A land-led investment opportunity on Jawatte Road, bordering Colombo 7 and adjoining the Italian Embassy. Set along a leafy residential street, this furnished one-storey house combines immediate rental potential with future refurbishment or redevelopment opportunities, subject to the necessary approvals. The property features a private landscaped driveway, on-site parking for three cars, an inner courtyard garden and generous accommodation suitable for executive, corporate or embassy-circle tenants. Property Highlights Asking price: Rs. 18,000,000 Per Perch Total Land extent: 10.8 perches — 2,940 sq ft / 273 sq m / 0.0675 acre House block: 7.64 perches — 2,080 sq ft Private driveway: 3.16 perches — 860 sq ft Accommodation: 4 bedrooms and 3 bathrooms Built-up area: Approximately 3,200 sq ft Building age: 25+ years Furnished, with garage and maid’s room Inner courtyard garden and tropical landscaping On-site parking for 4 cars 3-phase electricity Location: Jawatte Road, bordering Colombo 7, adjoining the Italian Embassy Statistics for Renters House size Asking monthly rent Rent per sq ft 2,500 sq ft Rs. 550,000 Rs. 220 Why Consider This Investment? Land-led value: 2,940 sq ft of land in an elite diplomatic and residential location. Immediate usability: The existing furnished house can be let as it stands, subject to market demand and any applicable requirements. Value-add potential: Refurbish and re-let, targeting stronger furnished rental comparisons. Future flexibility: Potential redevelopment, subject to planning and other approvals. Tenant appeal: Suitable for long-term corporate, executive or embassy-circle leasing.