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Prerented Properties
Properties/Mumbai/Chembur
Pre-rented high-street retail in Chembur, Mumbai, leased to a pharmacy / medical store tenantPictures are for illustration only
High-Street RetailAvailable

Pharmacy / Medical Store

Chembur, Mumbai · Dr. C.G. Road, ground floor

Basic details

Price
₹8.40 Cr
Rent
₹4.10 L / month
Location
Chembur, Mumbai
Carpet area
980 sq ft
Built-up area
1,220 sq ft
Type of property
High-Street Retail
Avg. rental yield
5.86%
Price per sq ft
₹85,714

Property ID

PR-MUM-S04

Tenant sector

Pharmacy / Medical Store

ROI

5.37%

Net ROI

5.26%

Annual rent

₹49.20 L

Rent per sq ft

₹418

Financials

Current Net ROI

5.26%

IRR

10.70%

Investment Multiple

1.87x

Total Equity Investment

₹9,15,60,000

Deposit
₹24,60,000
ROI
5.37%
Maintenance
₹11,800 / month
Property tax
₹1,01,000 / year
Total outgoing
₹1,01,000 / 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
Pharmacy / Medical Store
Lease tenure
10 years
Lock-in period
4 years
Escalation
15% every 3 years
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-06-2023

  2. Lock-in end date

    01-06-2027

  3. Lease end date

    31-05-2033

Monthly rent
₹4,10,000
Monthly outgoing
₹8,417
Ending monthly rent
₹6,23,559
Rent per sq ft
₹418
Price per sq ft
₹85,714
Carpet area
980 sq ft

Pricing

Purchase price
₹8,40,00,000
Reg. + stamp duty
₹58,80,000
Brokerage charges
₹16,80,000
= Total investment
₹9,15,60,000

ROI model

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

Our checks, already complete

  • 22-foot frontage on a road that does not go quiet at 8 pm
  • Pharmacy leases are dull, which is the point
  • Society NOC for commercial use is on file

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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