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38,000 sqft Stand-Alone Commercial Building with Good Rental Income for SALE – Off Elvitigala Mw (Baseline Road), Col.5

Colombo 5

38000 sq.ft.

35 perches

Rs. 1,500,000,000 ($ 4,763,240)

15%

Overview

Property Type

Building

Floor area

38000 sq.ft.

Area of land

35 perches

Availability

Available Now

Price per sq.ft.

Rs. 39,474

Car parking spaces

Property Details

Prime income-generating commercial asset located just off Elvitigala Mawatha (Baseline Road), Colombo 5. Ideal for investors seeking stable returns and long-term value appreciation.

▪️ Land Extent: 35 Perches
▪️ Total Floor Area: 38,000 SQFT
▪️ Configuration: Basement + Ground + 6 Floors
▪️ Fully Air-Conditioned
▪️ Lift Facility
▪️ Full Backup Generator
▪️ Dedicated Male & Female Washrooms on Every Floor

Parking:
▪️ 7 Vehicle Slots (Ground Floor)
▪️ 7 Vehicle Slots (Basement – currently used as store / canteen)
▪️ Additional 40 Vehicle Slots on Adjoining Premises

Investment Highlights:
▪️ 100% Occupancy (3 Tenants)
▪️ Rental Tenure: 3 Years – Extendable
▪️ Rental component can be received in USD or LKR (subject to eligible FCY arrangements)
▪️ Approx. Rental Yield: 13.6%
▪️ Approx. Investment Recovery: 7 Years (excluding capital appreciation)

Ideal for:
▪️ Investment portfolio
▪️ Institutional investors
▪️ Income-generating commercial asset acquisition

Expected Sale Price: LKR 1.5 Billion

Colombo Ventures
Property ID: TRLM – BS-136

Property Features

3 PHASE ELECTRICITY

CENTRAL AC

BACKUP GENERATOR

FIRE DETECTION

ON-SITE PARKING

LIFTS

GRADE A FACILITIES

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More Details

Property prices in Colombo 5

15%

This property is 15% less than the market average price Per SQ.FT.
Average Sale Price is Rs. 46,793 Per SQ.FT.

4.5% Price increased compared to last year

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Contact Advertiser

Silver Agent

Colombo Ventures Agent

94-7732... Click to view Number 94-7732... Click to view Number

This advertiser has been advertising with us for 5 years

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Posted/Edited: 3 days ago REPORT THIS AD