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Prerented Properties
Properties/Mumbai/Bandra-Kurla Complex
Pre-rented office floor in Bandra-Kurla Complex, Mumbai, leased to a corporate office tenantPictures are for illustration only
Office FloorAvailable

Corporate Office

Bandra-Kurla Complex, Mumbai · G Block, mid-rise

Basic details

Price
₹48.00 Cr
Rent
₹29.60 L / month
Location
Bandra-Kurla Complex, Mumbai
Carpet area
9,800 sq ft
Built-up area
12,250 sq ft
Type of property
Office Floor
Avg. rental yield
7.40%
Price per sq ft
₹48,980

Property ID

PR-MUM-O06

Tenant sector

Corporate Office

ROI

6.79%

Net ROI

6.68%

Annual rent

₹3.55 Cr

Rent per sq ft

₹302

Financials

Current Net ROI

6.68%

IRR

11.78%

Investment Multiple

2.10x

Total Equity Investment

₹52,32,00,000

Deposit
₹1,77,60,000
ROI
6.79%
Maintenance
₹1,17,600 / month
Property tax
₹5,76,000 / year
Total outgoing
₹5,76,000 / 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
Corporate Office
Lease tenure
11 years
Lock-in period
4 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

    01-08-2027

  3. Lease end date

    31-07-2034

Monthly rent
₹29,60,000
Monthly outgoing
₹48,000
Ending monthly rent
₹45,01,790
Rent per sq ft
₹302
Price per sq ft
₹48,980
Carpet area
9,800 sq ft

Pricing

Purchase price
₹48,00,00,000
Reg. + stamp duty
₹3,36,00,000
Brokerage charges
₹96,00,000
= Total investment
₹52,32,00,000

ROI model

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

Our checks, already complete

  • BKC floor with a tenant whose rent has never bounced
  • Car parks are in the same deed, not a side letter
  • Building has a current OC; we will show it on the call

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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