• Umiya Business Bay I
  • Umiya Business Bay I
  • Umiya Business Bay I
  • Umiya Business Bay I
PER SQUARE FEET
  • Tenanted Tenanted
6,000 SF
Outer Ring Road, bangalore
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 100%
Of ₹ 6,00,00,000 Property Value
  • There is an opportunity to purchase a 6,000 square feet commercial office space in Umiya Business Bay II within the Cessna Business Park on Sarjapur Outer Ring Road, Bangalore for an all-in cost of Rs. 6,00,00,000 (Rs. 10,000 per sf).

    Umiya Business Bay is an office development comprising two towers - Business Bay 1 and Business Bay 2. Business Bay 1 was completed in 2014 and is currently 100% leased to blue chip tenants like AT&T, Ericsson, Page Industries and Amazon. Business Bay 2 has just received the Occupation Certifcate and is 90% leased.

    Sarjapur ORR is the single largest office market in India with 40 million sf of office space in a 4 km stretch with headquarters of CISCO, Goldman Sachs, HSBC, Northern Trust, GE Honeywell, SONY, LG, InMobi, Flipkart among others. There is currently only two other projects with potential supply - Embassy Tech Village and RMZ Ecoworld most of which has already been pre-leased.

    Rents on Sarjapur ORR have increased at a CAGR of 10% over the last 9 years from Rs. 30 per square foot to Rs. 65 per square foot.

    At the price negotiated by Property Share, the gross rental yield works out to 8.2% with 15% escalation every 3 years.

    • GROSS RENTAL YIELD on All-in Price
    • ESCALATION every 3 years
    • ATTRACTIVE PRICE Per square foot
    • LOCATION Located in India's largest IT corridor
    • 100%
      INVESTMENT AMOUNT
    • 32%
      RENTS
    • 2%
      INTEREST ON DEPOSIT
    • 46%
      PROFIT
    • 180%
      TOTAL
    Return Target : 17.5%
  • ₹ 6,00,00,000
    • Purchase Price
    • Stamp Duty
    • Registration
    • Brokerage
    • Legal Fee
    • Cess
    • Reserve
    • Purchase Price
    • Stamp Duty
    • Registration
    • Brokerage
    • Legal Fee
    • Cess
    • Reserve
    All in price

Sarjapur ORR is the largest office market in Bangalore (40 million sf, 35% 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.

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

  • ₹ 6,00,00,000
    • Purchase Price
    • Stamp Duty
    • Registration
    • Brokerage
    • Legal Fee
    • Cess
    • Reserve
    • Purchase Price
    • Stamp Duty
    • Registration
    • Brokerage
    • Legal Fee
    • Cess
    • Reserve
    All in price
  • ₹3,90,000
    gross rent
  • ₹31,200
    property tax
  • ₹75,000
    property management fee
  • ₹2,83,800
    net rent
Annual Yield : 8%
  • 15 Apr 2017
  • 3 YEARS
  • 14 Apr 2026
  • 6,000 SF
  • ₹ 65
  • 9 YEARS
  • 15%

TENANT DETAILS

Name : Simeio Solutions

Country : USA

Office Locations : USA, Canada, Dubai, UK, India

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.

  • Rs. 10,000 psf (including registration) for a Grade A completed rented office building on ORR
  • 8.3% Rental Yield
  • 15% Escalation per 3 years
  • Located in India's largest IT corridor
  • Tenanted to Seimio Solutions
DAY 0 Year 1 Year 2 Year 3 Year 4
Investment (6,00,00,000) - - - -
Rents - 46,80,000 46,80,000 46,80,000 53,82,000
Interest on Deposit - 3,12,000 3,12,000 3,12,000 3,12,000
Sale Value - - - - 8,78,46,000
TOTAL ₹ (6,00,00,000) ₹ 49,92,000 ₹ 49,92,000 ₹ 49,92,000 ₹ 9,35,40,000
  • Investment Note would be provided on request.
  • Title Report would be available after due diligence is completed.
Picture

MOU Signed

12-Dec-2016
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Funding Opened

14-Dec-2016