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This listing has been verified for accuracy and validity by the listing broker.
71, St.Ritas Road, Mount Lavinia, Sri Lanka

$1,500,000 USD

Bedrooms

19

Bathrooms

19

Square Footage

12,000 sqft

Highlights

Westbury Suites Hotel Apartments – Mount Lavinia is a premium 4-star studio apartment complex located along the scenic Marine Drive, offering direct views of the Indian Ocean. The development comprises 19 fully furnished studio units, each averaging over 400 square feet and featuring private attached bathrooms.
The property offers a total leasable area of approximately 12,500 square feet, complemented by a beautifully designed boundary wall and a landscaped area covering an additional 5,000 square feet. The total built-up area (BUA) of the project stands at 17,000 square feet.
Positioned as a short-term rental destination, each unit is expected to command a daily rental rate ranging from USD 50 to 75. With a projected first-year occupancy rate of around 75%, the property represents a strong investment opportunity in the hospitality sector of Mount Lavinia, one of Sri Lanka’s most vibrant coastal cities.

Overview

Property Type: 5 Floor building

Year Built: 2022

Renovation Year:

Stories: 5

Property Taxes (Previous Year):

Off Market: No

Bedrooms: 19

Bathrooms: 19

Parking Spaces:

Lot Size:

Square Footage: 12,000 sqft

Square Meters: 1115 m²

Listing courtesy of Fahad/Muhez.

Agent Phone: +94 77 667 7521/ +44 7470 848585

Company Name: Westbury Suites Pvt LTD

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