Prime Investment Opportunity: 7.5 Perches in Ratmalana
Priced for Land Value – Ideal for Redevelopment or Renovation
Strategically located on Sri Dharmarama Road, this property represents an exceptional entry-level investment in a high-demand residential hub. Offered at land value, it provides a cost-effective opportunity to secure a footprint just minutes from the city's main artery.
Key Property Highlights:
* Land Extent: 7.5 Perches.
* Existing Structure: An older 3-bedroom, 2-bathroom house with a spacious living hall.
* Immediate ROI: Currently generates a steady rental income of LKR 30,000 per month.
* Location: Highly convenient setting, just 2km from Galle Road, ensuring proximity to supermarkets, schools, and public transport.
Investment Potential:
This property is perfect for an investor looking to:
* Redevelop: Clear the site to build a modern, compact residential unit.
* Renovate: Update the existing structure to significantly increase rental yield.
* Land Banking: Hold the asset in a high-growth area with existing income covering holding costs.
Access & Logistics:
* Access: Entry is via small private passage (suitable for motorbikes/pedestrians).
* Parking: No on-site vehicle parking available.
* Direct Sale: Serious inquiries only. Strictly no brokers.
Schedule a Viewing
Don’t miss this chance to acquire land in Ratmalana at a competitive price point. Contact us today to arrange a private inspection.
