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Bank

Preleased

₹ 14.50 Cr

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Mumbai, Borivali West

Carpet Area: 1,904 sq. ft.

This commercial property is situated in Borivali West, Mumbai. The property is leased out to a well renowned Nationalize Bank and generates a monthly ... view more

Earn monthly rental income of ₹ 5,25,000

Your Purchase price

₹ 14.50 Cr

Avg. Rental Yield

4.67%

Price per sq. ft.

₹ 76,155

Lease Details

Pricing

Financials

Lease details

It is a major Indian nationalized bank. It is under the ownership of Ministry of Finance, Government of India based in Tamilnadu, India, with about 3,400 domestic branches, about 6 foreign branches and representative office.

Tenant Background

Nationalize Bank

Lease tenure

10 years

Lockin Period

3 years

Rent Escalation

15% every 5 years

Lease Timeline

Lease Start Date

March 2022

Lockin End Date

March 2025

Lease End Date

March 2032

Current monthly rent₹ 5,25,000

Rent after escalation₹ 6,03,750

Monthly rent details

You will earn a monthly rental income of ₹ 5,25,000. The rent will escalate by 15% every 5 years.

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₹ 14.50 Cr

Bank | Preleased