PRIME COMMERCIAL & RESIDENTIAL INVESTMENT OPPORTUNITY – MATARA

Walpola Junction – Sirimangala Road, Matara

Asking Price: Rs.100 Million
Indicative Market Value: Approximately Rs.150 Million
Land Extent: 19 Perches

An exceptional opportunity to acquire a three-storey mixed-use commercial and residential property in a rapidly developing and predominantly commercial area of Matara.

Strategically located at Gunawardana Walpola Junction on Sirimangala Road, this property offers multiple income-generating spaces together with strong long-term capital appreciation potential.

Property Configuration

Ground Floor

- Approximately 1,000 sq.ft. commercial shop space
- Additional 500 sq.ft. shop space
- Suitable for retail, office, showroom, service business or other commercial uses

Second Floor

- 3-bedroom residential unit
- Suitable for owner occupation, long-term rental or staff accommodation

Third Floor

- 3-bedroom residential unit
- Additional potential to create 2 more rooms, subject to the required approvals and building suitability

Key Investment Advantages

- 19-perch valuable commercial land
- Three-storey existing building
- Approximately 1,500 sq.ft. of ground-floor commercial space
- Two separate 3-bedroom residential units
- Potential for additional rooms on the third floor
- 4 separate electricity connections
- 3 electricity connections are currently registered as commercial
- Located in a predominantly commercial surrounding area
- Approximately 110 metres to Leeds International School
- Approximately 1.0 km to Matara Hospital
- Approximately 1.7 km to Matara Bus Stand
- Excellent accessibility and visibility for commercial activity

Investment Proposition

At an asking price of Rs.100 million, compared with an indicated market value of approximately Rs.150 million, the property presents a potential Rs.50 million value gap, subject to independent valuation and due diligence.

The property can be considered for:

1. Income Investment
Generate rental income from the commercial shop spaces and residential units.

2. Owner-Occupier + Rental Strategy
Operate a business on the ground floor while generating additional income from the upper floors.

3. Commercial Redevelopment
The location and 19-perch land extent provide potential for future commercial repositioning or redevelopment, subject to planning and building approvals.

4. Capital Appreciation
Its location within an established commercial corridor and proximity to a school, hospital and Matara town supports long-term land-value potential.

Price

Market Value: Approximately Rs.150 Million
Owner's Asking Price: Rs.100 Million

Potential Value Advantage: Approximately Rs.50 Million

This is an investment-led opportunity for buyers seeking a combination of existing rental potential, commercial exposure and land value in Matara.

Serious buyers are invited for a property inspection and further investment discussion.

All measurements, market-value indications, approvals, title, building condition and development potential should be independently verified by the prospective purchaser before proceeding.