HIGH RETURN INVESTMENT OPPORTUNITY
A rare opportunity to acquire a fully developed Apartment complex located in the highly sought-after Malabe business hub. This income-generating property consists of 2 Apartment buildings with 10 residential units, offering immediate rental returns and excellent long-term capital appreciation.
Additional Information
Perfect for:
~ Property Investors
~ Apartment Rental Business
~ Staff Accommodation
~ Family Residential Investment
~ Long-Term Rental Income Generation
~ Separate water tanks & individual water meters for all units
~ Separate electricity meters for each apartment
~ Approximately 800m access to the main road
Rental Income Summary
~ Current Monthly Rental Income: LKR 421,000
~ Potential Future Monthly Rental Income: LKR 510,000
Property Overview
The property consists of two apartment buildings with a total of 10 residential units offering strong rental income and excellent future appreciation potential.
Building 01
~ 2 Floors
~ 4 Apartment Units
~ Apartment sizes ranging from approximately 932 – 1,104 Sq.ft
~ Mostly 2-bedroom apartments with living area, pantry, washrooms, balconies, and servant room facilities in selected units
Building 02
~ 4 Floors
~ 6 Apartment Units
~ Apartment sizes ranging from approximately 852 – 1,774 Sq.ft
~ 2, 3 & 4-bedroom apartments with living & dining areas, pantry, balconies, garage, and rooftop area in selected units
Prime Location Advantages
~ Close to Horizon College International & Horizon Campus
~ Easy access to SLIIT & Saegis Campus
~ Near Neville Fernando Hospital
~ Close to Passport Office, ID Office, Sethsiripaya & Isurupaya
~ Approximately 10 minutes to Malabe Town
~ Approximately 15 minutes to Battaramulla
Approvals & Certifications
~ Building approvals and Certificates of Conformity (COC) available for both buildings
~ Building approvals obtained in 2006 & 2011
~ COC certificates issued in 2007 & 2012
Investment Highlights
~ Fully operational apartment complex
~ Immediate rental income generation
~ High demand rental location near universities & government institutions
~ Strong future rental growth potential
~ Excellent long-term capital appreciation
~ Ideal investment opportunity in a rapidly developing residential area
