Office Space for Sale in Kottawa, Sri Lanka
Compelling real estate investment opportunities with immediate returns and the potential for substantial future growth.
| Established | 5-10 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 23.4 thousand |
| Run Rate Sales | USD 24.5 thousand |
| EBITDA Margin | 40 % |
| Industries | Office Space |
| Locations | Kottawa |
| Local Time | 6:24 PM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
326 thousand
(Native Currency: LKR 97,500,000)
Reason: The owner is looking to migrate.
Includes physical assets worth
USD
326 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Certificate of Incorporation
(512.7 KB)
Business Overview
Prime commercial building:
* 4-storey building, spanning 8,000 sqft (2,000*4), 13 perches Land, Located in Kottawa Town.
* Currently leased to an overseas software company with a monthly rental income of LKR 610,000 (with a 15% annual rent increment) and total future rental income for the agreement period is LKR 70 million.
* Building valued at LKR 120 million, however, selling at LKR 97.5 million.
* Existing corporate tenant willing to extend the lease beyond the agreement period.
* Current agreement period is for another 8 years so the buyer is assured of an inflow of LKR 70 million.
* Very high profit margin on the rental income as any minor maintenance expenses are borne by the tenant and all the security, and cleaning staff are employed by the tenant, the software company.
* 4-storey building, spanning 8,000 sqft (2,000*4), 13 perches Land, Located in Kottawa Town.
* Currently leased to an overseas software company with a monthly rental income of LKR 610,000 (with a 15% annual rent increment) and total future rental income for the agreement period is LKR 70 million.
* Building valued at LKR 120 million, however, selling at LKR 97.5 million.
* Existing corporate tenant willing to extend the lease beyond the agreement period.
* Current agreement period is for another 8 years so the buyer is assured of an inflow of LKR 70 million.
* Very high profit margin on the rental income as any minor maintenance expenses are borne by the tenant and all the security, and cleaning staff are employed by the tenant, the software company.
Products & Services Overview
Commercial building that offers office space to companies in Kottawa town.
Assets Overview
Tangible assets include:- 13 perches of land.
- 4-storey building with a built-up area of 8,000 sq. ft.
The total value is LKR 120 million but the owner wants to sell it at a discounted price of LKR 97.5 million.
Facilities Overview
The building is located on 13 perches of owned land in Central Kottawa town near the Bank of Sri Lanka. The building has four floors and a total built-up area of 8,000 sq. ft.
Capitalization Overview
- No loans in the name of the land and building.- The ownership of the building lies with an individual.
Recent Activity
-
Earlier than 15 daysDirector, Electrical Solutions, Redbank Plains, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysAttorney, Ohio City, Law Firm connected with the Business
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