Urban Development

Oakley Cottage Land at Nuwara Eliya

Nuwara Eliya

LOCATION

13 Acres

Land Extent

USD 50 Mn

Minimum Investment

Project Overview

Oakley Cottage is a property that is identified as a key development project, under the Nuwara Eliya Development Plan. Situated within city limits of the Nuwara Eliya town, location is conveniently accessible even by foot and to all convenient necessities. 

Estimated investment value is USD 50 Mn.

Project is expected to commence in 2021

  • Main access is from Broomfield Mawatha in Nuwara Eliya, with close proximity to panoramic views, cultural landmarks, financial centers, and major transportation facilities.  
  • Availability of water, electricity, sewer and wastewater lines, etc.

Project/ownership structure

99 Year Lease Basis/  JV/ PPP

Project incentives:

Government Tax Concessions
Speedy approval process with the assistance of the UDA
Readily available basic infrastructure to the site
Government assured land tenure security

Strategic location

Situated at the core of the CBD the property has extensive development opportunities to cater to high tourist demand-based activities around the Beira Lake and in close proximity to Port City, in addition to the Port.

(Presently occupied by Peoples Bank Training Centre)