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Rare Investment Opportunity Boutique Property in Kollupitiya for Rs. 245 million (Negotiable)

Marine Drive, Colombo 3
5398 sq.ft.
Rs. 245,000,000  ($ 753,900)

Overview

Property Type
Building
Bathrooms/WCs
8
Floor area
5398 sq.ft.
Availability
Available Now
Price per sq.ft.
Rs. 45,387
Car parking spaces
5
Age of Building
9+ years

Property Details

Located on the prestigious Marine Drive in Kollupitiya, this elegant boutique apartment complex spans five levels, including a ground floor, three floors each with a spacious three-bedroom apartment, and a rooftop with stunning views. This property is ideally positioned for conversion into high-yield short-term rentals or a distinctive boutique office space.

Apartments Description
First Floor:3 Bedrooms, 2 Bathrooms
Second Floor:3 Bedrooms, 2 Bathrooms
Third Floor:3 Bedrooms, 3 Bathrooms
Each apartment is designed for comfort and style, featuring fully air-conditioned rooms, modern kitchens, and ample living space. The third floor includes an extra bathroom for added convenience.

Marine Drive, Kollupitiya: Located in a prestigious area known for its scenic beauty and central location, ideal for short-term rentals or business operations.
Proximity to Amenities: Close to hotels, shopping centers, restaurants, and public transport, attractive to tourists and professionals.
Flexible Use: Suitable for short-term rentals or conversion to boutique office space, offering high occupancy and multiple revenue streams.
Rapidly Developing Area: Situated in one of Colombo's fastest-growing neighborhoods, ensuring future appreciation and demand.

Investment Potential
Short-Term Rental Opportunity: This prime location on Marine Drive is perfect for short-term rental investors. Its proximity to major attractions and business hubs guarantees high occupancy and premium rental returns.

Boutique Office Conversion: The well-designed apartments are ideal for conversion into stylish boutique office spaces, meeting the demand for unique workspaces in Kollupitiya, attracting high-profile tenants and businesses.

Government Approvals and Certificates: All necessary approvals and certificates are in place, including clear deeds, ensuring a hassle-free ownership transfer and operation.

Property Features

INTERNET
3 PHASE ELECTRICITY
CENTRAL AC
BACKUP GENERATOR
FIBER INTERNET
ON-SITE PARKING
LIFTS

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Property Rates in Colombo 3

13%
This property is 13% less than the market average price Per SQ.FT.
Average Sale Price is Rs. 52,442 Per SQ.FT.
16.0% Price decreased compared to last year

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This advertiser has been advertising with us for 4 years

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Important information : This ad has been posted on LankaPropertyWeb.com by the above mentioned advertiser. LankaPropertyWeb.com does not have any connection with this advertiser, nor do we vet the advertisers, guarantee their services, responsible for the accuracy of the ad's content or are responsible for services provided by the advertisers. LankaPropertyWeb.com does not provide any service other than list the advertisements posted by advertisers. You will be contacting the advertiser (owner/agent) of this property directly. We advise you to take precaution when making any payments or signing any agreements and be alert of any possible scams. If making any payments we recommend that you have two permanent & verified methods of contact of the payment receiver such as their landline number and home/business address.

Posted/Edited: 152 days ago REPORT THIS AD

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ashok dias Owner


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