Premier Off Plan Property

Description

Set in some of the most stunning countryside imaginable, the Thona Bay development is set on Sri Lanka’s east coast, a few miles north of the town of Batticaloa. The development will include an exceptional range of properties, ranging from one-bed apartments to five-bed villas, all located within an exclusive private beachfront gated community.

The site is perfectly situated on the Somawaithie Chaitiya Sanctury and is named after the Thona River which passes through it. Fronting over 2 kilometres of white sandy beaches and with magnificent views across the bay out into the Indian Ocean, the untouched location is one of the most beautiful in the region. Thona Bay offers easy access to the best that Sri Lanka has to offer. As well as the spectacular beachfront and local facilities, the development is within easy reach of many national parks, the famous ancient cities of Pollonurawa and Dambulla and the beautiful hill countryside of Nuwara Eliya.

Every detail of our homes has been designed by award-winning Architects and our experienced professionals will be managing all aspects of the development throughout the construction period, right up to the point where we hand over the keys to the proud new owners.

Whether you are buying purely for investment, as a holiday home or both, Thona Bay will provide you with outstanding financial returns, as well as a lifestyle and property with the highest luxury specification and in the most idyllic location.

Sri Lanka

Sri Lanka is one of the most colourful, historic and exciting countries on earth enjoying a warm Tropical climate with year round sun and an average temperature of 26.7°
With its cultural diversity and breath-taking landscape it is an ideal place to visit and live.
The United States’ Economic Intelligence Unit placed Sri Lanka in eighth place on its list of the fastest growing economies. The country now has the international status of a ‘Middle Income Emerging Market’.
The Eastern Province has been an administrative entity since 1833. It is one of Sri Lanka’s nine provinces and the focus for much of the investment pouring into the country’s tourist industry. An ambitious three-year plan is in place to develop its economic potential and to preserve the region’s heritage. The Province represents approximately 15% of the land area of Sri Lanka measuring some 10,000 square kilometers (3,900 square miles), making it the country’s 2nd largest province. It is divided into three areas: Trincomalee to the north, Batticaloa in the centre and Ampara to the south.
The sea is clear and clean with the warm southwesterly winds providing ideal conditions for the whole range of water sports. The coast is dominated by beautiful lagoons with the largest situated at Batticaloa, Kokkilai, Upaar and Ullackalie.
The province has received more than US$1Billion in foreign investment in the last three years for the construction of new roads, bridges, power plants, fisheries and ports. Along with deep-sea fishing, agriculture and agroforestry.
The government is actively encouraging the province’s tourist and leisure industries.

Key facts

• 50% Below Current Market Prices
• Return on capital projected to exceed 20% per annum
• No Capital Gains Tax
• Net rental returns from 17% per annum
• No Tax on rental income for a minimum of 15 years
• Fixed legal fees of LKR 50,000 (£280)
• Sri Lanka is amongst the 10 fastest growing economies in the world
• Sri Lanka was rated number one destination to visit in 2010 by New York Times
• Booming demand for tourism from Europe, China, India, Middle and Far East
• Tourism has become Sri Lanka’s 4th largest foreign currency earner
• Sri Lanka’s stock market is buoyant with market capitalization having increased by 100%

Facilities

• European Luxury 5 Star Quality
• Gated community with 24/7 security
• Airport Transfers
• Direct access to an untouched 2 kilometre (1.24 miles) stretch of beach
• Coral reef only 800m off the beach
• Choice of Boutique Restaurants and Shops
• Beach Football, Volleyball and Handball
• Surfing, Sailing, Waterskiing and Canoeing
• Swimming, Diving, Snorkelling and Fishing

Prices from

• £75,000

Payment schedule

• £2,500 reservation fee
• 20% within 30 days from reservation
• 20% within 120 days from reservation
• 20% upon completion of foundations
• 20% upon completion of roof
• 20% upon completion of property and legal transfer