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Prerented Properties
Properties/Kolkata/Park Street
Pre-rented high-street retail in Park Street, Kolkata, leased to a cafe tenantPictures are for illustration only
High-Street RetailAvailable

Cafe

Park Street, Kolkata · Park Street, first floor

Basic details

Price
₹7.40 Cr
Rent
₹3.65 L / month
Location
Park Street, Kolkata
Carpet area
1,850 sq ft
Built-up area
2,310 sq ft
Type of property
High-Street Retail
Avg. rental yield
5.92%
Price per sq ft
₹40,000

Property ID

PR-KOL-S25

Tenant sector

Cafe

ROI

5.43%

Net ROI

5.32%

Annual rent

₹43.80 L

Rent per sq ft

₹197

Financials

Current Net ROI

5.32%

IRR

9.35%

Investment Multiple

1.61x

Total Equity Investment

₹8,06,60,000

Deposit
₹21,90,000
ROI
5.43%
Maintenance
₹22,200 / month
Property tax
₹89,000 / year
Total outgoing
₹89,000 / 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
Cafe
Lease tenure
9 years
Lock-in period
3 years
Escalation
15% every 3 years
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-08-2023

  2. Lock-in end date

    01-08-2026

  3. Lease end date

    31-07-2032

Monthly rent
₹3,65,000
Monthly outgoing
₹7,417
Ending monthly rent
₹4,82,712
Rent per sq ft
₹197
Price per sq ft
₹40,000
Carpet area
1,850 sq ft

Pricing

Purchase price
₹7,40,00,000
Reg. + stamp duty
₹51,80,000
Brokerage charges
₹14,80,000
= Total investment
₹8,06,60,000

ROI model

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

Our checks, already complete

  • Park Street, first floor, national tenant
  • Freehold; we have the mother deed chain
  • Fire NOC current

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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