Small Commercial Real Estate Equity Stake For Sale in Kurunegala, Sri Lanka
Kurunegala commercial redevelopment opportunity seeking an operating partner and investor for up to 49% equity.
| Established | 30-40 year(s) |
| Employees | < 2 |
| Legal Entity | Other |
| Reported Sales | USD 1.83 thousand |
| Run Rate Sales | USD 1.83 thousand |
| EBITDA Margin | Nil |
| Industries | Commercial Real Estate |
| Locations | Kurunegala |
| Local Time | 3:53 PM Asia / Colombo |
| Listed By | Management Member |
| Status | Active |
Partial Stake Sale
USD
152 thousand
for
49.0%
stake
(Native Currency: LKR 50,000,000)
Reason: The investment will be used to renovate the existing premises or construct a new purpose-built comme...
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Includes physical assets worth
USD
152 thousand
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Business Overview
- Owner-backed commercial redevelopment opportunity in Kurunegala, Sri Lanka, seeking an operating partner and investor rather than offering an existing operating business.
- The road-facing commercial property is located in an active commercial area and is currently rented to a grocery shop.
- The property is suitable for compact retail, branded packaged foods, parcel and collection services, e-commerce fulfilment, distribution, quick-service formats, or another suitable commercial concept.
- The final operating concept will be selected jointly with the investor based on operating expertise, investment capacity, and local market demand.
- The proposed structure is a joint venture offering up to 49% equity in a yet-to-be-incorporated company, with an estimated transaction value of approximately LKR 50 million, subject to independent valuation and mutually agreed terms.
- Investment will be used for renovation or construction of a purpose-built commercial building, interior fit-out, equipment, required licenses, opening inventory, initial marketing, and working capital.
- The property has three-phase electricity, water, and an existing commercial structure that can either be renovated or replaced.
- The proposed business is expected to initially employ approximately 3–5 staff once operations commence.
- The property owner is willing to contribute the property for business use and may also provide additional cash investment.
- The promoter has family and business connections in Japan and New Zealand that may support future international business development.
- The preferred partner should have verifiable investment capacity, relevant operating experience, and the ability to manage day-to-day operations in Sri Lanka.
- The existing grocery shop operates with approval from the local Pradeshiya Sabha and follows applicable requirements.
- Fire, building, and business approvals will be obtained before opening, based on the final business concept selected.
- The road-facing commercial property is located in an active commercial area and is currently rented to a grocery shop.
- The property is suitable for compact retail, branded packaged foods, parcel and collection services, e-commerce fulfilment, distribution, quick-service formats, or another suitable commercial concept.
- The final operating concept will be selected jointly with the investor based on operating expertise, investment capacity, and local market demand.
- The proposed structure is a joint venture offering up to 49% equity in a yet-to-be-incorporated company, with an estimated transaction value of approximately LKR 50 million, subject to independent valuation and mutually agreed terms.
- Investment will be used for renovation or construction of a purpose-built commercial building, interior fit-out, equipment, required licenses, opening inventory, initial marketing, and working capital.
- The property has three-phase electricity, water, and an existing commercial structure that can either be renovated or replaced.
- The proposed business is expected to initially employ approximately 3–5 staff once operations commence.
- The property owner is willing to contribute the property for business use and may also provide additional cash investment.
- The promoter has family and business connections in Japan and New Zealand that may support future international business development.
- The preferred partner should have verifiable investment capacity, relevant operating experience, and the ability to manage day-to-day operations in Sri Lanka.
- The existing grocery shop operates with approval from the local Pradeshiya Sabha and follows applicable requirements.
- Fire, building, and business approvals will be obtained before opening, based on the final business concept selected.
Products & Services Overview
Road-facing commercial property proposed for redevelopment into retail, packaged foods, parcel handling, e-commerce fulfilment, distribution, or quick-service operations, targeting local consumers and businesses in Kurunegala.
Assets Overview
Tangible assets:- Land - LKR 40 million.
- Building - LKR 10 million.
Intangible assets:
Potential project assets will include the existing commercial structure, any future renovations or new construction, equipment, inventory, business systems, brand development, and operating rights.
Facilities Overview
Owned road‑facing commercial site in Kurunegala comprising Lots 3 and 4, with a combined land extent of approximately 5.12 perches (about 1,394 sq. ft. / 129.5 sq. m). The property includes existing permanent commercial structures, is connected to three‑phase electricity and water, and offers potential for renovation or redevelopment into a purpose‑built commercial building, subject to planning and regulatory approvals. Current built‑up area is a single floor of 500 sq. ft. , with plans to construct two additional floors for rental income. The site does not presently include dedicated parking.
Capitalization Overview
Funded solely by the individual property owner at this stage. No operating company has yet been incorporated, and there are currently no external shareholders in the project. The owner plans to contribute the use of the property to the future operating company via a mutually agreed lease or other property-use arrangement and may also contribute cash. The incoming investor is expected to fund renovation or new construction, equipment, opening inventory, working capital, and ongoing operations.Freehold property.
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