Residential Real Estate Construction Businesses for Sale in Weligama

Residential real estate construction company based in Sri Lanka. - Business was registered 2023 year. - Currently focused on the development of a condominium service apartment building. - Current project: The land is owned by the company, all project documentation has been developed, all necessary government approvals have been received for starting the construction. The construction period will be approximately 18 months. - The total profitability of the project, in case of sale of all apartments, is ~60%; - The opportunity to leave apartments (all or part of them) in the ownership on account of dividends or profits for subsequent rental and receive passive income. In this case, taking into account the low cost for the developer, the profitability will be ~ 20% and the payback period will be around 5 years. - The total amount for the complete project is LKR 390 million (construction work and equipment, general commercial and administrative costs). - There are also options for financing the project: 1. Due to the sale of apartments; 2. Project financing by Sri Lankan banks around 12% per annum in Sri Lankan rupees. - The company is registered with an incorporation certificate and holds Urban Development Authority Approval, Coastal Dept. approval, Fire Dept. approval and all the necessary approvals are in order.

Residential real estate construction company based in Sri Lanka. - Business was registered 2023 year. - Currently focused on the development of a condominium service apartment building. - Current project: The land is owned by the company, all project documentation has been developed, all necessary government approvals have been received for starting the construction. The construction period will be approximately 18 months. - The total profitability of the project, in case of sale of all apartments, is ~60%; - The opportunity to leave apartments (all or part of them) in the ownership on account of dividends or profits for subsequent rental and receive passive income. In this case, taking into account the low cost for the developer, the profitability will be ~ 20% and the payback period will be around 5 years. - The total amount for the complete project is LKR 390 million (construction work and equipment, general commercial and administrative costs). - There are also options for financing the project: 1. Due to the sale of apartments; 2. Project financing by Sri Lankan banks around 12% per annum in Sri Lankan rupees. - The company is registered with an incorporation certificate and holds Urban Development Authority Approval, Coastal Dept. approval, Fire Dept. approval and all the necessary approvals are in order.