HIGH RETURN INVESTMENT OPPORTUNITY
A rare opportunity to acquire a fully developed Apartment complex located in the highly sought-after Malabe business hub. This income-generating property consists of 2 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
Water Supply: Separate water tanks & individual water meters
Electricity: Separate electricity meters for all apartments
Access Road: Approx. 800 m to Main Road
RENTAL INCOME SUMMARY
Current Monthly Rental Income – LKR 421,000
Potential Future Monthly Rental Income – LKR 510,000
BUILDING 01 DETAILS
Building No 2
Number of Floors – 2
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 1 DETAILS
Number of Floors – 4
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 1
Building Development Approval on 2006/08/24
Certificate of Conformity (COC) 2007/05/29
Building 02
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)
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 future appreciation value
~ Strong future rental growth
~ Ideal long-term investment
