Rare Investment Opportunity Boutique Property in Kollupitiya for Rs. 245 million (Negotiable)
Marine Drive, Colombo 3
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Rs. 245,000,000 ($ 753,900)
Overview
Property Type
Building
Bathrooms/WCs
8
Floor area
5398 sq.ft.
Availability
For Urgent Sale
Price per sq.ft.
Rs. 45,387
Car parking spaces
5
Age of Building
9+ years
Property Details
Located on the prestigious Marine Drive in Kollupitiya, this elegant boutique apartment complex spans five levels, including a ground floor, three floors each with a spacious three-bedroom apartment, and a rooftop with stunning views. This property is ideally positioned for conversion into high-yield short-term rentals or a distinctive boutique office space.
Apartments Description
First Floor:3 Bedrooms, 2 Bathrooms
Second Floor:3 Bedrooms, 2 Bathrooms
Third Floor:3 Bedrooms, 3 Bathrooms
Each apartment is designed for comfort and style, featuring fully air-conditioned rooms, modern kitchens, and ample living space. The third floor includes an extra bathroom for added convenience.
Marine Drive, Kollupitiya: Located in a prestigious area known for its scenic beauty and central location, ideal for short-term rentals or business operations.
Proximity to Amenities: Close to hotels, shopping centers, restaurants, and public transport, attractive to tourists and professionals.
Flexible Use: Suitable for short-term rentals or conversion to boutique office space, offering high occupancy and multiple revenue streams.
Rapidly Developing Area: Situated in one of Colombo's fastest-growing neighborhoods, ensuring future appreciation and demand.
Investment Potential
Short-Term Rental Opportunity: This prime location on Marine Drive is perfect for short-term rental investors. Its proximity to major attractions and business hubs guarantees high occupancy and premium rental returns.
Boutique Office Conversion: The well-designed apartments are ideal for conversion into stylish boutique office spaces, meeting the demand for unique workspaces in Kollupitiya, attracting high-profile tenants and businesses.
Government Approvals and Certificates: All necessary approvals and certificates are in place, including clear deeds, ensuring a hassle-free ownership transfer and operation.
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