| Description |
Preleased Commercial Building for sale in Shivaji Nagar, strategically located and offering a premium investment opportunity. The asset comprises a total built-up area of 30,114 sq.ft on a land parcel of approx. 6,300 sq.ft, structured as Basement + Ground + 7 floors with a typical floor plate of 2,674 sq.ft (carpet). The building has received OC and is fully ready. The investment opportunity spans 27,707 sq.ft across 11 offices (7 office floors) and 2 retail units. The lease terms include a monthly rent of ₹81 per sq.ft of leasable area, with a 75-day rent-free period, 5% annual escalation, 6 months’ security deposit, 3 years lock-in, and 5 years total lease tenure. The lease commences from 1st November 2024, ensuring stable income with an ROI of 5%. This makes it an excellent long-term asset for investors seeking assured returns in a prime commercial location. |