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Bank

Preleased

₹ 16.00 Cr

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Delhi, Connaught Place

Carpet Area: 840 sq. ft.

Built-up: 1,400 sq. ft.

This commercial property is situated in Connaught Place, Delhi. The property is leased out to a well renowned Indian Bank and generates a monthly rent... view more

Earn monthly rental income of ₹ 6,25,000

Your Purchase price

₹ 16.00 Cr

Avg. Rental Yield

5.43%

Price per sq. ft.

₹ 1,90,476

Lease Details

Pricing

Financials

Lease details

The tenant is an Indian scheduled commercial bank that was founded as vehicle finance company AU Financiers Ltd in 1996 and converted to a small finance bank on 19 April 2017.

Tenant Background

Indian Bank

Lease tenure

9 years

Lockin Period

0 years

Rent Escalation

15% every 3 years

Lease Timeline

Lease Start Date

June 2022

Lockin End Date

June 2022

Lease End Date

June 2031

Current monthly rent₹ 6,25,000

Rent after escalation₹ 7,18,750

Monthly rent details

You will earn a monthly rental income of ₹ 6,25,000. The rent will escalate by 15% every 3 years. The rent per sqft paid by the tenant is ₹ 446/sqft.

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₹ 16.00 Cr

Bank | Preleased