Description

Fully operational 24 bed room 10000sq ft City hotel for sale in Marine drive Colombo-3 For 220 Million.

Details in Brief
 A Mart City Hotel Colombo-3 (Concept name only)
 Location: Colombo 3 At Marine Drive
 District: Colombo District
 Current Situation: Fully Operational
 Extent of Property: 6 perch
 Built Area Square Feet: Over 9800 Square Feet
 Selling Price Rs.220 Million (Not Negotiable)
 Local Approvals: All related approvals obtained and renewed.
 Safe secured tourism Certified Hotel
 Number of Rooms: 24
 Well equipped kitchen
 Bar / Juice Bar
 Laundry Facilities
 Restaurants
 Cafeteria
 Ample Car Parking
 For More Information & the pictures Please contact

We did a rough costing and had to revise the price as follows which will be our final offer if selling.

6 perch land x 10 million per perch. Land value 60,000,000/=

Building cost roughly 9,800 sq ft x 15,000/= total value 147,000,000/=

Mitsubishi elevator roughly 9,000,000/= today for usd value.

Even electricity supply is commercial bulk supply.

Our final offer is 220 million

FYI unlike other commercial spaces today 9800 x 150rs per sq ft roughly 1.5 million rental value. If we go ahead and spend and complete renovations our plan is to roughly sell hotel room for net 20usd. Even at 50% occupancy there is potential to get more than 7500usd monthly.

Please do not hesitate to contact us for more details & pictures of this Property
Please Contact Althaf A-Mart Properties “ Your partner in Real Estate”

We will assist you to …
• Sell your house / apartment / land / warehouse / commercial building etc.
• Find a house / apartment / office space / commercial building / land for outright purchase etc.
• Lease out your house / apartment / land / office space / warehouse / commercial building etc.
• Manage your properties

Principals n Genuine Buyers only
Strictly No Brokers!!!!

Posted/edited: 25 days ago