PRIME DEVELOPMENT PROPERTY FOR SALE – KALUBOWILA
A Rare Opportunity in One of Colombo's Most Sought-After Locations
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Location: Peiris Avenue, Kalubowila
Extent: 22 Perches — Square, Level Land
Asking Price: Rs. 5,500,000 per perch (negotiable)
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WHY THIS PROPERTY STANDS OUT
Positioned in the heart of Kalubowila, this is a rare opportunity to secure a substantial block of prime square land in one of Colombo's most established and peaceful residential neighbourhoods. Whether you are a developer, investor, or end-user, this property offers exceptional potential.
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BONUS — LARGE RESIDENCE ON THE PROPERTY
The land currently features a spacious 8-bedroom, two-storey house complete with:
• 6 bathrooms and toilets
• 3 separate kitchens
• Ideal for use as a staff hostel, boarding house, or staff quarters
Please note: The value of the existing house is NOT included in the land price, age of the building. Despite this, the owner is currently generating a generous rental income from the premises, making this an income-producing asset from day one.
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KEY HIGHLIGHTS
• Only 250 metres to Kalubowila Junction and Kalubowila Hospital
• 5-minute walk to all amenities, transport, and services
• Highly residential, quiet, and well-established neighbourhood
• Suitable for residential development, apartments, or commercial use
• Existing house ideal for large droup accommodation.
• Strong rental income currently being generated from the property
• Square, even land, easy to develop with minimal preparation
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IDEAL FOR
Apartment or condominium developers
Commercial or mixed-use development
Residential builders
Investors seeking land with immediate rental returns
Healthcare, hospitality, or institutional buyers (proximity to hospital)
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📞 CONTACT US TODAY
This property will not last long at this price. Call now to arrange a viewing.

Direct inquiries from genuine buyers only. No brokers or agents. Property viewings are strictly by appointment. Please call to arrange.