LAND & HOUSE FOR SALE - IDEAL FOR INVESTMENT PURPOSE FOR APARTMENT COMPLEX OR HOLIDAY HOME
LAND & HOUSE FOR SALE - IDEAL FOR INVESTMENT PURPOSE FOR APARTMENT COMPLEX OR HOLIDAY HOME
18 perch (4,900 sq. ft.) property situated in Moratuwa, Sri Lanka, ideal for investment purposes, a holiday home, or an apartment complex.
Details of the land are given below, and pictures of the surrounding area are attached.
Land Extent:
18 perches (4,900 sq. ft.)
Location:
Situated at the end of Uyana Road, Lunawa, Moratuwa, this property borders the serene shores of the Lunawa Lagoon (19 km to Colombo Fort). It is placed in a calm and relaxing location, providing respite from both the noise and fumes of vehicles. Yet, it remains conveniently situated within minutes of key transportation hubs, well-stocked supermarkets, places of worship encompassing Buddhist temples and Christian churches, and essential healthcare facilities.
From a higher elevation (3rd story onwards), this property offers breathtaking views of the sun setting over the Lunawa Sea to the west and the sun rising over the tranquil Lunawa Lagoon to the east.
Land Terrain:
This property features level terrain with sandy soil, an ideal characteristic for rapid sedimentation. Situated at the far end of the property is a residential building.
Ownership/Approvals:
This property is privately owned, bearing an unambiguous and easily transferable title. At present, it has obtained all necessary approvals for the existing structure, including the Street Line and Certificate of Conformity (COC). Nevertheless, should there be any plans for new construction, approvals, specifically for building plans, will need to be secured from the Municipality.
Utilities:
3-phase electricity and pipe-borne water are available.
Access:
This property offers two convenient access points: one from Uyana Road in Lunawa, just 1 kilometer away, and another from Beach Road in Angulana, just 2 kilometers away. Uyana Road, a well-traveled two-way thoroughfare, serves as a strategic alternative route to Galle Road for commuting to and from Colombo. The access road leading to the property from Uyana Road boasts a generous width of 15 feet, spanning a mere 100 meters in distance, ensuring seamless accessibility.
The land is
- 1.7 km to Rawathawatta Junction (Galle Road)
- 800 m to Lunawa Railway Station
- 3.2 km to Moratuwa Bus Station
- 2.5 km to K-Zone Katubedda
- 2.1 km to Cargills Food City, Rawathawatta
- 3.1 km to Cargills Food City & Regal Cinema, Katubedda
- 1.1 km to Lunawa Hospital (Government)
- 2.2 km to MediHelp Hospital (Private)
Other nearby amenities include:
- Salons
- Bakeries
- Restaurants
- Pharmacies
- Lunawa Jogging Track along the serene lagoon.
- Schools (St. Sebastian's College, Prince of Wales College, Princess of Wales College, Kusinara International School, and Prestantia Music School)
Forecast:
The property value is expected to appreciate tremendously after the Marine Drive is implemented.
Price:
Expecting AUD 295,000. Further, we expect to finalize the transaction by October 2023.
NB
It should be noted that a 935 to 1,310 sq. ft. apartment is selling in the range of LKR 30 to 38 million / AUD 145,422 to 184,200 (Ikman.lk) in Moratuwa.
Accordingly, you may contact me at brittoramenaden@gmail.com or on WhatsApp at +94726007060 for further clarification if required.
LAND & HOUSE FOR SALE - IDEAL FOR INVESTMENT PURPOSE FOR APARTMENT COMPLEX OR HOLIDAY HOME
Condition: USED
18 perch (4,900 sq. ft.) property situated in Moratuwa, Sri Lanka, ideal for investment purposes, a holiday home, or an apartment complex. Next to lagoon; away from traffic and noise; calm atmosphere.
Britto R