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4 Storey Commercial / Residential Building for Sale in Kandy – Near Vidyartha College

87/B/1 Katugastota Rd, Kandy 20000, Sri Lanka
877.5 sq.ft.
3.2 perches
Rs. 40,000,000

Overview

Property Type
Building
Bathrooms/WCs
2
Floor area
877.5 sq.ft.
No. of floors
4
Area of land
3.2 perches
Availability
For Urgent Sale
Price per sq.ft.
Rs. 45,584
Age of Building
10+ years
Primary USP
Prime Kandy Location

Property Details

🏢 4-Storey Commercial Building for Sale in Kandy — Opposite Vidyartha College, Katugastota Road
Asking: Rs. 40,000,000 (Negotiable)

📍 87/B/1 Katugastota Road, Kandy 20000
📍 Opposite Vidyartha College Kandy
📍 Next to Smiling Hearts Preschool

Rare 4-storey commercial building in Kandy's busiest school zone. Walking distance to Kandy town. Paved access lane with adjacent modern developments.
Property Details
▪️ 4 floors: Ground + 1st + 2nd + 3rd
▪️ Covered rooftop deck (steel canopy)
▪️ ~3,500 sqft total built-up
▪️ ~877 sqft per floor — open plan
▪️ Ground floor with roller shutters — shop ready
▪️ 1st floor finished, move-in ready
▪️ 2nd & 3rd floors part-finished — customise your layout
▪️ Clear deed, ready for transfer

Ideal For
🎓 Tuition centre — Vidyartha + nearby schools, 3,000+ student catchment
🏠 Hostel for outstation students
🏥 Clinic, pharmacy, or medical centre
🛍️ Shop, retail outlet, showroom
🏢 Office space
📦 Warehouse / storage
💰 Rental investment

Rental Opportunities
🏪 Ground floor → shop, pharmacy, café, mini-mart
🎓 1st & 2nd floors → tuition classes, training centre, office
🛏️ 3rd floor + rooftop → hostel, staff quarters, residential
School-zone location ensures steady tenant demand.

Capital Appreciation
📈 Sri Lankan urban property projected to grow 8–10% annually through 2030
📈 Kandy ranked among the fastest-growing investor zones
📈 Multi-storey commercial under Rs. 50M is rare — supports long-term value

Why This Location Works
✅ Inside Kandy city limits (Kandy 20000)
✅ Walking distance to Kandy town and Katugastota
✅ Close to banks, supermarkets, transport
✅ High-footfall school zone

📞 Call / WhatsApp:8
📍 Viewing by appointment

Explore Neighbourhood - Map View

87/B/1 Katugastota Rd, Kandy 20000, Sri Lanka    [View on large map]

Find out how much you can save with our Home Loan Calculator

Buy this property for only
Rs. 308,304 /month

By obtaining a Home Loan through our banking partners

*For a 20-year term with a 12% fixed interest rate, using the equated balance payment method.

By obtaining a Home Loan through our banking partners

*For a 20-year term with a 12% fixed interest rate, using the equated balance payment method.

Property prices in Kandy

Average Sale Price is Rs. 23,374 Per SQ.FT.
13.3% Price decreased compared to last year

Try our new price meter tool to find out the average price of a property in Kandy

Try our new price meter tool to find out the average price of a property in Kandy

Contact Advertiser

Rashad Nazeer Owner
Rashad Nazeer : 94-770816918

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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: 16 days ago REPORT THIS AD

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Rashad Nazeer Owner


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