8% Rental Income! 8P Building facing Rosmead Place Colombo 7 For Sale

Prime Commercial Property in Rosmead Place, Colombo 7.

Extent : 8.6 perches

Area: 7396 sqft including basement, rooftop terrace and balconies.

Investment: Rs. 325 million

• It has 3 assement numbers and can be used as 3 units as each floor can be accessed independently.

• 6 large Rooms used as office rooms and board rooms.

• 2 bathrooms per floor + 2 service bathrooms.

• ⁠Basement car park for 6 vehicles.

• ⁠Large open terrace + bar area for entertaining guests

Currently used as an office + top floor studio apartment.

Rental return:

Currently rented out to a foreign company for Rs. 2 million per month. 5% increment per year on the previous rent. - approximately 8% per annum + the property capital appreciation.

Note- this is a rare property in Colombo 7 as the owner is migrating and not advertised in the market.