24-bedroom 16 perched , 6-storey city hotel located in the heart of Colombo 3, just off Marine Drive

City Hotel for Sale in Colombo 3 – Marine Drive
Ref: SC3-60 | Price: LKR 400 Million (Final Offer – Slightly Negotiable)

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Property Overview:
An exceptional opportunity to acquire a fully developed 24-bedroom, 6-storey city hotel located in the heart of Colombo 3, just off Marine Drive. This property offers over 10,000 sq. ft. of built-up space along with a 10-perch bare land parcel, approved for future development.

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Key Details:
- Location: Marine Drive, Kollupitiya (2nd block off the main road)
- Total Extent: 16 Perches
- 6 Perches with completed 6-storey hotel
- 10 Perches of bare land with an industrial shed
- Built-up Area: 10,000+ Sq.Ft.
- Structure: Ground + 5 Floors
- Development Potential:
- Approved plans for a 6-storey building on the bare land
- Ideal for merging both plots for large-scale hotel or commercial use

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Facilities:
- 24 fully furnished guest rooms
- Certified Safe & Secure Tourism hotel
- Bar / Juice Bar
- Restaurant & Cafeteria
- Fully equipped kitchen
- Laundry facilities
- Mitsubishi elevator (valued approx. Rs. 9 million)
- Ample on-site parking
- Commercial-grade bulk electricity supply

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Rental Income:
- Currently leased to a prominent five-star hotel for staff accommodation
- Monthly Income:
- Rs. 1.65 million (from hotel building)
- Expected Rs. 300,000 (from bare land)
- Total: Over Rs. 1.95 million/month

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Valuation Summary:
- 6 Perch land @ Rs. 16M = Rs. 96M
- Construction (10,000 Sq.Ft. @ Rs. 15,000) = Rs. 150M
- Mitsubishi Lift = Rs. 9M
- 10 Perch bare land @ Rs. 16M = Rs. 160M
- Total Estimated Value: Over Rs. 415 Million
- Final Offer: Rs. 400 Million

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Exclusively Marketed By:
A-Mart Properties

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Note:
- For principals and genuine buyers only
- Strictly no brokers

A-Mart Properties
Your Trusted Partner in Real Estate

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