Apartment For Sale

Picture of Apartment For Sale in Colombo 3 (Kollupitiya), Colombo, Sri Lanka

$226,000

496 R A De Mel Mawatha
Colombo 3 (Kollupitiya), Colombo, Sri Lanka

2bd 2ba 962 sqft

Year Built: 2020

Listed By: Property Owner

Listed On: 03/15/2023

Listing ID: GL3508487

Description

Located in one of the most coveted addresses in Duplication Road, Colpetty, Colombo 3, the apartments are close to all amenities such as restaurants, schools, transportation, and hospitals. These apartments seeks to redefine contemporary urban living with an eye towards nature, uniquely blending elements of earth, light and water. The search for a perfect home is varied, but the golden threads tying it together are usually: location, accessibility, affordability, prestige and security. ADVANTAGES With solar panels for common areas, 24-hour CCTV monitoring, smart card access systems, state of- the-art automated parking, a rooftop infinity pool facing the Indian Ocean, an atrium deck, a zen-inspired rooftop garden and a fully equipped gym. Live here to fulfil your vision of a lush and comfortable city lifestyle. The project is uniquely designed where the residential units will start from the 5th floor. The floors below will be for parking and an atrium. INVESTMENT AND RENTAL PROGRAM Great rental potential for these apartment as they are well located. Only a few minutes’ walk from the famous Alfred House Gardens and some of best restaurants and nightlife in the city. Also close to the best hospitals and schools. Expected rental yield is between 5-12.5% and capital gains in Colombo is 5-10%. A total return of 10-22.5%! The developer will provide attractive returns for the yield-focused investor through a profit share scheme. Lease your apartment back to them and they will manage it hassle free for you for a nominal fee. As there is a huge short-term rental potential for this location the expected rental yield for a 2 bedroom apartment is over 10% calculating it for a nominal 20 days occupancy. DESIGN AND ARCGITECTURE Designed by famous architects Milroy Perera Associates and developed by HNJ Towers this project is contracted to N & A Engineering and consulted by Azure Advisory. All well renounced in their respective industries.

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