Umiya Business Bay

Investment Highlights

7.1%

GROSS RENTAL YIELD

16.3%

ESCALATION

Rs. 13,846

ATTRACTIVE PRICE

ORR

LOCATION

Tenant Details

Name

Simio Solutions

Country

USA

Description:

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Time Period:

Lease Start Date

1 Jan 2017

Locked in Period

2 Years

Lease End Date

1 Jan 2017

Tenant Highlights:

1950 SF

Total Area

Rs.79

Rent per SF

9 Years

Lease Required

15%

Escalation

Property Pricing

₹ 2,70,00,000

Location Highlights

Sarjapur ORR is the largest office market in Bangalore (47% of total Bangalore market) with offices of JP Morgan, CISCO, Accenture, Cognizant, Wipro, Oracle, Intel, Honeywell, SAP, HSBC, KPMG, ADOBE, Sony, Goldman Sachs, Flipkart  among others.

 

Location Highlights

Investment Overview

There is an opportunity to purchase a 1,950 square feet commercial office space in Umiya Business Bay within the Cessna Business Park on Sarjapur Outer Ring Road, Bangalore for an all-in cost of Rs. 2,70,00,000 (Rs. 13,846 per sf).

Outer Ring Road is the largest office market in Bangalore with low vancacy of 1% and 47% of Bangalore’s office stock having headquarters of tenants like Microsoft, Goldman Sachs, JP Morgan, Northern Trust, Cisco, Oracle, Wells Fargo and Linkedin among others

Rents on Sarjapur ORR have increased at a CAGR of c. 9.4% over the last 7.

At the price being offered, the gross rental yield works out to 7.1% with 15% escalation every 3 years.

Reports

Investment Note

Investment Note would be provided on request.

Legal Title Report

Title Report would be available after due diligence is completed.

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%
Funds Raised
  • $45,208.00Pledged
  • $87,000.00Goal
  • 1Backers
This campaign is expired

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