Electronic City commercial building for sale
land area - 54500 Sqft
existing leased area - 109000 sqft
Current rent - 7 cr + 1 cr cam margin [ total 2 cr cam collection ] plus gst .
New block :
Plan sanction sent for approval
built up area - 45000 sqft
(+) 18000 sqft parking , basic loading , balcony.
Future Additional rent - 4 cr incl new rent and cam margin , parking etc
Total rent - 12 Cr
Single Owner : SPV holding -
Hdfc bank LRD of 55 cr
Single Tenant for both building
Lease start date - 2019- valid till 2024 and extendable till 2029 - tenant renewing
Renewed Lease - 9 yrs
Lock in - 4 yrs
Deposit - 3.7 cr existing and 1.8 expected for new.
Tenant name -Merck pharma
Price - 130cr. Slightly
More Details buyer profile must
Code 516
