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Investment Property - Monthly Income - Colombo 3, Sri-Lanka - Sale or Exchange - Property in Orange County, Calif., USA

Colombo 3

Rs. 67,000,000 ($ 222,520)

Ready to move in

32%

Overview

Property Type

Apartment

Bedrooms

Bathrooms/WCs

Floor area

1300 sq.ft.

Floor Number

Availability

For Urgent Sale

Price per sq.ft.

Rs. 51,538

Car parking spaces

Furnishing Status

Furnished

Age of Building

5+ years

Construction Status

Ready to move in

Property Details

SEAGULL RESIDENCIES, St. Anthony's Mawatha, Colombo 3. This is a 3 BR / 2 Bath 1st Floor Unit, with
Ceramic Tiled Floor in the Living, Dining, Pantry, & all Bedrooms, Maid's Room, Toilet & a separate 2nd
Entrance to and from the Pantry. The 1st Floor has the Large Lobby Area and Balcony facing the Road.
Amenities found in this Apt - Pantry with Cupboards, Gas Stove, Hot Water Geyser, 24-Hour Security with
CCTV & Security Inter-Com

The 9th Floor has the Rooftop Reception Area, Gym, Swimming Pool with Toilets / Changing Area. There is
Two Level Parking Areas - Ground Floor & Basement., Two (2) Elevators, Lobby Sitting Area, Large Water
Storage Tanks, Stand-by Generator., the Floor Area is approx.1300 Sq Ft, with 8 Floors, 32 Apartments - Four
(4 ) Apts in Each Floor. The 9th Floor has the Rooftop Area, the Gym, the Swimming Pool, and the Pool Toilets

Excellent Location in Colpetty, Colombo 3, within High Security Zone, Close to Temple Trees, Prime Minister's
Office, Liberty Plaza Shopping Mall, Durdan's Hospital, Many Leading Schools, many International Educational
Institutes, St. Anthony's Church, and walking distance to the main Duplication Road, Galle Road & Flower Road.

It has a beautiful Ocean View from the 9th Floor / Roof Top Area, walking distance to the Sea and the Railway
Station. This is a Semi Residential & Commercial Area, many High end & Budget Hotels & Guest Houses, quite
close to the main Business & Commercial Hub in Colombo 1, 2, 3, 4, 7,and 11.

Presently occupied by Seven (7) Professional Working Ladies and Female Students attending International
Educational Institutes. Some of the 'Paying Guests' have been in occupation in this Apartment for periods of
One (1) Year to Five (5) years. Present Income from all the 'Paying Guests' is about SL/Rs. 200,000/- approx.
-
Documented Valuation by a Registered Property Valuer is at SL Rs. 62 Million, while the Price Quoted is SL/Rs.
67 Million, subject to negotiation. Monthly Maintenance Fee is SL Rs.17,000/-, the Annual Elevator & Generator
Service Agreement Charges is approx. Rs.20,000/- An Ideal & Excellent Investment Property, for Expatriates
living abroad & those living in Sri Lanka, with 'idle & excess money', who are much in need of 'Investment Income'

This property is at present on a 'Sale Agreement', awaiting the issue of the 'Certificate of Conformity' (COC), by the
'Colombo Municipal Council' ( CMC), so that the Developer, M/s. Seagull Property Developers (Pvt) Ltd, can issue
the 'Ownership Title Deeds' in the Name of the N ew Owner. This is the ideal and best time to acquire this property
NOW, as the cost involved in transferring the 'Sales Agreement' to the New Owner is less, just only the Lawyer Fees.

This advantage will not exist, after the CMC issues the COC. The CMA will then issue the 'Clearance Certificate' after
their Inspection, which will then enable the Developer to issue the 'Ownership Title Deeds' to the New Owner, who will
then get it registered at the Land Registry. It is at that time there is an additional cost of the Stamp Duty and Taxes.
This process is expected to take place before the end of this year, with the CMA very closely monitoring the progress.

STRICTLY NO BROKER - PRINCIPALS ONLY

Property Features

SWIMMING POOL

24 HOUR SECURITY

HOT WATER

LANDLINE TEL

3 PHASE ELECTRICITY

ROOF TOP GARDEN

GYM

BACKUP GENERATOR

FIRE DETECTION

BALCONY

LAUNDRY

LP GAS

ATTACHED TOILETS

GARBAGE REMOVAL

MAID'S ROOM

MAID'S TOILET

OVERHEAD WATER STORAGE

Explore Neighbourhood - Map View

Colombo 3 [View on large map]

2D View Street View

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More Details

Contact Advertiser

Ameen Saleh Owner

94-7722... Click to view Number 94-7722... Click to view Number

This advertiser has been advertising with us for 10 years

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