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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
This listing has been verified for accuracy and validity by the listing broker.
$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.
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