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

3+

Umiya Business Bay II

Outer Ring Road , Bangalore

Fully Funded

* Min. Investment 10 lakhs

Monthy Rent

₹5,660

Ownership

1.8%

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

7.2%

HIGH RENTAL YIELD

15%

ESCALATION

₹ 10,865

ATTRACTIVE PRICE

IT Corridor

LOCATION

Investment Returns

Investment Amount

Tenant Details

Name

Page Industries

Country

India

Description

Exclusive licensee of JOCKEY International Inc. (USA) and Speedo International for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal and the UAE

Time Period

Lease Start Date

01 Jan 2017

Lock-in Period

YEARS

Lease End Date

31 Dec 2025

Tenant Highlights

5,200 SF

Total Area

₹62

Rent Per SF

9 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 5,20,00,000

₹ 22,95,000

₹ 4,50,000

₹ 10,40,000

₹ 1,00,000

₹ 2,25,000

₹ 3,90,000

Location Highlights

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.

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 II Outer Ring Road floor plan

Investment Overview

There is an opportunity to purchase a 5,200 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. 5,65,00,000 (Rs. 10,865 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.

Key Updates

16-Apr-2017

Contracts exchanged

18-Apr-2017

Funding Opened

Reports

Investment Note

Investment Note would be provided on request.

Legal Title Report

Title Report would be available after due diligence is completed.