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Prerented Properties
Properties/Gujarat/Ring Road
Pre-rented high-street retail in Ring Road, Gujarat, leased to a showroom tenantPictures are for illustration only
High-Street RetailAvailable

Showroom

Ring Road, Gujarat · Ring Road, ground floor

Basic details

Price
₹6.80 Cr
Rent
₹4.10 L / month
Location
Ring Road, Gujarat
Carpet area
2,100 sq ft
Built-up area
2,620 sq ft
Type of property
High-Street Retail
Avg. rental yield
7.24%
Price per sq ft
₹32,381

Property ID

PR-SUR-S35

Tenant sector

Showroom

ROI

6.64%

Net ROI

6.53%

Annual rent

₹49.20 L

Rent per sq ft

₹195

Financials

Current Net ROI

6.53%

IRR

12.72%

Investment Multiple

2.04x

Total Equity Investment

₹7,41,20,000

Deposit
₹24,60,000
ROI
6.64%
Maintenance
₹25,200 / month
Property tax
₹82,000 / year
Total outgoing
₹82,000 / 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
Showroom
Lease tenure
10 years
Lock-in period
4 years
Escalation
5% every year
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-06-2023

  2. Lock-in end date

    01-06-2027

  3. Lease end date

    31-05-2033

Monthly rent
₹4,10,000
Monthly outgoing
₹6,833
Ending monthly rent
₹6,36,045
Rent per sq ft
₹195
Price per sq ft
₹32,381
Carpet area
2,100 sq ft

Pricing

Purchase price
₹6,80,00,000
Reg. + stamp duty
₹47,60,000
Brokerage charges
₹13,60,000
= Total investment
₹7,41,20,000

ROI model

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

Our checks, already complete

  • Ring Road electronics, seven years left
  • Freehold
  • Tenant has 40+ stores; they do not miss rent

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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