Southbeach Weligama - 1 Bed Apartments

Weligama, Matara District, Sri Lanka

P-30716

P-30716

Southbeach Weligama - 1 Bed Apartments

Weligama, Matara District, Sri Lanka

One-bedroom freehold apartments for sale in this new and exciting beachfront luxury development, uniquely located between the very shoreline of the ocean and the dense foliage of the jungle, in Weligama on the south coast of Sri Lanka.

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1 Bed  |  1 Bath
From USD 175,378

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Key Details

  • Building Size: 68 sq m (731.95 sq ft)
  • Building Size (Max): 71 sq m (764.24 sq ft)
  • No. Floors: 8
  • Units in Building: 97
  • Property Ownership: Freehold
  • Building Type: Apartment/Serviced apartment/Apartments
  • Foreign Ownership Allowed: Allowed
  • Service Charge: $1.61 to $2.69/m2/month
  • Taxes: VAT: 18% + SSCL: 2.5%
  • Stamp Duty: 4%

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Key Details

  • Building Size: 68 sq m (731.95 sq ft)
  • Building Size (Max): 71 sq m (764.24 sq ft)
  • No. Floors: 8
  • Units in Building: 97
  • Property Ownership: Freehold
  • Building Type: Apartment/Serviced apartment/Apartments
  • Foreign Ownership Allowed: Allowed
  • Service Charge: $1.61 to $2.69/m2/month
  • Taxes: VAT: 18% + SSCL: 2.5%
  • Stamp Duty: 4%
Property overview

One-bedroom freehold apartments for sale in this new and exciting beachfront luxury development, uniquely located between the very shoreline of the ocean and the dense foliage of the jungle, in Weligama on the south coast of Sri Lanka.

Distinguished by its unmatched design specifications and unwavering commitment to detail, Southbeach boasts an exclusive collection of 97 luxurious apartments, thoughtfully designed to cater to diverse lifestyles.

All one-bedroom apartments form a rectangular layout with a choice of ocean facing or sunrise/coconut plantation facing aspects.

A central corridor provides access to an entrance hall with doors leading to a spacious bedroom on one side, with glass sliding doors forming one wall to allow natural night to fill the room, and bathroom with shower on the other.

The hallway leads directly into the open plan living area, complete with a comfortable sofa and TV area, dining table and modern kitchen. Near full width sliding glass doors open onto the generously sized terrace with ample space for additional table and seating from which to enjoy the views, whether over the ocean or the coconut plantations.

High ceilings create a sense of space and ensures natural light fills the apartment.

Sizes range from 55.54 sqm internal + 11.96 sqm terrace (67.50 sqm in total), to 58.27 sqm internal + 11.19 sqm or 13.19 sqm terrace (69.46 sqm or 71.46 sqm in total).

There will be a total of 58 elegant one-bedroom units.

REQUEST INFORMATION

When complete, Southbeach Weligama will comprise three exquisite 4-bedroom penthouses (one sunrise facing penthouse remaining), 34, spacious two-bedroom units (with two option types – a linear designed ocean fronting apartment or a square shaped corner unit on the sunrise facing side of the building with ocean facing terrace), 2 sunrise duplexes and 58 elegant one-bedroom units, offering a variety of choices to suit your preferences and needs.

The development is selling well (over 60% sold out), with a range of one and two-bedroom apartments still available, and with a choice of ocean or spectacular sunrise vista options. Offers for bulk purchases by investors will also be considered.

Southbeach is a signature vision by renowned Balmond Studio. With over 50 years’ experience, Balmond’s London and Colombo design studios are renowned for their innovation, creativity and passion for sustainability. They are led by Sri Lanka born Cecil Balmond, OBE, the world’s leading thinker on form and structure.

With projects spanning the entire design spectrum, the team has distilled their expertise into Southbeach Weligama – apartments that set a new trend for modern Sri Lankan coastal living.

The apartments have been designed with large balconies and high ceilings to enjoy the beautiful sea views, with no land mass between the beach and Antarctica.

The centrepiece of this coastal oasis is a 35-meter infinity pool gracing the ground level, providing a serene retreat where you can unwind and bask in the tropical ambiance.

Life at Southbeach is an experience that goes beyond freehold ownership and extends to being part of a select community of individuals who value art, architecture, culture and a unique living experience.

The project, expected to complete by December 2024, includes a range of amenities, including a state-of-the-art gymnasium, a dedicated recording studio, a wonderful restaurant with bar and terrace area – set to become the hub of southern Sri Lankan hospitality, offering a comfortable all-day eating, drinking, relaxing and working environment.

The rooftop presents an unparalleled experience with a second infinity pool, 20-metres in length, that seems to merge with the endless horizon, allowing residents to witness world class sunrises and sunset over the Indian Ocean.

With a 75m wide beachfront access on the surfing capital of the region, the shallow waters of Weligama, a swimmable sandy bay, are a magnet for people from around the globe, offering a haven for water enthusiasts and beach lovers alike.

ENQUIRE

Dive into the local culinary scene by exploring nearby restaurants with friends or embark on relaxing catamaran sailboat adventures along the azure waters. For a truly remarkable experience, venture to the nearby Mirissa, where you can witness the majesty of blue whales, or make your way to the Yala National Park, home to elusive leopards and an array of exotic wildlife. Weligama is also perfectly located for visiting Galle Fort, a World Heritage site, located just 30km to the west.

