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Outer Ring Road , Bangalore
7.1%
GROSS RENTAL YIELD
16.3%
ESCALATION
Rs. 13,846
ATTRACTIVE PRICE
ORR
LOCATION
Name
Simeio Solutions
Country
USA
Description
Simeio Solutions is a unique strategic partner offering a comprehensive suite of enterprise Identity and Access Management (IAM) resources designed to provide a fully integrated solution that meets the specific needs of clients. Simeio's services include managed services (both on-premise and remotely managed), business-ready IAM cloud, and professional services that ensure on-target, smooth and cost-effective system design and implementation.
Time Period
Lease Start Date
01 Jan 2017
Lock-in Period
2 YEARS
Lease End Date
01 Jan 2027
Tenant Highlights
1,950 SF
Total Area
₹79
Rent Per SF
9 YEARS
Lease Period
15%
Escalation
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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.
Well laid out floor divisible into 4 separate office with lifts in the middle and bathrooms in the four corners.
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.
Investment Note
Investment Note would be provided on request.
Legal Title Report
Title Report would be available after due diligence is completed.
How much do you want to invest?
Rental Yield
7.1%
Monthly Rent
₹ 1,65,216
Ownership
100%
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