Commercial Real Estate for Sale in Balapitiya, Sri Lanka

We are offering a commercial property for sale in Balapitiya, a prime 100-perch seafront plot with direct frontage and access from Galle Road, ensuring excellent visibility and connectivity.
The property includes two buildings: a newly constructed commercial building and an older house. The property was previously rented and operated as a blood collection center. It is currently vacant and ready for immediate use or development.
The buyer has the flexibility to demolish the building to repurpose the land, ideal for developing a hotel or other commercial ventures that can capitalize on the scenic sunrises and the strategic location. Tangible assets:
- Land and the existing infrastructure. The property located in Balapitiya is a prime seafront 100-perch property with direct frontage and access from Galle Road, offering excellent visibility and connectivity. It is conveniently located close to key landmarks including the Star Hotel Rio, a hospital, and the local court, making it highly accessible and attractive for commercial use. The property includes two buildings: a newly constructed commercial building and an older house. Investors have the flexibility to demolish the old house to repurpose the land, ideal for developing a hotel or other commercial ventures that can capitalize on the scenic sunrises and the strategic location. This makes it a valuable investment opportunity with strong potential for hospitality or mixed-use development.
Features of the buildings.
- Commercial building: 2,200 sq. ft. with washroom.
- Villa: 6 rooms, kitchen, and 2 washrooms. (Suitable to be used as staff quarters) The property is freehold with no loans and comes with a clear title deed. It's an ancestral property, over 200 years old, with a well-documented ownership history.