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Prerented Properties
Properties/Bhiwandi/Mankoli
Pre-rented warehouse in Mankoli, Bhiwandi, leased to a warehouse tenantPictures are for illustration only
WarehouseAvailable

Warehouse

Mankoli, Bhiwandi · Mumbai-Nashik highway, 2 km in

Basic details

Price
₹20.00 Cr
Rent
₹14.40 L / month
Location
Mankoli, Bhiwandi
Carpet area
62,000 sq ft
Built-up area
77,500 sq ft
Type of property
Warehouse
Avg. rental yield
8.64%
Price per sq ft
₹3,226

Property ID

PR-MMR-W05

Tenant sector

Warehouse

ROI

7.93%

Net ROI

7.82%

Annual rent

₹1.73 Cr

Rent per sq ft

₹23

Financials

Current Net ROI

7.82%

IRR

14.21%

Investment Multiple

2.16x

Total Equity Investment

₹21,80,00,000

Deposit
₹86,40,000
ROI
7.93%
Maintenance
₹7,44,000 / month
Property tax
₹2,40,000 / year
Total outgoing
₹2,40,000 / 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
Warehouse
Lease tenure
10 years
Lock-in period
5 years
Escalation
5% every year
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-11-2023

  2. Lock-in end date

    01-11-2028

  3. Lease end date

    31-10-2033

Monthly rent
₹14,40,000
Monthly outgoing
₹20,000
Ending monthly rent
₹22,33,913
Rent per sq ft
₹23
Price per sq ft
₹3,226
Carpet area
62,000 sq ft

Pricing

Purchase price
₹20,00,00,000
Reg. + stamp duty
₹1,40,00,000
Brokerage charges
₹40,00,000
= Total investment
₹21,80,00,000

ROI model

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

Our checks, already complete

  • Grade-A shed, 10-metre eave, four docks
  • Tenant has already spent on racking; they are not leaving early
  • Clear title, NA, and the latest tax paid

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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