Southbeach offers a life of luxury, natural beauty, and endless adventure in one of Sri Lanka’s most captivating coastal and tropical destinations, where modern comfort meets the ease of second home ownership.

There are regular flights to Colombo’s Bandaranaike International Airport from most major cities around the world and it then takes around 2-hours to drive to Southbeach Weligama on the highway, passing some beautiful landscapes and points of interest.

Please contact us to discuss purchase options as well as tailor-made inspection trip packages.

REQUEST INSPECTION TRIP OFFERS

Read full details
Features

  • 24hr security
  • Balcony
  • Waterfront
  • Concierge
  • Outdoor pool
  • Watersports
  • Waterview
  • Direct access to beach
  • Investment
  • Communal pool
  • Communal gym
  • Lift
  • Parking
  • Roof terrace
  • Air conditioning
  • Hard-wire alarm system
  • Sea views
  • Fitted kitchen
  • Fitted bathroom
  • Stone floors
  • Frontline to beach
  • Terraces
Regional Info

Sri Lanka

Sri Lanka simply has it all: an amazing history and culture, dramatic views, national parks teeming with leopards and elephants and palm-fringed beaches.

How To Get To Sri Lanka

There are many airlines that fly to Sri Lanka. Many Middle Eastern carriers fly to Colombo such as Emirates, Oman Air, Etihad, Qatar & Turkish and provide good connections around the globe. For the UK and Europe, Sri Lankan Airlines either fly direct from London or allow good connections from a number of European hubs. From North America, on the west coast it is best to connect through Asia while it makes most sense to connect through the Middle East or India if you are coming from the east coast. Asia provides many routings into Sri Lanka and is served by many major carriers (Singapore, Thai, Cathay and Malaysia) in the region.

When To Go To Sri Lanka

It is fairly difficult to accurately predict the weather patterns in Sri Lanka given it is an island that receives a range of weather fronts moving in from the Indian Ocean throughout the year. However, here is the general rule of thumb! There are two monsoons which affect Sri Lanka, the South-West Monsoon, or Yala Monsoon affects the south and west coasts from May to September, whilst the Maha, or North-East Monsoon affects the Cultural Triangle and East Coasts from October to January. That said, August is a little sunny sandwich for the south coast, so perfect for a beach break. For the summer, you can easily combine the Cultural Triangle with the East Coast beaches, or even the Maldives.

Weligama

Weligama is a small town on the south coast of Sri Lanka. Its name translates to ‘sandy village’, a testament to its wide golden sandy beaches. Over the years Weligama has gained popularity and slowly transformed itself from a small fishing village to a booming tourist spot and today it has secured itself as a top surfing destination.

Weligama enjoys one of Sri Lanka’s finest sandy bays. Its shallow waters are what attracts people from all over the world. Weligama is definitely the best place for you to surf on the south coast; whether you’re a beginner or a pro, you will find a beach to suit your ability.

Enjoy exploring local restaurants with friends – or relax on catamaran sail boats. See blue whales in nearby Mirrisa or leopards at Yala national park.

Buyers Guide

International investment into Sri Lanka has dramatically improved its infrastructure in recent years. Now, with the recognition of Lonely Planet’s No.1 Country To Visit, it is geared for further growth. With an 84% increase in land value in Weligama since 2016, this is a low-risk proposition with unique appeal.

Southbeach Weligama completes the picture, offering an affordable lifestyle-led apartment located in the country’s stunning south coast on one of the island’s few swimmable beaches.

FAQs:

Who are the developers?

Southbeach Weligama Properties (Private) Ltd PV-00225276

Who are the project team?

Architects: Balmond Studio

Contractors: Buildmart Pvt Ltd

Engineers: Civil & Structural Engineering Consultants Pvt Ltd

What are the construction timelines?

The construction commenced in March 2022. The handover is planned for the 4th quarter 2024.

What are the amenities in the project?

A 35 meter pool on the ground level, gymnasium, recording studio, art gallery, rooftop infinity pool, rooftop Bar & BBQ terrace.

Who manages the property?

Management company options are being looked at and will be appointed.

Can foreigners purchase apartments?

Foreigners can purchase apartments and require an Inward Investment Account (IIA) to be opened in any bank in Sri Lanka in order to bring-in funds. This is vital as all investment brought into Sri Lanka can be taken out via the same channel including capital gains in the event of a sale.

Are furniture packages available?

Bespoke furniture solutions are available and can be ordered from Q3 2023.

What are the applicable Taxes:

1. Value Added Tax (VAT): 18%

2. Social Security Contribution Levy (SSCL): 2.5%

3. Stamp Duty: 4%

4. Legal Fees: <1%

What process do I have to follow to purchase my apartment?

1. Identify the apartment of choice.

2. Sign the Construction Linked Payment Plan.

3. Make a token deposit of 5% to reserve the apartment.

4. Sign the Sales & Purchase Agreement which is a legally binding document between the developer and the purchaser within a period of 2 weeks.

5. Create an IIA account if transferring money from overseas.

6. Make the balance payments as per the signed construction linked payment plan.

7. Property deeds will be handed over to you once the development is completed.

Note current payment terms: 40% down payment, then 15% every 3 months. This will vary slightly as the project nears completion.

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