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Prerented Properties
Properties/Pune/Hinjewadi Phase 2
Pre-rented it park office in Hinjewadi Phase 2, Pune, leased to a it office tenantPictures are for illustration only
IT Park OfficeAvailable

IT Office

Hinjewadi Phase 2, Pune · IT park spine road, mid-rise

Basic details

Price
₹22.50 Cr
Rent
₹16.25 L / month
Location
Hinjewadi Phase 2, Pune
Carpet area
12,400 sq ft
Built-up area
15,500 sq ft
Type of property
IT Park Office
Avg. rental yield
8.67%
Price per sq ft
₹18,145

Property ID

PR-PUN-O02

Tenant sector

IT Office

ROI

7.95%

Net ROI

7.84%

Annual rent

₹1.95 Cr

Rent per sq ft

₹131

Financials

Current Net ROI

7.84%

IRR

14.24%

Investment Multiple

2.16x

Total Equity Investment

₹24,52,50,000

Deposit
₹97,50,000
ROI
7.95%
Maintenance
₹1,48,800 / month
Property tax
₹2,70,000 / year
Total outgoing
₹2,70,000 / 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
IT Office
Lease tenure
10 years
Lock-in period
3 years
Escalation
5% every year
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-09-2023

  2. Lock-in end date

    01-09-2026

  3. Lease end date

    31-08-2033

Monthly rent
₹16,25,000
Monthly outgoing
₹22,500
Ending monthly rent
₹25,20,908
Rent per sq ft
₹131
Price per sq ft
₹18,145
Carpet area
12,400 sq ft

Pricing

Purchase price
₹22,50,00,000
Reg. + stamp duty
₹1,57,50,000
Brokerage charges
₹45,00,000
= Total investment
₹24,52,50,000

ROI model

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

Our checks, already complete

  • Single tenant, single floor, no common-area argument
  • Escalation is annual and already in the registered lease
  • Park has working OC; we have the latest property-tax receipt

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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