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Commercial Property for Sale in Colombo 05

Posted on Colombo 05
Commercial Property for Sale in Colombo 05

LKR 1,500,000,000total price

Negotiable

Commercial Property for Sale - Colombo

Land Size
35 Perches
House Size
35000 sq ft
Type
Building

Description

*Commercial Property For Sale – Colombo 05*

📍 Colombo 05

Title: Commercial Building

Land Extent: 35 perches

Internal Area: 35,000 sqft usable (40,000 sqft gross)

No of Floors: Basement + Ground + 6

Parking Setup: 7 (Ground) + 7 (Basement, currently store/canteen) + 40 on adjoining premises (LKR 0.2 Million/month lease)

Availability:

- Year of construction completion: 2018

- Current rental income: LKR 17 Million per month / LKR 204 Million per year (increases after 18 months)

- Rental tenure: 3 years, extendable

- Rental yield: 13.6% — 7-year investment recovery without capital gain

- Rental component payable in USD or LKR (if tenant has FCY-receiving accounts)

Posted by: Janith Wijesekara

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