• The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
  • The Pavilion I
PER SQUARE FEET
  • 37
  • 5 year lock-in 5 year lock-in
  • Grade A Tenant Grade A Tenant
29,185 SF
Outer Ring Road, bangalore
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 90%
  • 45
Of ₹ 40,00,00,000 Property Value
  • There is an opportunity to purchase 29,185 sf in The Pavilion, Bangalore tenanted to Aurbis Business Parks for an all-in cost of Rs. 40,00,00,000 (Rs. 12,500 per sf) implying a 9.36% yield for existing investors and 17.93% IRR.

    The Pavilion is a 284,536 sf Grade A office asset on Outer Ring Road, Bangalore leased fully to Aurbis Business Parks with a blue-chip tenant roster including Tata Technologies, Moody’s, Livspace, PhonePe and iQuanti among others. The Pavilion is located on Outer Ring Road, the largest and fastest growing office market in Bangalore. Outer Ring Road is a well developed commercial hub for multi-national companies and is in close proximity to dense residential hubs of Koramangala, Indiranagar, Sarjapur, and HSR Layout.

    The entire building has been leased to Singapore-based managed offices player Aurbis Business Parks backed by Avila Capital.

    We believe this is a unique opportunity to acquire a leased Grade A asset in Bangalore’s largest and fastest growing micro-market.

    • HIGH RENTAL YIELD on All-in Price
    • HIGH RETURNS IRR
    • ATTRACTIVE PRICE Per square foot
    • LOCATION Outer Ring Road
    • 100%
      INVESTMENT AMOUNT
    • 42%
      RENTS
    • 2%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT ON SALE
    • 205%
      TOTAL
    Return Target : 17.9%
  • ₹ 40,00,00,000
    • Purchase Price
    • Stamp duty
    • Brokerage
    • Legal fee
    • Reserves
    • Purchase Price
    • Stamp duty
    • Brokerage
    • Legal fee
    • Reserves
    All in price

The Pavilion is located on Outer Ring Road, the largest and fastest growing office market in Bangalore. Outer Ring Road is a well developed commercial hub for multi-national companies and is in close proximity to dense residential hubs of Koramangala, Indiranagar, Sarjapur, and HSR Layout.

Proposed units are spread across Ground, 2nd, 4th and 6th floors.

  • ₹ 40,00,00,000
    • Purchase Price
    • Stamp duty
    • Brokerage
    • Legal fee
    • Reserves
    • Purchase Price
    • Stamp duty
    • Brokerage
    • Legal fee
    • Reserves
    All in price
  • ₹31,18,969
    gross rent
  • ₹3,33,333
    property management fee
  • ₹27,85,636
    net rent
Annual Yield : 9.4%
  • 01 Oct 2019
  • 5 YEARS
  • 30 Sep 2029
  • 29,185 SF
  • ₹ 86
  • 10 YEARS
  • 5%

TENANT DETAILS

Name : Aurbis Business Parks

Country : Singapore

Office Locations : Bangalore and Singapore

Description : Singapore-based Aurbis is a managed offices provider backed by Avila Capital which was founded by the Chairman of Assetz Property Group Singapore.

  • Located on Outer Ring Road which accounts for 47% of total office stock in Bangalore.
  • Low vacancy of 1%
  • 9.4% y-o-y growth in rentals over the last 7 years.
  • High Yield of 9.36% for existing investors
  • At a 10% CAGR on exit, the returns are 17.93% and 2.05x
  • Tenanted to Singapore-based Aurbis Business Parks backed by Avila Capital
  • 5 year lock-in period from Oct '19 onwards
  • Fit-outs and capex done by tenant increasing stickiness of tenant for investors
  • 10 year lease term
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
Investment (40,00,00,000) - - - - -
Rents - 3,61,60,743 3,14,69,896 3,28,37,961 3,42,67,589 3,57,61,550
Interest on Deposit - 12,66,881 12,66,881 12,66,881 12,66,881 12,66,881
Sale Value - - - - - 64,42,04,000
TOTAL ₹ (40,00,00,000) ₹ 3,74,27,624 ₹ 3,27,36,777 ₹ 3,41,04,842 ₹ 3,55,34,470 ₹ 68,12,32,431
  • Property Share's Detailed Investment Note
  • Detailed Report on the Title diligence of the property by Amarchand Mangaldas
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Price Negotiated

29-Nov-2019
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Listing Live

02-Dec-2019
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