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Prerented Properties
Properties/Ahmedabad/SG Highway
Pre-rented showroom in SG Highway, Ahmedabad, leased to a showroom tenantPictures are for illustration only
ShowroomAvailable

Showroom

SG Highway, Ahmedabad · SG Highway, ground + first

Basic details

Price
₹13.50 Cr
Rent
₹7.80 L / month
Location
SG Highway, Ahmedabad
Carpet area
9,200 sq ft
Built-up area
11,500 sq ft
Type of property
Showroom
Avg. rental yield
6.93%
Price per sq ft
₹14,674

Property ID

PR-AMD-H26

Tenant sector

Showroom

ROI

6.36%

Net ROI

6.25%

Annual rent

₹93.60 L

Rent per sq ft

₹85

Financials

Current Net ROI

6.25%

IRR

12.39%

Investment Multiple

2.19x

Total Equity Investment

₹14,71,50,000

Deposit
₹46,80,000
ROI
6.36%
Maintenance
₹1,10,400 / month
Property tax
₹1,62,000 / year
Total outgoing
₹1,62,000 / year

IRR and multiple assume a sale at lease end at the yield you buy at. Figures are gross of income tax.

Lease agreement and tenancy

Tenant type
Showroom
Lease tenure
11 years
Lock-in period
5 years
Escalation
5% every year
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-06-2023

  2. Lock-in end date

    01-06-2028

  3. Lease end date

    31-05-2034

Monthly rent
₹7,80,000
Monthly outgoing
₹13,500
Ending monthly rent
₹12,70,538
Rent per sq ft
₹85
Price per sq ft
₹14,674
Carpet area
9,200 sq ft

Pricing

Purchase price
₹13,50,00,000
Reg. + stamp duty
₹94,50,000
Brokerage charges
₹27,00,000
= Total investment
₹14,71,50,000

ROI model

A year-by-year model of rent, escalations and returns for this property.

Our checks, already complete

  • 40-foot frontage on SG Highway
  • Dealer has already put in the floor and lights
  • NA, title and tax are clean

The exact address, the tenant’s legal name and the registered lease follow the first call. Owners prefer it that way, and so would you, in their place.

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