSIVE HEADLAND

Sitting on an astounding and secluded 7.3 acre site (2.96 hectares) with 1,200 feet of guarded Kudawella Bay waterfront, the house is elevated at 25 metres above sea level and well protected on a headland featuring mature coconut palms and impressive Indian ocean view. Providing extensive frontage on the beautiful Kudawella Beach, the lower acreage also offers safe swimming for families as well as an intermediate surf break.

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KEY INVESTMENT HIGHLIGHTS

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SPECTACULAR INFINITY POOL

The Villa features a spectacular infinity pool, providing breathtaking views over the Indian Ocean. The House also features a pool cabana, BBQ area, dining pavilion and yoga shala.

REDEVELOPMENT POTENTIAL

The site is currently home to a luxury villa, but is also perfectly suited for commercial development as a boutique hotel or villa project. The elevation of the site is outstanding, with the main house 25 metres above sea level, providing excellent views whilst retaining an element of privacy. The lower acreage could also provide opportunity for a beach club or beachfront villas.

EXCLUSIVE BEACHFRONT LOCATION

Hailed as one of the best swimming beaches in Sri Lanka, Claughton House is located directly on the serene and picturesque Kudawella Bay. The beach is perfect for families and couples alike, with no other significant developments in the area, the beachfront is typically peaceful and undisturbed.

UNIQUE DESIGN

The villa boasts an impressive modern-come-colonial décor and open plan design, providing natural ventilation and a perfect space for entertaining. The large living space provides views across the garden to Kudawella Bay and the stunning Indian Ocean, with the art deco pool seemingly suspended between the villa and the sea.

Split between the main house and another structure, the five tastefully designed en-suite bedrooms allow for privacy and provide a great space for a memorable family holiday. The succession of exquisitely polished entertainment and outdoor spaces make the overall environment enjoyable.

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LOCATION

COLOMBO

DIKWELLA

I N D IAN O C E A N

L AC CAD IV ES E A

TANGALLE

GALLE FORT

CLAUGHTON HOUSE

The property is located on the picturesque southern coast of Sri Lanka, perched upon a hilltop in the beautiful town of Tangalle. Situated only a few miles from the town of Dikwella, the villa is peaceful and secluded yet benefits from easy access to all necessary amenities nearby. The UNESCO protected Galle Fort can be reached in just 1.5 hours by car. The property benefits from well-paved road access as well as a newly fitted, well-constructed perimeter wall, ensuring that the property is safe and secure.

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REDEVELOPMENT OPPORTUNITYClaughton House is a beachfront property of approximately 7 acres of land situated within the Dickwella Pradeshiya Sabha precinct. The property has been approved by Dickwella Pradeshiya Sabha (Local Authority) for commercial use.

The property can be used for a hotel or villa development project as it is not restricted in terms of permissible uses. However, there are certain restrictions in relation to the development of the property. Subdivision of the property is permitted, provided suitable access is provided for each unit. All development is subject to approval by the UDA.

Furthermore, a provision will have to be made for coast conservation within the area of 35 metres from the permanent vegetation line.

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The freehold development is owned in a corporate structure, providing a strong and clear title, ease of transfer, and tax efficiency. Managed by Eden Villas (www.edenvillas.com), the property also has a well-built and functional rental record.

Claughton House is held by Qin Lanka One (Pvt) Ltd, which acquired the property prior to the 1st January 2013 foreign ownership land restrictions in Sri Lanka and enjoys a freehold title. Therefore, the entire shares of Qin Lanka One (Pvt) Ltd can be purchased by a foreigner without any restriction/limitation. Stamp duty at the rate of 4% is payable on the acquisition of property in Sri Lanka. However, at present, stamp duty is not applicable on transfer of shares.

Queries on foreign ownership restrictions, land acquisitions and sales, mortgage and lease agreements can be counselled by D. L. & F. De Saram, a leading law firm in Sri Lanka.

OWNERSHIP STRUCTURE


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Surfing: There are many surf breaks along the South Coast, the nearest of which is about 10 minutes’ drive away in Hiriketiya.

Scuba Diving & Snorkelling: With PADI qualified dive schools nearby in Dikwella, the coast offers some captivating bays and reefs to explore

Whale Watching: The whale watching season between October to April is a great opportunity to see the sea life such as a blue and sperm whale, orcas, dolphins and sea turtles.

Ancient Temples and Historical Sites: The miniature of the upcountry Dambulla, Mulkiligara Temple is an easy day trip, with 7 cave temples and going up to 676 feet with a breathtaking view over the canopy at the top.

Wildlife: Many splendid wildlife parks are within easy distance of Claughton House. With an abundance of wildlife, Yala, the top of most people’s to do list when visiting Sri Lanka is a wonderful experience with its main highlights being leopards, elephants, sloth bears and buffaloes. Having its main focus on elephants, Udawalawe National Park creates a surreal but fascinating landscape with the old trees of the forest, with the safari ending at the large reservoir. Bundala National Park is the best spot for birding, with 197 species and a large flock of Greater Flamingo’s.

