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Thane , Mumbai
8.44%
HIGH RENTAL YIELD
15.0%
HIGH RETURNS
Rs 10,000
ATTRACTIVE PRICE
MUMBAI
LOCATION
Name
Tata Motors Finance
Country
India
Description
Leading automotive finance provider for commercial and personal vehicles
Time Period
Lease Start Date
01 Nov 2021
Lock-in Period
3 YEARS
Lease End Date
31 Oct 2026
Tenant Highlights
35,802 SF
Total Area
₹67
Rent Per SF
5 YEARS
Lease Period
15%
Escalation
Name
tata motor2222
Country
IN
Description
Time Period
Lease Start Date
06 Jul 2024
Lock-in Period
0 YEARS
Lease End Date
31 Jan 2025
Tenant Highlights
2,000 SF
Total Area
₹215
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
Test Run 24-10
Country
IN
Description
Time Period
Lease Start Date
01 Jan 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2025
Tenant Highlights
1,000 SF
Total Area
₹125
Rent Per SF
1 YEARS
Lease Period
10%
Escalation
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Thane is strategically located on the Eastern Express Highway and constitutes c. 9% of the overall office absorption in Mumbai. In 2017, TCS set up its largest office in Thane with a capacity of 30,000 employees spanning an area of 3 million sf.
Proposed unit is a portion of the 9th floor totaling 35,802 sf in Wing A
There is a unique opportunity to purchase 35,802 sf in Lodha iThink, Mumbai, tenanted to Tata Motors Finance at an all-in price of Rs. 39,60,00,000 (Rs. 10,000 per sf) implying a 8.44% yield and 15.0% IRR for eligible investors.
Lodha iThink is an 800,000 sf Grade A tech park in Thane with tenants like Future Generali, Willis Towers Watson, Worley Parsons, Tata Capital, Tata Motors Finance, Euronet, among others. Thane is strategically located on the Eastern Express Highway and constitutes c. 9% of the overall office absorption in Mumbai.
We believe this is a unique opportunity to acquire a leased Grade A asset with a 3 year lock-in and a blue chip tenant.
Investment Note
Property Share's Detailed Investment Note
Legal Title Report
Detailed Report on the Title diligence of the property by Amarchand Mangaldas
How much do you want to invest?
Rental Yield
8.4%
Monthly Rent
₹ 15,508
Ownership
0.6%
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