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Prerented Properties
Properties/Thane/Thane West
Pre-rented bank in Thane West, Thane, leased to a bank tenantPictures are for illustration only
BankAvailable

Bank

Thane West, Thane · Ghodbunder Road, ground floor

Basic details

Price
₹11.20 Cr
Rent
₹5.20 L / month
Location
Thane West, Thane
Carpet area
2,100 sq ft
Built-up area
2,620 sq ft
Type of property
Bank
Avg. rental yield
5.57%
Price per sq ft
₹53,333

Property ID

PR-THN-B09

Tenant sector

Bank

ROI

5.11%

Net ROI

5.00%

Annual rent

₹62.40 L

Rent per sq ft

₹248

Financials

Current Net ROI

5.00%

IRR

9.50%

Investment Multiple

2.00x

Total Equity Investment

₹12,20,80,000

Deposit
₹31,20,000
ROI
5.11%
Maintenance
₹25,200 / month
Property tax
₹1,34,000 / year
Total outgoing
₹1,34,000 / 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
12 years
Lock-in period
5 years
Escalation
15% every 3 years
Property tax paid by
Owner

Lease timeline

  1. Lease start date

    01-10-2023

  2. Lock-in end date

    01-10-2028

  3. Lease end date

    30-09-2035

Monthly rent
₹5,20,000
Monthly outgoing
₹11,167
Ending monthly rent
₹7,90,855
Rent per sq ft
₹248
Price per sq ft
₹53,333
Carpet area
2,100 sq ft

Pricing

Purchase price
₹11,20,00,000
Reg. + stamp duty
₹78,40,000
Brokerage charges
₹22,40,000
= Total investment
₹12,20,80,000

ROI model

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

Our checks, already complete

  • ATM and branch on the same lease
  • Nine years left; this is the kind of paper banks sign
  • Closed a similar Thane branch last year in 41 days

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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