An exceptional investment opportunity is now available at No. 27, Melbourne Avenue, Colombo 04, one of the most sought-after and strategically located addresses in the heart of Colombo.

This valuable property is situated close to Marine Drive, offering excellent connectivity to major commercial, residential, educational, and lifestyle destinations in Colombo. With its highly desirable location and substantial land extent, this property is ideal for investors, developers, corporates, or high-net-worth buyers looking for a premium real estate asset in Colombo 04.

Additional Information

Property Details

~ Condition: Very old building
~ Expected Price: Over Rs. 600 Million

The property offers strong redevelopment potential due to its prime location, land value, and close proximity to Marine Drive. It is suitable for a luxury residential development, boutique apartment project, corporate office, embassy residence, private residence, or long-term investment.

Key Highlights

~ Prime address in Colombo 04
~ Close to Marine Drive
~ 32 perches of valuable land
~ Approx. 5,390 sq.ft existing two-storied building
~ Excellent road access and urban convenience
~ Strong investment and redevelopment potential
~ Rare opportunity in a high-demand Colombo location

This is a rare opportunity to secure a premium property in one of Colombo’s most valuable real estate zones.

» No brokers. Serious direct inquiries only.

OFFERS ARE INVITED FOR SALE
INSPECTION on any working day from 01.07.2026 to 06.08.2026 only by prior appointment SEALED OFFERS should reach the undermentioned address on the prescribed Offer Form, on or before 07.08.2026 at 4.00 p.m. indicating on the top left hand corner of the envelope

“OFFER FOR PSI MELBOURNE AVENUE PROPERTY”

TERMS & CONDITIONS and the offer forms could be collected at the under-mentioned address on payment of a NON-REFUNDABLE FEE of Rs. 2000/-.

No Brokers Please. Genuine Buyers are Higly Welcome.

Liquidator,
PELWATTE SUGAR INDUSTRIES PLC (Under Liquidation) Level 10, Ceylinco House, No.69, Janadhipathi Mawatha, Colombo 01. For more details please contact !