Residential Real Estate for Sale in Galle, Sri Lanka
Established | 1-5 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 | 12:59 AM Asia / Colombo |
Listed By | Advisor / Business Broker |
Status | Active |
- 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.
- 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.
- 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.
- Property located in Galle. Adjacent to the freeway of Southern Highway.
- Seller is willing to discuss on full sale of the property.
-1 main shareholder with a 99% stake and 1 director with 1%.
- Bank facility will be settled by the company parallel to the sale.
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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