Pre-Leased Commercial Property in Santacruz (W), Mumbai
Property Overview:
Location: Linking Road, Santacruz (W), Mumbai
Type: Commercial, Retail
Structure: LG+G+15
Developer: Reputed Grade A Developer
Lease Details:
Lease Type: Leave & License
Lease Period: 5 years + 4 years
Lock-in Period: 3 years
Rent Escalation: 5% Annually
Monthly Rent: ₹4,92,020
Annual Rent: ₹59,04,240
Financials:
Area: 1348 sq. ft.
Total Sale Price: ₹9,70,56,000
Return on Investment (ROI):
The first-year ROI for this property is approximately 6.08%.
Considerations:
Rent Escalation:Annual 5% increase in rent enhances income stability and growth.
Lock-in Period: Provides assurance of rental income stability for the initial 3 years.
Market Conditions: Potential for property appreciation and sustained rental demand in prime Mumbai location.
Conclusion:
This pre-leased commercial property in Santacruz, Mumbai, offers a first-year ROI of approximately 6.08%. It represents a solid investment opportunity with favorable lease terms and potential for long-term growth.
Contact:
Vishal Ojha - 9820056180
Comments