Residential Real Estate for Sale in Galle, Sri Lanka
Luxurious service apartment complex to sell in Galle.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 300 - 400 thousand |
| Run Rate Sales | USD 240 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Commercial Real Estate + 1 more |
| Locations | Galle |
| Local Time | 12:22 AM Asia / Colombo |
| Listed By | Advisor / Business Broker |
| Status | Active |
Full Sale
Asking Price:
USD
2.6 million
(Native Currency: LKR 775,000,000)
Reason: - The parent company expect to invest in the energy sector and restructure the main business model.
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Includes physical assets worth
USD
2.6 million
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Business Overview
- Main development is the 5th high-rise condominium development of the developer built on 3.5 acres of land extension as twin towers.
- Each tower consists of 12 storeys.
- Service apartment set up located on the south tower in first two residential floors.
- It has a separate entrance, separate elevator and separate staircase from the main residential building.
- Dedicated car parking.
- Development obtained Asia Pacific Property Award before the pandemic.
- Business has performed average monthly sales of LKR 6mil at a 48% occupancy rate.
- The sales for this year will increase in the last 2 quarters as per our projections.
- Business hires part-time employees for construction activities.
- Each tower consists of 12 storeys.
- Service apartment set up located on the south tower in first two residential floors.
- It has a separate entrance, separate elevator and separate staircase from the main residential building.
- Dedicated car parking.
- Development obtained Asia Pacific Property Award before the pandemic.
- Business has performed average monthly sales of LKR 6mil at a 48% occupancy rate.
- The sales for this year will increase in the last 2 quarters as per our projections.
- Business hires part-time employees for construction activities.
Products & Services Overview
- 19 service apartments (Nine 2BR apartments and Ten 3BR apartments) and 48 rooms.- Fully air-conditioned units.
- Fully fitted pantry.
- Fully backup generators.
- Pool, Gymnasium and dinning area.
- Rented out two commercial spaces.
Assets Overview
- All the furniture of 19 service apartments.- All the furniture in the dining area.
- All the outdoor furniture in the pool area.
- All the gym equipment.
Facilities Overview
- Property located in Galle. Adjacent to the freeway of Southern Highway.- Seller is willing to discuss on full sale of the property.
Capitalization Overview
-1 main shareholder with a 99% stake and 1 director with 1%.- Bank facility will be settled by the company parallel to the sale.
Recent Activity
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Earlier than 15 daysDirector, Brussels, M&A Advisor connected with the Business
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Earlier than 15 daysDirector/COO, Manufacturing, Colombo, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysCEO, Chennai, Financial Consultant connected with the Business
Tags:
Residential Real Estate for Sale in Galle, Sri Lanka
·Purchase Residential Real Estate in Galle, Sri Lanka
·Commercial Real Estate for Sale in Galle, Sri Lanka
·Purchase Commercial Real Estate in Galle, Sri Lanka
·Commercial Property for Sale in Galle, Sri Lanka
·Purchase Commercial Property in Galle, Sri Lanka
·Buy Residential Real Estate in Galle, Sri Lanka
·Buy Commercial Real Estate in Galle, Sri Lanka
·Buy Commercial Property in Galle, Sri Lanka
·Residential Real Estate for Sale
·Commercial Real Estate for Sale
·Commercial Property for Sale
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