Prime Residential Apartment Complex for Sale at Thalahene, Malabe.

HIGH RETURN INVESTMENT OPPORTUNITY

A rare opportunity to acquire a fully developed apartment complex located in the highly sought-after Malabe / Battaramulla residential zone. This income-generating property consists of 02 apartment buildings with 10 residential units, offering immediate rental returns and excellent long-term capital appreciation.

Perfect for:

~ Property Investors
~ Apartment Rental Business
~ Staff Accommodation
~ Family Residential Investment
~ Long-Term Rental Income Generation

PROPERTY OVERVIEW

Description     Details

Location            Malabe / Battaramulla Area

Total Land Extent         17.75 Perches

Number of Buildings 02

Total Apartments         10 Units

Water Supply  Separate water tanks & individual water meters

Electricity          Separate electricity meters for all apartments

Access Road  Approx. 800m to Main Road

RENTAL INCOME SUMMARY

Current Monthly Rental Income

LKR 421,000

Potential Future Monthly Rental Income

LKR 510,000

~ Strong rental demand area

~ Immediate income generation

~ Excellent future appreciation potential

BUILDING 01 DETAILS

Description     Details

Number of Floors        02

Ground Floor Area      1,932 Sq.ft

First Floor Area             2,208 Sq.ft

Total Apartments         04 Units

Apartment 128/20/A

~ 02 Bedrooms
~ 01 Servant Room
~ 02 Washrooms
~ Pantry

Living Area

Size: 966 – 1,000 Sq.ft

Apartment 128/20/B

~ 02 Bedrooms
~ 01 Washroom
~ Pantry
~ Living Area
~ Garage
~ Size: 932 Sq.ft

Apartment 128/20/C

~ 02 Bedrooms
~ 01 Servant Room
~ 02 Washrooms
~ Pantry
~ Living Area
~ Front & Back Balconies
~ Size: 1,104 Sq.ft

Apartment 128/20/D

~ 02 Bedrooms
~01 Servant Room
~ 02 Washrooms
~ Pantry
~ Living Area
~ Front & Back Balconies
~ Size: 1,104 Sq.ft

BUILDING 02 DETAILS

Floor    Area

Ground Floor  1,427 Sq.ft

First Floor         1,754 Sq.ft

Second Floor  1,774 Sq.ft

Third Floor        1,774 Sq.ft

Apartment 128/20

~ 03 Bedrooms
~ 01 Servant Rooms
~ 02 Washrooms
~ Pantry
~ Living Area
~ Dining Area
~ Garage
~ Size: 1,427 Sq.ft

Apartment 128/20/E

~ 02 Bedrooms
~ 01 Washroom
~ Pantry
~ Living Area
~ Front & Back Balconies
~ Size: 852 Sq.ft

Apartment 128/20/F

~ 03 Bedrooms
~ 01 Washroom
~ Pantry
~ Living Area
~ Front & Back Balconies
~ Size: 902 Sq.ft

Apartment 128/20/G

~ 03 Bedrooms
~ 01 Washroom
~ Pantry
~ Living Area
~ Front & Back Balconies
~ Size: 887 Sq.ft

Apartment 128/20/H

~ 03 Bedrooms
~ 01 Washroom
~ Pantry
~ Living Area
~ Front & Back Balconies
~  Size: 887 Sq.ft

Apartment 128/20/I

~ 04 Bedrooms
~ 02 Washrooms
~ Pantry
~ Living Area
~ Roof Top Area
~ Size: 1,774 Sq.ft

CURRENT RENTAL DETAILS

Building 01

Apartment       Present Rent (LKR)     Expected Next Renewal Rent (LKR)

128/20/A           45,000 50,000

128/20/B          35,000 40,000

128/20/C          42,000 50,000

128/20/D          44,000 50,000

TOTAL  166,000            190,000

Building 02

Apartment       Present Rent (LKR)     Expected Future Rent (LKR)

128/20               60,000 75,000

128/20/E           34,000 42,000

128/20/F           38,000 46,000

128/20/G          38,000 46,000

128/20/H          35,000 46,000

128/20/I            50,000 65,000

TOTAL  255,000      320,000

PRIME LOCATION ADVANTAGES

~ Close to Horizon College International & University
~ Near Neville Fernando Hospital
~ Easy access to SLIIT Campus
~ Close to Saegis Campus
~ Near Passport Office
~ Near ID Office
~ Easy access to Sethsiripaya
~ Close to Isurupaya
~ Approximately 800m to Main Road
~ Battaramulla – Approx. 15 Minutes
~ Malabe Town – Approx. 10 Minutes

BUILDING APPROVALS & CERTIFICATIONS

Building 01

Approval           Date

Building Development Approval        2006/08/24

Certificate of Conformity (COC)        2007/05/29

Building 02

Approval           Date

Building Development Approval        2011/03/18

Certificate of Conformity (COC)        2012/12/08

PROPERTY VALUATION

Description     Value (LKR)

Land Value (17.75 Perches) 39,500,000

Building Value (10 Units)        XXXXXXXX

TOTAL PROPERTY VALUE       XXXXXXXXX

Asking Price: LKR XXXX Million (Negotiable)

CONTACT DETAILS

Mrs. Herath

071 990 0776

INVEST TODAY – EARN IMMEDIATE RENTAL INCOME

This is a unique opportunity to own a fully operational apartment complex in one of the fastest-growing residential and educational hubs in the Colombo suburbs.

~ Immediate monthly income
~ High occupancy potential
~ Excellent appreciation value
~ Strong future rental growth
~ Ideal long-term investment