Shopping: With a spread of fashion, merchandise, hotels and restaurants, a day trip to the UNESCO world heritage site and shopping haven of Galle Fort would be a worthwhile and exciting experience.

VISITOR ACTIVITIES

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COLOMBO

Negombo

DIKWELLA

GALLE

I N D IA N O C E A N

HAMBANTOTA

CLAUGHTON HOUSE

TANGALLE

ITC COLOMBO ONEHOTEL & RESIDENCES


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The focus of significant FDI from China, India and the Gulf, the country has two Shangri La hotels, along with many significant hotel development projects underway in Colombo such as the ITC Colombo One Hotel & Residences, in addition to the John Keells Lakefront Hotel project which will be in excess of 4.5mil square feet.

The southwest region of Sri Lanka, where Claughton House sits, is experiencing strong investment from global hotel brands and developers. Joining the two existing Aman resorts, the Amangalla (Galle) and the Amanwella (Tangalle) near the House, these 5-star names include the RIU Ahungulla ( JV between local chain Aitken Spence and Spain’s RIU), the Shangri La (Hambantota), Marriott (Welligama), and a second Anantara Resort (Kalutara).

MARKET COMMENTARY

SALES PROCESSColliers International is appointed by the Owner to manage the sale and invite for Offers for the abovementioned property (the “Property”) in Sri Lanka.

Prospective purchasers are requested to submit their Offer in writing addressed to Colliers International. An assessment will then be conducted by the vendor leading to the selection of a preferred party/parties to enter further negotiation and exclusive due diligence.

The vendor is not obliged to accept the highest price (or any offer) and reserves the right to withdraw, sell or reject any or all offers that may be received.

Inspections of the Property are by appointment only. For detailed information or to arrange an inspection of the Property, please contact Colliers International.

The vendor reserves the right to vary the process at its discretion.


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OFFER PRICEThe offer price must be stated in US Dollars. Any conditions or qualifications which the prospective purchaser would attach to such offer price and any major assumption underlying the offer price must be stated. Offers must state a headline purchase price for the total underlying value of the Property.

COMPLETION DATEThe date on which the prospective purchaser will complete the acquisition.

PROSPECTIVE PURCHASER’S DETAILThe precise identity and nature of the legal entity which will purchase the 100% interest, together with details of the place of incorporation and the ultimate ownership structure of such legal entity.

CAPACITY TO COMPLETEFull details of the purchaser’s capacity to complete the acquisition by the proposed completion date, including in particular, the source and structure of funds, evidence of the prospective purchaser’s financial status and details of any ultimate parent company. If the prospective purchaser wishes to use a special purpose entity to complete the prospective purchaser, the purchaser should include details of any security for performance of the purchasing entity’s obligations.

CONDITIONS AND APPROVALSFull details of any conditions that will need to be satisfied prior to the prospective purchaser completing the acquisition. In particular, details of such conditions and timing for satisfaction of such conditions should be specified (E.g.):

• Prospective purchaser’s board or parent board’s approval

• Foreign investment Review Board approvals• Other third party approvals• Full details of any other conditions that are

sought must also be disclosed at this time.

Offers must be signed by an authorised officer of a the acquiring entity.

CONFIDENTIALITYThe prospective purchaser who submits an Offer undertakes to keep confidential and shall not disclose to any person the existence of its Offer or any information relating to the terms of the sale and purchase contemplating in such Offer.

NO OBLIGATIONS TO ACCEPT OFFERThe Vendor reserves the right not to accept an Offer, without limitation, and is not obliged to accept the Offer with the highest consideration.

The Vendor may, in its absolute discretion, negotiate with one or more prospective purchaser who submits an Offer or with any other person with respect to the sale of the Property, invite any prospective purchaser to re-submit an Offer without prior notice with any other prospective purchasers and at any time prior to the execution of binding contracts, may withdraw the Property from the market.

No person is entitled to any claim or redress against the Vendor if the Vendor exercises that discretion. The Vendor is not responsible for any costs or expenses by any prospective purchasers in preparing, negotiating and lodging an Offer.


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CONFIDENTIALITY & DISCLAIMER

This Information Memorandum is provided by Colliers International to prospects who may have an interest in the Properties and have signed an NDA. By receiving this information, the prospects have agreed the information contained within this Information Memorandum is confidential.

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to warranties or content, accuracy and reliability. Any interested party should undertake their own investigations and analyses as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from.

JEROME WRIGHT | DIRECTOR

Capital Markets & Investment ServicesColliers International

+65 9634 [email protected]

CEA Registration No: R021907C

JOHN BIN | MANAGER

Capital Markets & Investment ServicesColliers International

+65 9040 [email protected]

CEA Registration No: R058201A

For any further information, or if you wish to arrange an inspection, please contact:

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s).

CEA Licence No: L3004691J

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