Vauxhall Street Presentation

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The extent of land is 253 perches bordering Vauxhall Street. The area was the center for reputed international ‘big-businesses from colonial times, such as Aitken Spence, Whittal Boustead, James Finlay. Brooke Bond and Liptons etc. The site is between the Beira Lake of Colombo and the well maintained Town Road – Vauxhall Street. Close by and within walking distance are the prestigious up-end residencies, namely Hyde Park Residencies, Dawson Towers, Empire Residencies, HILTON Residencies,

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  • VAUXHALL STREET PROPERTY 35 Storied 1250 Apartments COLOMBO
  • The Property Total Sq, Ft area 69,088 sq. ft. Buildable area (80% of land) - 55,270 sq. ft. Saleable area (70% of Land) - 48,362 sq. ft. Proposed 35 floors 1,934,450 sq. ft. Saleable area - 1,692,656 sq. ft. This land is being held and possessed by the Developer on a 30-year Lease Agreement with Government. According to the Agreement the lease can be extended to a 99-year Lease Agreement
  • SITE The extent of land is 253 perches bordering Vauxhall Street. The area was the center for reputed international big-businesses from colonial times, such as Aitken Spence, Whittal Boustead, James Finlay. Brooke Bond and Liptons etc. The site is between the Beira Lake of Colombo and the well maintained Town Road Vauxhall Street. Close by and within walking distance are the prestigious up-end residencies, namely Hyde Park Residencies, Dawson Towers, Empire Residencies, HILTON Residencies,
  • Financials Construction Cost 35 floors US$ 100 per sq. ft. for constructing 1,934,450 sq. ft. , is US$ 193,445,000.00 Revenue from 35 floors US$ 250 per sq. ft. from sale of 1,692,656 sq. ft., is US$ 423,164,000 Profitability Total Revenue Less Construction Cost 20% Land cost Gross Profit US$ 423,164,000.00 $ 193,445,000.00 $ 84,632,800.00 (278,077,800.00) US$ 145,086,200.00
  • India and China together with nine other economies which includes Sri Lanka have been identified as Global Growth Generators or 3 G by financial services major Citigroup "We identify the 11 countries which have the most promising growth prospects. Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, Philippines, Sri Lanka and Vietnam are our 3G countries," Citi said in a report.
  • SOLD SOLD Empire Residencies Hyde Park Residencies On320Apartments 30% SOLD (pre-sales) Emperor HILTON Residencies 40% SOLD (pre-sales)
  • SOLD SOLD Empire Residencies Hyde Park Residencies On320Apartments 30% SOLD (pre-sales) Emperor HILTON Residencies 40% SOLD (pre-sales)