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Outer Ring Road , Bangalore
7.2%
HIGH RENTAL YIELD
15%
ESCALATION
₹ 10,865
ATTRACTIVE PRICE
IT Corridor
LOCATION
Name
Page Industries
Country
India
Description
Exclusive licensee of JOCKEY International Inc. (USA) and Speedo International for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal and the UAE
Time Period
Lease Start Date
01 Jan 2017
Lock-in Period
YEARS
Lease End Date
31 Dec 2025
Tenant Highlights
5,200 SF
Total Area
₹62
Rent Per SF
9 YEARS
Lease Period
15%
Escalation
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Sarjapur ORR is the largest office market in Bangalore (40 million sf, 35% 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 5,200 square feet commercial office space in Umiya Business Bay II within the Cessna Business Park on Sarjapur Outer Ring Road, Bangalore for an all-in cost of Rs. 5,65,00,000 (Rs. 10,865 per sf).
Umiya Business Bay is an office development comprising two towers - Business Bay 1 and Business Bay 2. Business Bay 1 was completed in 2014 and is currently 100% leased to blue chip tenants like AT&T, Ericsson, Page Industries and Amazon. Business Bay 2 has just received the Occupation Certifcate and is 90% leased.
Sarjapur ORR is the single largest office market in India with 40 million sf of office space in a 4 km stretch with headquarters of CISCO, Goldman Sachs, HSBC, Northern Trust, GE Honeywell, SONY, LG, InMobi, Flipkart among others. There is currently only two other projects with potential supply - Embassy Tech Village and RMZ Ecoworld most of which has already been pre-leased.
Rents on Sarjapur ORR have increased at a CAGR of 10% over the last 9 years from Rs. 30 per square foot to Rs. 65 per square foot.
At the price negotiated by Property Share, the gross rental yield works out to 8.2% 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
7.2%
Monthly Rent
₹ 2,74,894
Ownership
100%
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