Prime Residential Property with Rental Income – Wattegedara Junction, Maharagama

  • LKR 235 Million
Maharagama, Colombo

Prime Residential Property with Rental Income – Wattegedara Junction, Maharagama

Maharagama, Colombo
  • LKR 235 Million

Overview

Property ID: A124448
  • Commercial
  • Property Type
  • 11000
  • sqft

Description

Property Overview:

Located just 100 meters off High-Level Road in a peaceful residential neighborhood, this expansive estate offers an exceptional blend of luxury living and high-return investment potential. Spanning over 50 perches, the property features a sophisticated three-story main residence and two fully-rented buildings, generating a steady monthly income. With over 11,000 Sq.Ft of total built-up area, this is a rare opportunity to own a multi-purpose property in the heart of Maharagama.

Key Features:

  • Land Size: 50 Perches
  • Total Built Area: Over 11,000 Sq.Ft
  • Access Road: 20-ft wide
  • Proximity: 100m to High-Level Road, 500m to Navinna Railway Station

Main House – Luxury Three-Story Residence:

  • Floor Area: Approx. 3,500 Sq.Ft
  • Bedrooms: 3 (2 with attached bathrooms)
  • Theatre Room: A/C, Kumbuk flooring, half bath
  • Living & Dining: Spacious, elegantly designed
  • Kitchen: Modern pantry kitchen
  • Domestic Quarters: Separate room + toilet
  • Staircase: Iron & timber construction
  • Energy Efficient Systems:
    ▪️ 5KW Solar Panel System (Single Phase Electricity)
    ▪️ Solar Hot Water System

Rental Building 1 – 3 Rental Units:

  • Floor Area: Approx. 4,500 Sq.Ft
  • Composition: 3 individual rental houses

Rental Building 2 – 4 Rental Units:

  • Floor Area: Approx. 3,000 Sq.Ft
  • Composition:
    ▪️ 3 Rental Houses
    ▪️ 1 Studio-type Apartment

Rental Income:

  • Total Monthly Rental Income: Approx. Rs. 300,000

Parking & Outdoor Features:

  • Vehicle Parking: Space for 10+ vehicles
  • Garden: Beautifully landscaped with 20+ varieties of fruit trees
  • Security: Fully enclosed with 7ft parapet wall + CCTV surveillance

Location Advantages:

  • Walking distance to High-Level Road
  • Only 500m to Navinna Railway Station
  • 5 minutes to supermarkets, banks, ATMs, restaurants and fuel stations
  • Close proximity to hospitals and essential city infrastructure

Ideal For:

  • Comfortable multi-generational family living
  • Rental income + residential hybrid setup
  • Investors seeking high-yield property in a prime suburban location

Price:

  • LKR 235 Million (*Negotiable)

Don’t miss out on this unique opportunity to secure a prime asset that combines luxury, functionality and income generation in the heart of Maharagama.
Contact us now to schedule your private viewing!

Address

  • Address Maharagama, Colombo
  • City Maharagama
  • District Colombo

Details

Updated on August 3, 2025 at 8:12 am
  • Property ID: A124448
  • Price: LKR 235 Million
  • Property Size: 11000 sqft
  • Land Area: 50 perches
  • Property Type: Commercial
  • Property Status: For Sale

Contact Information

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Hasitha Amarasinghe

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Hasitha Amarasinghe
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