Office Space for Sale in Kottawa, Sri Lanka

Prime commercial building:

* 4-storey building, spanning 8,000 sqft (2,000*4), 13 perches Land, Located in Kottawa Town.

* Currently leased to an overseas software company with a monthly rental income of LKR 610,000 (with a 15% annual rent increment) and total future rental income for the agreement period is LKR 70 million.

* Building valued at LKR 120 million, however, selling at LKR 97.5 million.

* Existing corporate tenant willing to extend the lease beyond the agreement period.

* Current agreement period is for another 8 years so the buyer is assured of an inflow of LKR 70 million.

* Very high profit margin on the rental income as any minor maintenance expenses are borne by the tenant and all the security, and cleaning staff are employed by the tenant, the software company.

Commercial building that offers office space to companies in Kottawa town.

Tangible assets include:

- 13 perches of land.

- 4-storey building with a built-up area of 8,000 sq. ft.

The total value is LKR 120 million but the owner wants to sell it at a discounted price of LKR 97.5 million.

The building is located on 13 perches of owned land in Central Kottawa town near the Bank of Sri Lanka. The building has four floors and a total built-up area of 8,000 sq. ft.

- No loans in the name of the land and building.

- The ownership of the building lies with an individual.