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Whitefield , Bangalore
8.51%
HIGH RENTAL YIELD
19.4%
HIGH RETURNS
Rs 4,843
ATTRACTIVE PRICE
WHITEFIELD
LOCATION
Name
ISDC
Country
UK
Description
UK-based skill development and training provider
Time Period
Lease Start Date
01 Aug 2020
Lock-in Period
4 YEARS
Lease End Date
31 Jul 2030
Tenant Highlights
1,28,027 SF
Total Area
₹33
Rent Per SF
10 YEARS
Lease Period
15%
Escalation
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Whitefield is the second largest office market in Bangalore with approx. 22 million sf of office stock (20% of total Bangalore market) with offices of major MNCs like Hindustan Unilever, Britannia, Tesco, Capgemini, Accenture and HP, among others.
Proposed building is spread across Ground + 5 floors.
There is a unique opportunity to purchase a standalone Grade A building located in Whitefield, Bangalore tenanted to a UK-based multi-national for an all-in cost of Rs. 68,60,00,000 (Rs. 4,843 per sf) implying a 8.51% yield and 19.4% IRR for eligible investors.
The building is a 128,027 sf Grade A office asset in Whitefield, Bangalore fully leased with a 4-year lock-in. It is located in Whitefield, the second largest office market in Bangalore. Whitefield is a well developed commercial hub for multi-national companies. The building is situated right next the Bangalore's first integrated tech park International Tech Park (ITPL) which houses tenants including TCS, Societe Generale, Mu Sigma, AT&T, General Motors, Technicolor and Xerox, among others.
We believe this is a unique opportunity to acquire a leased Grade A asset in one of Bangalore’s largest and fastest growing micro-markets.
Investment Note
Property Share's Detailed Investment Note
Legal Title Report
Detailed Report on the Title diligence of the property by Amarchand Mangaldas
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