Preleased
Bank in Noida
Preleased Bank in Sector 132, Noida
Bank
Preleased

₹ 5.60 Cr

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Noida, Sector 132

Carpet Area: 3,048 sq. ft.
Built-up: 5,080 sq. ft.

This commercial property is situated in Sector 132, Noida. The property is leased out to a well renowned Bank and generates a monthly rental income of... view more

Earn monthly rental income of ₹ 2,80,000
Your Purchase price
₹ 5.60 Cr

Avg. Rental Yield

7.22%

Price per sq. ft.

₹ 18,373

Building information

Express Trade Tower is an IT/ITeS building in Sector 132, Greater Noida. Metro connectivity is approx. 9 km away via Botanical Garden Metro Station. There are 5-star hotels as well as malls and hospitals within an 8-10 km radius and good connectivity by road and metro to all the major micro-markets of Delhi NCR.

Lease details

Tenant is a leading up and coming private bank. It once used to focus on infra and corporate lending but has recently shifted its focus to retail customers due to a post merger shift in corporate strategy.

Tenant Background

Bank
Lease tenure

9 years
Lockin Period

0 years

Rent Escalation

15% every 3 years
Lease Timeline
₹ 2,80,000
₹ 3,22,000

You will earn a monthly rental income of ₹ 2,80,000. The rent will escalate by 15% every 3 years. The rent per sqft paid by the tenant is ₹ 55/sqft.

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₹ 5.60 Cr
Bank | Preleased