1 / 6

Shops/Office Space available at Castle Street, Col - 08

Castle Street, Colombo 8, Colombo 8

1 views this week

LKR 475,000

Commercial

Rent

3 bath

RENT / LEASE OF GROUND FLOOR – 182/1, CASTLE STREET, COLOMBO – 08 DETAILS OF THE PREMISES • Assessment no 182/1, Castle Street, Colombo – 08. Approximate sqft area of 1,650 • 1 no parking space from the vertical parking space availability for 3 vehicles (Shared) • 3 no parking spaces in front of the premises after 10.00 am. • Ample parking near the FAB (Sarasavi Lane) upon paying CMC charges – 75 Meters away. Can obtain a slot permanently – Approx. Cost LKR 8,500/- per month • 3 phase electricity with Surge Protection – Separate bill from CEB • Fully air-conditioned. Split type individual Non-inverter Brand new a/c units • Wall to wall Carpeting (to be done). Vinyl flooring can be provided at an additional cost. • 3 modern toilets + 1 common Driver’s toilet. • 40 ft main road frontage with tempered glass partitioning. • 3 no manual roll-a-doors for additional security • General CCTV operation by the building management of the common areas including the road frontage and the Parking. • Basic Lighting – Client needs to do the power wiring without disrupting the existing power arrangement. Conditions • Rent – LKR 275/- per sqft per month paid in advance every month upon invoicing. (negotiable) + WHT • Minimum rent period 24 Months - maximum 60 Months (Extendable) • 6 months non-interest-bearing refundable deposit to be returned at the end of the Lease period after recovering damages and unpaid utility bills • Consumption of water will be billed based on sqft area used by the lessor separately. • Annual rent increase of 10% • Notice of termination – Three (03) months by either party • Servicing of A/C units is to be done every 4 months by the lessee by the agreed service provider. • Agreement signing - Stamp duty to be borne by the Lessee and the Legal fees will be borne by the Lessor • Publishing of name boards/Banners/pennants/Etc. is permitted in the allotted area of the building by the lessee provided that the cost of such and the applicable local authority approvals and charges are obtained/borne by the lessee. • Up to LKR 25,000/- repairs to be borne by the lessee. • cannot sublet the premises or part of it without the express approval of the lessor. • Lessor will insure the building and the A/C units for Fire, Lightening and theft and the lessee should insure all its fixtures & Fittings, Electrical items of value, stocks and other applicable items. • An interest of AWPLR +4% will be charged on any rents in arrears more than 14 days from the day it’s due.