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Outer Ring Road , Bangalore
8.86%
HIGH RENTAL YIELD
17.80%
HIGH RETURNS
Rs 12,500
ATTRACTIVE PRICE
ORR
LOCATION
Name
Aurbis Business Parks
Country
Singapore
Description
Singapore-based Aurbis is a managed offices provider backed by Avila Capital which was founded by the Chairman of Assetz Property Group Singapore.
Time Period
Lease Start Date
01 Oct 2019
Lock-in Period
5 YEARS
Lease End Date
30 Sep 2029
Tenant Highlights
24,392 SF
Total Area
₹86
Rent Per SF
10 YEARS
Lease Period
4.5%
Escalation
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The Pavilion is located on Outer Ring Road, the largest and fastest growing office market in Bangalore. Outer Ring Road is a well developed commercial hub for multi-national companies and is in close proximity to dense residential hubs of Koramangala, Indiranagar, Sarjapur, and HSR Layout.
Proposed units are spread across Ground, 2nd, 4th and 6th floors.
There is an opportunity to purchase 24,392 sf in The Pavilion, Bangalore tenanted to Aurbis Business Parks for an all-in cost of Rs. 33,43,00,000 (Rs. 12,500 per sf) implying a 8.86% yield for pre-book investors and 17.80% IRR.
The Pavilion is a 210,000 sf Grade A office asset on Outer Ring Road, Bangalore leased fully to Aurbis Business Parks with a blue-chip tenant roster including Tata Technologies, Livspace, PhonePe and iQuanti among others. The Pavilion is located on Outer Ring Road, the largest and fastest growing office market in Bangalore. Outer Ring Road is a well developed commercial hub for multi-national companies and is in close proximity to dense residential hubs of Koramangala, Indiranagar, Sarjapur, and HSR Layout.
The entire building has been leased to Singapore-based managed offices player Aurbis Business Parks backed by Avila Capital.
We believe this is a unique opportunity to acquire a leased Grade A asset in Bangalore’s largest and fastest growing micro-market.
Investment Note
Property Share's Detailed Investment Note
Legal Title Report
Detailed Report on the Title diligence of the property by Amarchand Mangaldas
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