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The Pavilion II Outer Ring Road cover image
The Pavilion II
Outer Ring Road, Bangalore
The Pavilion II Outer Ring Road big hero
something

3+

The Pavilion II

Outer Ring Road , Bangalore

Fully Funded

* Min. Investment 25 lakhs

Monthy Rent

₹18,452

Ownership

0.7%

Bid/ ask

You can now place both Bids and Offers with PropShare capital.

Bids

A Bid is the price at which a given number of shares are available to buy.

Ask

An Offer is the price at which owned shares are available for sale.

Investment Highlights

8.86%

HIGH RENTAL YIELD

17.80%

HIGH RETURNS

Rs 12,500

ATTRACTIVE PRICE

ORR

LOCATION

Investment Returns

Investment Amount

Tenant Details

Name

Aurbis Business Parks

Country

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.

Time Period

Lease Start Date

01 Oct 2019

Lock-in Period

4 YEARS

Lease End Date

30 Sep 2029

Tenant Highlights

24,392 SF

Total Area

₹86

Rent Per SF

10 YEARS

Lease Period

4.5%

Escalation

Property Pricing

₹ 30,48,95,668

₹ 2,01,23,114

₹ 60,97,913

₹ 10,00,000

₹ 21,83,305

Location Highlights

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.

Floor Plan

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

The Pavilion II Outer Ring Road floor plan

Investment Overview

There is an opportunity to purchase 24,392 sf in The Pavilion, Bangalore tenanted to Aurbis Business Parks for an all-in cost of Rs. 33,43,00,000 (Rs. 12,500 per sf) implying a 8.86% yield for pre-book investors and 17.80% IRR.

The Pavilion is a 210,000 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, 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.

Webinar Update

Key Updates

29-Nov-2019

Price Negotiated

03-Dec-2019

Listing Live

Reports

Investment Note

Property Share's Detailed Investment Note

Legal Title Report

Detailed Report on the Title diligence of the property by Amarchand Mangaldas