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Prerented Properties
Properties/Mumbai/Lower Parel
Pre-rented shop in mall in Lower Parel, Mumbai, leased to a shop in mall tenantPictures are for illustration only
Shop in MallAvailable

Shop in Mall

Lower Parel, Mumbai · Palladium / High Street Phoenix, first floor

Basic details

Price
₹11.60 Cr
Rent
₹6.40 L / month
Location
Lower Parel, Mumbai
Carpet area
980 sq ft
Built-up area
1,220 sq ft
Type of property
Shop in Mall
Avg. rental yield
6.62%
Price per sq ft
₹1,18,367

Property ID

PR-MUM-M54

Tenant sector

Shop in Mall

ROI

6.07%

Net ROI

5.96%

Annual rent

₹76.80 L

Rent per sq ft

₹653

Financials

Current Net ROI

5.96%

IRR

12.10%

Investment Multiple

1.83x

Total Equity Investment

₹12,64,40,000

Deposit
₹38,40,000
ROI
6.07%
Maintenance
₹11,800 / month
Property tax
₹1,39,000 / year
Total outgoing
₹1,39,000 / 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
Shop in Mall
Lease tenure
9 years
Lock-in period
3 years
Escalation
5% every year
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-02-2023

  2. Lock-in end date

    01-02-2026

  3. Lease end date

    31-01-2032

Monthly rent
₹6,40,000
Monthly outgoing
₹11,583
Ending monthly rent
₹9,45,571
Rent per sq ft
₹653
Price per sq ft
₹1,18,367
Carpet area
980 sq ft

Pricing

Purchase price
₹11,60,00,000
Reg. + stamp duty
₹81,20,000
Brokerage charges
₹23,20,000
= Total investment
₹12,64,40,000

ROI model

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

Our checks, already complete

  • Mall unit with a national fashion tenant
  • CAM is extra; yield is on base rent
  • Assignment of the mall lease is what you are buying; we will show the clause

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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