Prius Towers

Prius Towers

Address :

Monthy Rent

45,00,000

Monthy Rent

₹ 6,72,015

Ownership

100%

Investment Highlights

7402

ATTRACTIVE PRICE

6.5%

RENTAL YIELD

6%

YEARLY ESCLATION

WHITEFIELD

ATTRACTIVE PRICE

 Day 0Day 1Day 2Day 3Day 4Day 6
Investment(₹12,93,00,000)
Lease deposit52,56,000
Rents80,64,18285,48,03390,60,91596,04,5701,01,80,844
Sale Value21,86,07,911
Total(₹12,40,44,000) ₹80,64,182₹85,48,033₹90,60,915₹96,04,570 ₹22,87,88,755

Tenant Details

Name

Standard Charted

Country

India
Description-

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Time Period-

Lease Start Date

01-march-2020

Lock In Period

0 Years

Lease End Date

28-feb-2023

Tencent Highlight-
17468

Total Area

Rs. 37

Rent Per SF

5 Years

Lease Period

5%

Escalation

Property Pricing

₹ 12,40,44,000

₹ 52,56,000

Location Highlights

Whitefield is the 2rd largest office market in Bangalore with approx. 22 million sf of office stock (20% of total Bangalore market) with offices of TESCO, GE, TCS and Accenture, among others

Floor Plan

Well laid out floor divisible into 4 separate office with lifts in the middle and bathrooms in the four corners

Investment Overview

There is an opportunity to purchase 52,277 sf in The Pavilion on Outer Ring Road, Bangalore tenanted to Singapore-based Aurbis Business Parks for an all-in cost of Rs. 69,90,00,000 (Rs. 12,338 per sf) implying a 9.14% yield and 18% IRR for Pre-book investors. The Pavilion is a newly-built 210,000 sf Grade A office asset on Outer Ring Road, Bangalore fully leased to Aurbis Business Parks with a 5-year lock-in. Aurbis has in-turn leased to blue-chip tenants including Tata Technologies, eBay, Livspace

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Key Updates

08-Dec-2020

Listing Live

Reports

Investment Note

Investment Note would be provided on request

Legal Title Report
 

Title Report would be provided on request