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Prerented Properties
Properties/Pune/Baner
Pre-rented commercial office in Baner, Pune, leased to a it office tenantPictures are for illustration only
Commercial OfficeAvailable

IT Office

Baner, Pune · Baner-Pashan link, 4th floor

Basic details

Price
₹14.20 Cr
Rent
₹9.80 L / month
Location
Baner, Pune
Carpet area
7,200 sq ft
Built-up area
9,000 sq ft
Type of property
Commercial Office
Avg. rental yield
8.28%
Price per sq ft
₹19,722

Property ID

PR-PUN-O11

Tenant sector

IT Office

ROI

7.60%

Net ROI

7.49%

Annual rent

₹1.18 Cr

Rent per sq ft

₹136

Financials

Current Net ROI

7.49%

IRR

13.86%

Investment Multiple

1.95x

Total Equity Investment

₹15,47,80,000

Deposit
₹58,80,000
ROI
7.60%
Maintenance
₹86,400 / month
Property tax
₹1,70,000 / year
Total outgoing
₹1,70,000 / 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
9 years
Lock-in period
3 years
Escalation
5% every year
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-06-2023

  2. Lock-in end date

    01-06-2026

  3. Lease end date

    31-05-2032

Monthly rent
₹9,80,000
Monthly outgoing
₹14,167
Ending monthly rent
₹14,47,906
Rent per sq ft
₹136
Price per sq ft
₹19,722
Carpet area
7,200 sq ft

Pricing

Purchase price
₹14,20,00,000
Reg. + stamp duty
₹99,40,000
Brokerage charges
₹28,40,000
= Total investment
₹15,47,80,000

ROI model

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

Our checks, already complete

  • Tenant has a parent-company guarantee on the rent
  • Cam and parking billed separately, so the yield is the yield
  • Building completed 2019, OC in hand

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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