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Mindspace Business Park
HITEC City, Hyderabad

Enhanced yield of 1% for Pre-book investors

Mindspace Business Park HITEC City big hero
something

7+

Mindspace Business Park

HITEC City , Hyderabad

Fully Funded

* Min. Investment 25 lakhs

Monthy Rent

₹19,792

Ownership

0%

Bid/ ask

You can now place both Bids and Offers with Property Share.

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

9.50%

HIGH RENTAL YIELD

19.26%

HIGH RETURNS

Rs 9,554

ATTRACTIVE PRICE

HITEC City

LOCATION

Investment Returns

Investment Amount

Tenant Details

Name

Qualcomm

Country

USA

Description

US-based Qualcomm is a Fortune 150 technology major engaged in business of semiconductors, software, and services related to wireless technology.

Time Period

Lease Start Date

01 Mar 2018

Lock-in Period

4 YEARS

Lease End Date

28 Feb 2023

Tenant Highlights

96,950 SF

Total Area

₹66

Rent Per SF

5 YEARS

Lease Period

5%

Escalation

Property Pricing

₹ 92,62,99,032

₹ 5,32,96,168

₹ 1,85,25,980

₹ 10,00,000

₹ 58,78,820

Location Highlights

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

Floor plan is typical of Grade A business parks with large efficient floor plates, a central lift core and services on the side.

Mindspace Business Park HITEC City floor plan

Investment Overview

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.

Webinar

Key Updates

07-Aug-2020

Price Negotiated

10-Aug-2020

Listing Live

Reports

Investment Note

PropShare's Detailed Investment Note

Legal Title Report

Detailed Report on the Title diligence of the property by Amarchand Mangaldas