12.5 ACRES FOR LONG-TERM LEASE – KANDE NUWARA ROAD, MATALE
A rare opportunity to lease 12.5 acres of scenic land located on Kande Nuwara Road, just 13.5 km from Matale Town.
The property enjoys access via two separate roads and is surrounded by natural forest, offering privacy, tranquility, and breathtaking views of the surrounding mountain ranges, including Hunasgiriya, Sembuwatta, and Hunugala.
Property Features
• 12.5 acres of land
• Existing mini cinnamon cultivation
• Foundation of a recently constructed cattle shed with a substantial reinforced concrete base
• Three existing buildings
• Water tanks and storage facilities
• Walking distance to Hapuwida Oya, featuring natural pools and small waterfalls (accessible through the adjoining tea estate)
• Spectacular panoramic mountain views
• Secluded natural setting surrounded by forest
Boundary Details
• South – 30-acre tea estate owned by the lessor
• North – 50-acre tea estate
• East – Land owned by a third party
Development Potential
The existing structures, buildings, storage facilities, and concrete foundations can be renovated and converted into eco-tourism facilities, chalets, glamping units, wellness retreats, holiday accommodation, or a boutique hotel complex. The property’s natural surroundings, mountain views, proximity to water features, and peaceful environment make it ideally suited for tourism and hospitality ventures.
Lease Terms
• Monthly rental: LKR 250,000 – 300,000 (negotiable)
• Rental fixed for the first five years
• Thereafter, annual escalation:
• 10% per annum for leases up to 10 years
• 15% per annum for leases exceeding 10 years
• One year’s rental in advance (based on the agreed monthly rental for the first five years)
• Advance rental will be set off against rentals payable during the final two years of the lease in equal instalments
Additional Information
The lessor reserves the right to utilize any unoccupied or undeveloped areas of the property for tea cultivation, provided such activities do not interfere with the lessee’s use and enjoyment of the leased premises.
Serious inquiries only.
For further details and site inspections, please contact:
