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Umiya Business Bay Outer Ring Road cover image
Umiya Business Bay
Outer Ring Road, Bangalore
Umiya Business Bay Outer Ring Road big hero
something

3+

Umiya Business Bay

Outer Ring Road , Bangalore

Fully Funded

* Min. Investment 2.7 Cr

Monthy Rent

₹1,59,833

Ownership

100%

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

7.1%

GROSS RENTAL YIELD

16.3%

ESCALATION

Rs. 13,846

ATTRACTIVE PRICE

ORR

LOCATION

Investment Returns

Investment Amount

Tenant Details

Name

Simeio Solutions

Country

USA

Description

Simeio Solutions is a unique strategic partner offering a comprehensive suite of enterprise Identity and Access Management (IAM) resources designed to provide a fully integrated solution that meets the specific needs of clients. Simeio's services include managed services (both on-premise and remotely managed), business-ready IAM cloud, and professional services that ensure on-target, smooth and cost-effective system design and implementation.

Time Period

Lease Start Date

01 Jan 2017

Lock-in Period

2 YEARS

Lease End Date

01 Jan 2027

Tenant Highlights

1,950 SF

Total Area

₹79

Rent Per SF

9 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 2,70,00,000

Location Highlights

Sarjapur ORR is the largest office market in Bangalore (47% of total Bangalore market) with offices of JP Morgan, CISCO, Accenture, Cognizant, Wipro, Oracle, Intel, Honeywell, SAP, HSBC, KPMG, ADOBE, Sony, Goldman Sachs, Flipkart  among others.

Floor Plan

Well laid out floor divisible into 4 separate office with lifts in the middle and bathrooms in the four corners.

Umiya Business Bay Outer Ring Road floor plan

Investment Overview

There is an opportunity to purchase a 1,950 square feet commercial office space in Umiya Business Bay within the Cessna Business Park on Sarjapur Outer Ring Road, Bangalore for an all-in cost of Rs. 2,70,00,000 (Rs. 13,846 per sf).

Outer Ring Road is the largest office market in Bangalore with low vancacy of 1% and 47% of Bangalore's office stock having headquarters of tenants like Microsoft, Goldman Sachs, JP Morgan, Northern Trust, Cisco, Oracle, Wells Fargo and Linkedin among others

Rents on Sarjapur ORR have increased at a CAGR of c. 9.4% over the last 7.

At the price being offered, the gross rental yield works out to 7.1% with 15% escalation every 3 years.

Key Updates

19-Feb-2020

Property Live

Reports

Investment Note

Investment Note would be provided on request.

Legal Title Report

Title Report would be available after due diligence is completed.