Independent Preleased Building for Sale in Mumbai. Area: Apprx. 83,000 sq.ft. usable carpet Annual Rent: ₹12.40 cr. Expected Price: ₹133 cr.

1. Investment Opportunity
Preleased Independent Building
Location: Andheri E
City: Mumbai

2. Actual Pictures

3. Property Synopsis
• Land Area: 4,053 sq.mtrs
• Land Lease Tenure: Till 2076
• Total Development: Apprx. 83,000 sq.ft. usable carpet
86,565 sq.ft. built up | 1,27,000 sq. ft. leasable area
• Floorplate: 10,500 | 7000 sq.ft. usable carpet
• Building Structure: 2 Basements + Ground + 8 office floors + Terrace
• Age of Building: 14 years
• Use: IT / ITES
• 126 Car Parks
• Grand Entrance Lobby
• 100% Power Back Up
• Building Architect: Hafeez Contractor

4. Commercial Terms
 Occupiers: Multi Tenanted
 Avg. Tenure: 5 years
 Gross Annual Rent: ₹12.40 cr.
 Int. on SD: ₹39 Lacs
 Annual Outgoings: ₹1.88 Cr.
 Security Deposit: ₹5.62 cr.
 Quoted Price: ₹133 crs.
 Rate: ₹16,024 on usable carpet
 SPV Takeover

5. Salient Features
Independent Building: Well maintained Independent Land + Building
Rare Opportunity: Limited supply of Preleased Independent Land + Building in Mumbai
Price and Rental Trends: There is an upward trend in rentals and prices in Andheri E. Other assets in
the vicinity of the building are in the range of ₹25,000 - 45,000 psf. on carpet.
Grade A Occupants: Stable tenants paying one of the lowest rentals in this asset ₹125 psf. including
CAM on usable carpet i.e.81 psf. on leasable area(65% efficiency). Avg. market rentals of comparable
buildings are in the range of ₹110 – 135psf. on leasable area.
Capital Growth: This asset has potential to give high rental returns in future along with capital
growth.
Future FSI Benefit: Higher FSI benefits as per revised DCR 2034
Connectivity & Infrastructure Development:
-> Upcoming Seepz – Colaba Metro Line
-> Upcoming Vikhroli – Andheri Metro Line
-> Electric AC Bus Services from Seepz to Andheri Railway Stations
 Existing Ghatkopar – Andheri Metro Line
 Existing Andheri – Dahisar Metro Line

6. Floor Plan

7. Location Map

8. Mumbai Metro Network Map

9. Projected Rental Growth
80
140
0
20
40
60
80
100
120
140
160
2023 2033
Net Rent Psf. on leasable
Net Rent Psf. Linear (Net Rent Psf.)
Current Rentals in Other Buildings
• Kanakia Wallstreet: ₹140 – 150 psf.
• Opus Prime: ₹110 psf.
• R Square: ₹180 – 190 psf.
• Solitaire: ₹130 – 140 psf.
• Time Square: ₹140 – 150 psf.
• Logitech Park: ₹160 – 170 psf.

10. Projected Capital Appreciation
16000
34000
0
5000
10000
15000
20000
25000
30000
35000
40000
2023 2033
Capital Growth
Capital Growth Linear (Capital Growth)
47.52
271
0
50
100
150
200
250
300
Equity - 2023 Price - 2033
Return On Equity - cr.
Return On Equity - cr.
Linear (Return On Equity - cr.)

11. IRR Comparison
6.00%
8.00%
16.00%
14.00%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%
20.00%
Bank FD's Residential RE Commercial RE Equity
IRR Comparitive Risk
Low
Low
Medium
High

12. Why Invest In Preleased Commercial Assets
 Higher return on investment compared to other low risk investment options like Bank FD’s, Govt. Bonds –
Avg. 6.5 to 7.5% net pa.
 High Return on Equity – 6 times in 10 years
 High IRR – 16 % in 10 years
 Leverage upto 50-60% of property value at lowest interest rates
 Tax Efficient ROI can be planned
 Grade A properties
 Grade A occupants
 Grade A locations
 Long term agreements
 Capital growth opportunities
 Low risk investment as it is secured by underlying asset & registered Leave N License / Lease agreements

13. Contact
Us
9769345598 | 9820085703
leasing@officeoptions.in
investments@officeoptions.in
investments@preleasedoffice.com
OfficeOptions OfficeOptions