Prime 95-Perch Commercial Development Site – Central Colombo [LS 04]

A rare opportunity to acquire a substantial approximately 95-perch commercial property on Olcott Mawatha, strategically positioned within close proximity to the heart of Colombo’s commercial district. With extensive road frontage, access from two roads and a sizeable existing building, the property offers considerable potential for commercial, mixed-use, institutional or redevelopment purposes, subject to relevant approvals.

The property enjoys approximately 50 feet of frontage onto Olcott Mawatha and an exceptional 200 feet of frontage onto a secondary access road, providing excellent accessibility and flexibility for future development. Olcott Mawatha is approximately 70 feet wide, while the secondary access road is approximately 40 feet wide.

Its central location is a key advantage, situated approximately 1.5 km from Lake House Junction, the World Trade Centre and Chatham Street, and approximately 2 km from Port City, Galle Road and the Presidential Secretariat.

An existing approximately 16,000 sq. ft. two-storey building occupies the site, providing potential for continued commercial use, refurbishment or redevelopment depending on the purchaser’s requirements.

Features
– Approx. 95 perches of land.
– Prominent location on Olcott Mawatha, Central Colombo.
– Access and frontage from two roads.
– Approximately 50 ft frontage onto Olcott Mawatha.
– Approximately 200 ft frontage onto the secondary access road.
– Main road approximately 70 ft wide.
– Secondary access road approximately 40 ft wide.
– Existing approximately 16,000 sq. ft., two-storey building.
– Approximately 1.5 km from Colombo Fort / World Trade Centre area.
– Approximately 2 km from Port City and Galle Face area.
– Excellent potential for a large-scale commercial or mixed-use development, subject to approvals.

Viewing & Sale
– Price negotiable upon inspection.
– Inspections can be arranged with prior notice.
– Direct buyers welcome. No agents, please.

Disclaimer
All information contained in this advertisement has been provided and/or approved by the property owner and is published in good faith. Straight Sale (Pvt) Ltd does not warrant the accuracy or completeness of such information and shall not be held liable for any errors, omissions, or discrepancies. Prospective buyers are responsible for independently verifying all property details, measurements, ownership, title, approvals, specifications, and other relevant information and for carrying out their own due diligence prior to entering into any transaction.