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Prime Residential Apartment Complex for Sale at Thalahene, Malabe.

Thalahene, Malabe, Colombo

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LKR 150,000,000

Apartment

Sale

2 bed

2 bath

HIGH RETURN INVESTMENT OPPORTUNITY A rare opportunity to acquire a fully developed Apartment complex located in the highly sought-after Malabe business hub. This income-generating property consists of 2 Apartment buildings with 10 residential units, offering immediate rental returns and excellent long-term capital appreciation. Perfect for: ~ Property Investors ~ Apartment Rental Business ~ Staff Accommodation ~ Family Residential Investment ~ Long-Term Rental Income Generation ~ Separate water tanks & individual water meters for all units ~ Separate electricity meters for each apartment ~ Approximately 800m access to the main road Rental Income Summary ~ Current Monthly Rental Income: LKR 421,000 ~ Potential Future Monthly Rental Income: LKR 510,000 Property Overview The property consists of two apartment buildings with a total of 10 residential units offering strong rental income and excellent future appreciation potential. Building 01 ~ 2 Floors ~ 4 Apartment Units ~ Apartment sizes ranging from approximately 932 – 1,104 Sq.ft ~ Mostly 2-bedroom apartments with living area, pantry, washrooms, balconies, and servant room facilities in selected units Building 02 ~ 4 Floors ~ 6 Apartment Units ~ Apartment sizes ranging from approximately 852 – 1,774 Sq.ft ~ 2, 3 & 4-bedroom apartments with living & dining areas, pantry, balconies, garage, and rooftop area in selected units Prime Location Advantages ~ Close to Horizon College International & Horizon Campus ~ Easy access to SLIIT & Saegis Campus ~ Near Neville Fernando Hospital ~ Close to Passport Office, ID Office, Sethsiripaya & Isurupaya ~ Approximately 10 minutes to Malabe Town ~ Approximately 15 minutes to Battaramulla Approvals & Certifications ~ Building approvals and Certificates of Conformity (COC) available for both buildings ~ Building approvals obtained in 2006 & 2011 ~ COC certificates issued in 2007 & 2012 Investment Highlights ~ Fully operational apartment complex ~ Immediate rental income generation ~ High demand rental location near universities & government institutions ~ Strong future rental growth potential ~ Excellent long-term capital appreciation ~ Ideal investment opportunity in a rapidly developing residential area