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HITEC City , Hyderabad
9.5%
HIGH RENTAL YIELD
19.26%
HIGH RETURNS
Rs 9,554
ATTRACTIVE PRICE
HITEC City
LOCATION
Name
Redbrick Offices
Country
India
Description
Time Period
Lease Start Date
24 May 2024
Lock-in Period
5 YEARS
Lease End Date
24 Jul 2034
Tenant Highlights
50,806 SF
Total Area
₹72.2
Rent Per SF
10 YEARS
Lease Period
5%
Escalation
Name
Urbanwrk
Country
Description
Time Period
Lease Start Date
15 May 2024
Lock-in Period
0 YEARS
Lease End Date
15 Aug 2034
Tenant Highlights
48,475 SF
Total Area
₹70
Rent Per SF
10 YEARS
Lease Period
5%
Escalation
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Mindspace Business Park is the largest Grade A business park in Hyderabad spread across 97 acres (10.6 million sf of leasable area) and c. 98% leased to marquee tenants like Accenture, Qualcomm, BA Continuum, JP Morgan, Facebook, Amazon, among others.
Floor plan is typical of Grade A business parks with large efficient floor plates, a central lift core and services on the side.
There is an opportunity to purchase 96,950 sf in Mindspace Business Park, Hyderabad tenanted to US-based Qualcomm for an all-in cost of Rs. 1,00,50,00,000 (Rs. 9,554 per sf) implying a 9.5% yield and 19.26% IRR for pre-book investors.
Mindspace Business Park is the largest Grade A business park in Hyderabad spread across 97 acres (10.6 million sf of leasable area) and c. 98% leased to marquee tenants like Accenture, Qualcomm, BA Continuum, JP Morgan, Facebook, Amazon, among others.
Qualcomm is a key tenant in Mindspace and occupies c. 1 mn sf (c. 9% of Mindspace)
We believe this is a unique opportunity to acquire a leased Grade A asset in Hyderabad’s largest and fastest growing micro-market.
Investment Note
PropShare's Detailed Investment Note
Legal Title Report
Detailed Report on the Title diligence of the property by Amarchand Mangaldas
How much do you want to invest?
Rental Yield
9.5%
Monthly Rent
₹ 70,68,978
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