IT Office

Price

₹12.40 Cr

Rent

₹8.40 L / month

Location

OMR, Tamil Nadu

Carpet area

7,800 sq ft

Built-up area

9,750 sq ft

Type of property

Commercial Office

Avg. rental yield

8.13%

Price per sq ft

₹15,897

Deposit

₹50,40,000

ROI

7.46%

Maintenance

₹93,600 / month

Property tax

₹1,49,000 / year

Total outgoing

₹1,49,000 / year

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

Tenant type

IT Office

Lease tenure

9 years

Lock-in period

3 years

Escalation

5% every year

Property tax paid by

Owner

Purchase price

₹12,40,00,000

+Reg. + stamp duty

₹86,80,000

+Brokerage charges

₹24,80,000

= Total investment

₹13,51,60,000

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

• OMR floor, six and a half years left
• Patta and EC pulled
• Tenant has two other floors in the same park

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.