Commercial Building for Sale in Colombo 5

*Commercial Building for sale in Colombo 5 with rental income*

Gross Square foot area: 40,000 Square Feet

Usable Square foot area: 35,000 Square Feet

Floors: Basement + Ground + 6

Land Size: 35 Perches

Building Occupancy: 100%

Year of Construction Completion: 2018

Rent Per Month: LKR 17,000,000 per month (increases after 18 months)

Rent Per Year: LKR 204,000,000 per year (increases after 18 months)

Rental Tenure: 3 years extendable

Car Park Slots on Premises: 7 (Ground) + 7 (Basement - currently used as store/canteen)

Car Park Slots on Adjoining Premises: 40 (LKR 200,000 per month lease to external party - if necessary to be borne by tenants)

_Rental component can be paid in USD or LKR - if company/individual has relevant accounts to accept payments in FCY_

*Expected Sale Price: LKR 1.5 Billion* (Negotiable)

(Rental yield - 13.6% - 7 year recovery of investment without capital gain)