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Prerented Properties
Properties/Navi Mumbai/Vashi
Pre-rented bank in Vashi, Navi Mumbai, leased to a bank tenantPictures are for illustration only
BankAvailable

Bank

Vashi, Navi Mumbai · Sector 17, ground floor

Basic details

Price
₹8.60 Cr
Rent
₹4.38 L / month
Location
Vashi, Navi Mumbai
Carpet area
1,640 sq ft
Built-up area
2,050 sq ft
Type of property
Bank
Avg. rental yield
6.11%
Price per sq ft
₹52,439

Property ID

PR-NVI-B10

Tenant sector

Bank

ROI

5.61%

Net ROI

5.50%

Annual rent

₹52.56 L

Rent per sq ft

₹267

Financials

Current Net ROI

5.50%

IRR

10.45%

Investment Multiple

1.97x

Total Equity Investment

₹9,37,40,000

Deposit
₹26,28,000
ROI
5.61%
Maintenance
₹19,700 / month
Property tax
₹1,03,000 / year
Total outgoing
₹1,03,000 / 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
Bank
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

    01-07-2023

  2. Lock-in end date

    01-07-2027

  3. Lease end date

    30-06-2034

Monthly rent
₹4,38,000
Monthly outgoing
₹8,583
Ending monthly rent
₹6,66,143
Rent per sq ft
₹267
Price per sq ft
₹52,439
Carpet area
1,640 sq ft

Pricing

Purchase price
₹8,60,00,000
Reg. + stamp duty
₹60,20,000
Brokerage charges
₹17,20,000
= Total investment
₹9,37,40,000

ROI model

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

Our checks, already complete

  • Sector 17 frontage, walk-in catchment
  • Same tenant family as two other listings; they pay
  • CIDCO leasehold with 60+ years remaining

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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