For Lease
Office Space
VAT Included
Asian Market Building — Palm Grove
No. 20, Palm Grove, Colombo 03
4.2 km (11 minutes)
Contact for pricing
+5% annual rent review
Floors
4
Total Area
24,000 sqft
Parking
7 slots
Max Occupants
480 pax
Description
A high-capacity 4-storey commercial space located in the prime outskirts of Colombo 03. Offering 24,000 sq. ft. across four large 6,000 sq. ft. floor plates, this standalone building is ideal for 24/7 operations. Surrounded by luxury residences like Astoria and Crescat, it provides a prestigious corporate address with enterprise-grade VRV cooling and independent utility metering.
Key Features
Standalone building in a prime residential/commercial hub
High occupancy capacity (480+ pax) with no fixed limits
24/7 operation permitted with VRV/Chiller cooling systems
Large 6,000 sq. ft. floor plates across 4 available floors
2-month rent-free grace period for custom fit-out
Building Specifications
- Age of Property
- 11 Year
- Floor-to-Ceiling Height
- 2745 mm (9 feet)
- Working Hours
- 24 Hours (No restrictions)
- Air Conditioning
- VRV / Chillers floor wise | 24-hour operation
- Washrooms per Floor
- 4 washrooms (2 Male, 2 Female)
- Elevator(s)
- 2
- Generator
- Available
- Emergency Exits
- 1
- Fire Safety
- Fire Extinguishers and Fire Hydrant available
- Building Condition
- Standalone building; vacant for a significant period
Connectivity & Pantry
- Pantry
- Provision available on each floor
- Fibre / Internet
- Provision available
Current Fitout
None (Warm shell ready for customization)
Floor Breakdown & Additional Info
Available floors are 2nd, 3rd, 6th, and 7th (each 6,000 sqft). Independent energy and water meters for each floor. Legal background is clear.
Lease Terms
- Min Lease Duration
- Minimum 3 years
- Security Deposit
- 3 months' rent
- Rent Advance
- 3 months' rent
- Annual Rent Increase
- 5%
- VAT
- Included
- Max Occupants
- 480 pax