Description

Property details :

Address: Pallakelle, Kundasale

Location: close to Central Provincial Council Complex, Pallakelle, Kundasale.

4km from Pallekelle International Cricket Stadium.

Land & Legal Status

Extent: 711 Perch ( on Plan ) Measured Extent 770 Perches. Boundaries: Permanent 7 ft high Brick wall all around.

Legal Status: Free Hold

Access for 40’ containers and on site parking.
Garment Factory: Uses appx 250 perches -Balance bare land with coconut trees.

Factory
Factory Built Area: appx 55,000 sqft.

Factory Roof covered with Solar Panels for electricity generation.
200 KVA Generator.
Factory on lease rental appx Rs 30 Million per year.

Factory Solar Panel generates appx Rs 15.0 million per year.

Total Revenue – Appx Rs 45.0 million per year.

Future Potential

Can be developed into a high-rise apartment building or used as Warehouse or a star-class hotel or even sold as small lots etc.

Remarks

Neighboring lands mostly house residential. Some plots of land have been sold for Rs 1.4 – 1.5 million per perch in the recent past

Selling Price : 800 million or highest offer & negotiable

Long term lease : 4 million per month, negotiable

Posted/edited: 41 days ago