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Polhena Reef Garden Hotel

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It is owned by a Company - Polhena Reef Garden Hotels Pvt Ltd. The Hotel has zero debt at present. 100% of the shares are available for sale.  We expect Rs. 200 Mln for 100% of the shares.

Access from Galle road via Polhena Road from Polhena junction. Width up to the T junction near Dudley Senanayake statue is about 40 feet. There after a 30 ft road all the way up to the Hotel.

Polhena Reef Garden Hotel Gallery

 
 

Land Area : 331.97 perches (two sections bisected by a public road)   
Width of the Beach front is approximately 120 feet.   
Access : Access from Galle road via Polhena Road from Polhena junction. Width up to the T junction near Dudley Senanayake statue is about 40 feet. There after a 30 ft road all the way up to the Hotel.   
Rooms section floor area : 4696 Sq feet per floor. Two floors.   
Rooms 16 Standard size rooms each 290 Sq feet   
Rooms 2 Family size rooms each 400 Sq feet   
Total 9392 Sq feet   
Service buildings:   
Lobby: 748 Sq feet   
Restaurant: 660 Sq feet 
Kitchen : 1431 Sq feet   
Lotus Hall (180 Pax seating capacity) : 2830 Sq feet 
Sunflower Hall (Board room) : 673 Sq feet   
Laundry room  455 Sq feet 
Generator room 198 Sq feet   
Total - 6,995 Sq feet 
Beach side Building :   
Wadiya  : 1634 Sq feet   

Total building area  18,021 Sq feet   
Swimming Pool   8 meter x 20 meter.

Gives more details including an aerial shot of the hotel.   

 

  1.         The major infrastructure emphasis at Hambantota and the potential to be a major business hub in the future coupled with  the extension of the highway from Colombo all the way to Hambantota makes Matara an important location with a lot of future potential. 



2.        Substantial land for expansion - about 332 Perches which is just a few minutes to the center of Matara town.   

3.        If the shares are purchased  there will be a saving  to the buyer on stamp duty @ 4% as against purchasing property by deed because the stamp fees for shares is now "zero"  compared to the 4% on property. The  buyer will save over Rs. 8 Mln on stamp duty and Lawyers fees.   

4.        The hotel has zero liabilities and we will clear the staff if they are not required by the new buyer. 

5.        There is a tax loss of about Rs.10 Mln which the new buyer could claim against future income. 

6.        Attached Plan gives the layout of the land.  What is available for sale is Lot 1 comprising 1 Acre, 3 Roods & 35.04 Perches together with Lot 2A comprising 16.93 Perches - Total 331.97 perches.

 

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Additional Info

  • Price: Rs.20,000,000.00
  • Country: Sri Lanka
  • Reception Rooms: More than 6
  • Bedrooms: More than 6
  • Bathrooms: More than 6
  • Type: Bungalow
  • Gardens: Front & Rear
  • Parking: Double Garage
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2 comments

  • Comment Link Johnny Monday, 14 January 2013 10:09 posted by Johnny

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  • Comment Link Super User Monday, 14 January 2013 09:41 posted by Super User

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