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Colombo 5 Building – 38,000 sqft Stand-Alone Commercial Building with Good Rental Income for SALE – Off Elvitigala Mw (Baseline Road), Col.5 (BS-136)

  • Rs.1,500,000,000

Overview

  • 38000 sqft
    Area Size
  • 35 perch
    Land Extent
  • 15
    Parking

Description

Prime income-generating commercial asset located just off Elvitigala Mawatha (Baseline Road), Colombo 5. Ideal for investors seeking stable returns and long-term value appreciation.

▪️ Land Extent: 35 Perches
▪️ Total Floor Area: 38,000 SQFT
▪️ Configuration: Basement + Ground + 6 Floors
▪️ Fully Air-Conditioned
▪️ Lift Facility
▪️ Full Backup Generator
▪️ Dedicated Male & Female Washrooms on Every Floor

Parking:
▪️ 7 Vehicle Slots (Ground Floor)
▪️ 7 Vehicle Slots (Basement – currently used as store / canteen)
▪️ Additional 40 Vehicle Slots on Adjoining Premises

Investment Highlights:
▪️ 100% Occupancy (3 Tenants)
▪️ Rental Tenure: 3 Years – Extendable
▪️ Rental component can be received in USD or LKR (subject to eligible FCY arrangements)
▪️ Approx. Rental Yield: 13.6%
▪️ Approx. Investment Recovery: 7 Years (excluding capital appreciation)

Ideal for:
▪️ Investment portfolio
▪️ Institutional investors
▪️ Income-generating commercial asset acquisition

Expected Sale Price: LKR 1.5 Billion

Details

  • Property ID TRLM – BS-136
  • Price Rs.1,500,000,000
  • Floor Area 38000 sqft
  • Land Extent 35 perch
  • Parking 15
  • Property Type Commercial Building

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