Commercial Land for Sale in Akuregoda Battaramulla

We are pleased to present this substantial commercial land opportunity in Akuregoda, Battaramulla, positioned at the corner of D. P. Wijesinghe Mawatha and Lake Road.

The location is probably the first thing that makes this site interesting. It is a genuine corner plot with frontage and access from 2 roads, so a future development has much more flexibility when it comes to visibility, entrances, parking and the way customers move through the property.

The land measures 62.29 perches, which is approximately 16,958 sq ft. Part of the site already contains a semi finished multi-level building of approximately 4,000 sq ft, while a sizeable portion of the land remains open.

Key Features semi-finished

• 62.29 perches of land

• Approximately 16,958 sq ft land area

• Corner of D. P. Wijesinghe Mawatha and Lake Road

• Dual road frontage and access

• Approximately 4,000 sq ft existing semi finished building

• Lower ground, ground, first and upper levels

• Roof terrace

• 2 existing ground level parking bays

• Ramp access to the lower ground level

• Full architectural tender drawings available

• Survey Plan No. 5297

• Lot 1 surveyed in May 2022

• Kaduwela Municipal Council area

• Close to Sri Lanka's main administrative district

• Asking price LKR 400 million

What I like about the site is that a buyer is not really limited to one obvious idea. The existing building could potentially be retained and adapted, while the open section of the property creates room to think about a larger commercial scheme.

Concept studies have considered uses such as retail, a supermarket, offices, healthcare and diagnostics, restaurants, cafés, wellness facilities and automotive or EV related businesses. These are ideas rather than existing approvals, but they show how flexible the land could be.

The surrounding location supports that commercial potential. Parliament, Sethsiripaya, Suhurupaya, Isurupaya and the Defence Headquarters are all within the wider Battaramulla administrative corridor. That creates a regular weekday workforce as well as a steady flow of people visiting government offices.

There is also a strong residential catchment around Akuregoda, Pelawatte, Battaramulla and Thalawathugoda. Supermarkets, international schools, hospitals and restaurants are already established nearby, so this is not a site that depends entirely on future development around it.

One important point is that the existing architectural drawings were prepared for residential use. Any conversion of that structure to commercial use, or any new commercial development on the land, would need to follow the relevant planning and change of use approval process.

For an investor or developer looking for a sizeable corner landholding with 2 road frontages in the Battaramulla growth corridor, there is quite a lot to work with here.

Contact LuxuryProperty.com for further information, architectural drawings, survey details or to arrange a private site inspection.