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Prerented Properties
Properties/Tamil Nadu/Avinashi Road
Pre-rented commercial office in Avinashi Road, Tamil Nadu, leased to a it office tenantPictures are for illustration only
Commercial OfficeAvailable

IT Office

Avinashi Road, Tamil Nadu · Avinashi Road, 2nd floor

Basic details

Price
₹5.40 Cr
Rent
₹3.65 L / month
Location
Avinashi Road, Tamil Nadu
Carpet area
5,400 sq ft
Built-up area
6,750 sq ft
Type of property
Commercial Office
Avg. rental yield
8.11%
Price per sq ft
₹10,000

Property ID

PR-CBE-O36

Tenant sector

IT Office

ROI

7.44%

Net ROI

7.33%

Annual rent

₹43.80 L

Rent per sq ft

₹68

Financials

Current Net ROI

7.33%

IRR

13.68%

Investment Multiple

1.93x

Total Equity Investment

₹5,88,60,000

Deposit
₹21,90,000
ROI
7.44%
Maintenance
₹64,800 / month
Property tax
₹65,000 / year
Total outgoing
₹65,000 / 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
IT Office
Lease tenure
9 years
Lock-in period
3 years
Escalation
5% every year
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-06-2023

  2. Lock-in end date

    01-06-2026

  3. Lease end date

    31-05-2032

Monthly rent
₹3,65,000
Monthly outgoing
₹5,417
Ending monthly rent
₹5,39,271
Rent per sq ft
₹68
Price per sq ft
₹10,000
Carpet area
5,400 sq ft

Pricing

Purchase price
₹5,40,00,000
Reg. + stamp duty
₹37,80,000
Brokerage charges
₹10,80,000
= Total investment
₹5,88,60,000

ROI model

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

Our checks, already complete

  • Avinashi Road, one tenant, six years
  • Patta in order
  • Quiet market, which is why the lease is quiet too

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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