Hemingford Estate
Parakaduwa, Sri Lanka
The Hemingford Estate has 32 acres and is located in the cool climate
of Sabaragamuwa Province (Ratnapura District) of Sri Lanka with multiple plantations, factory building, multiple housing,
bungalows and an operational Mini-hydro power generation plant for sale. BOI & CEB approved. There is well distributed
rainfall for almost any crop. There is valuable timber (harvest due in 5-6 years), fruit crops, fish ponds and a perinnial
stream. This is tradional gem land with clean water and cool temperatures. There is a main bungalow, a 12,600 square foot
factury building, staff quarters, electricity, telephone, a hydro electric project and ample available skilled Labor. It is
a 1 1/2 hour drive to Colombo. The newly renovated bungalow is solid concrete
construction, spacious, consisting of two bedrooms with attached toilets, living room, 2 verandhas, pantry, store room and
large kitchen. The kitchen overlooks a clear stream with a small 4' tall dam that transforms into an instant swimming pool
(when closed off) and BBQ patio. There are crops such as tea, coconut, papaya, and approximately 250 trees of Malaysian hybrid
and 16 ornamental fish growing ponds with additional mud ponds for breeding that are operational. There is absolutely no restriction of ownership. As this is a BOI registered company, one can benefit from a 10 year
tax exemption and (extendable for a further 5 years) and no double taxation. Repatriation of money etc. is not a problem under
this program. The estate is Freehold, Fee Simple with a Net Operating Income of $6,000 per month and $72,000 annually. $1.5Million (USD)
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