There is an opportunity to purchase a 22,588 square feet retail space in High Street Miraya Rose, a Grade A project, located in Whitefield, for an all-in cost of Rs. 27,37,00,000 (Rs. 11,059 per sf purchase price).
The listing is a combination of 4 units on the Ground Floor:
1. 11,625 sf leased to electronics retailer Tata Croma on a 15 year lease and 27 months lock-in
2. 6,188 sf leased to omnichannel furniture chain Urban Ladder on a 6 year lease and 24 months lock-in
3. 3,375 sf leased to grocery chain Godrej Nature's Basket on a 10 year lease and 18 months lock-in
4. 1,400 sf leased to omnichannel organic products retailer The Organic World on a 9 year lease and 24 months lock-in
Miraya Rose is a Grade A high-end mixed-use project developed by the UKn group with 82 high-end residential apartments, 32,000 sf of Grade A office and 62,000 sf of retail. The retail portion of the development is leased to marquee retail and F&B tenants like Starbucks, Toni & Guy, Truefitt & Hill, Toscano, Ebony, Daily Sushi, Cold Stone, Cafe Noir, Godrej Nature’s Basket, The Organic World, Tata Croma and Urban Ladder.
All 4 units are located on the ground floor with frontage on the Whitefield Main Road leading to higher footfalls and sales.
Whitefield is the second largest office and residential market in Bangalore with approx. 22 million sf of office stock (20% of total Bangalore market) with offices of major MNCs like Hindustan Unilever, Britannia, Tesco, Capgemini, Accenture, HP, among others.