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Seawoods Grand Central Navi Mumbai cover image
Seawoods Grand Central
Navi Mumbai, Mumbai
Seawoods Grand Central Navi Mumbai big hero
something

5+

Seawoods Grand Central

Navi Mumbai , Mumbai

Resale

8.3%

HIGH RENTAL YIELD

16.8%

HIGH RETURNS

Rs. 13,302

ATTRACTIVE PRICE

Grade A+

QUALITY

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 Returns

Investment Amount

Tenant Details

Name

Koch Chemicals

Country

United States

Description

Property share's unit is partly leased to Koch Chemicals (6,163 sf) and the unleased unit (8,157 sf) is being marketed by CBRE and JLL and is currently in discussions with 3 tenants. Koch Industries is an American multinational corporation based in Wichita, Kansas. Its subsidiaries are involved in the manufacturing, refining, and distribution of petroleum, chemicals amonth others. The firm employs 120,000 people in 60 countries, with about half of its business in the United States. With annual revenues of $110 billion, the company is the second largest privately held company in the United States.

Time Period

Lease Start Date

01 Jan 2019

Lock-in Period

3 YEARS

Lease End Date

01 Jan 2028

Tenant Highlights

14,320 SF

Total Area

₹104

Rent Per SF

9 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 19,04,84,640

₹ 1,00,00,000

₹ 1,20,29,078

₹ 30,000

₹ 40,09,693

₹ 8,00,000

₹ 10,00,473

₹ 89,35,680

₹ 44,10,436

Location Highlights

Seawoods Grand Central is located above the Seawoods railway station in Navi Mumbai.

Seawoods station connects commuters to Panvel in the south, Thane in the north and Dadar/CST in central and south Mumbai making the property one of the best located developments in the city. The new Navi Mumbai airport was inaugurated by PM Narendra Modi in February '18 and is expected to start operations for the first phase by early 2020 which should lead to significant upside in the property.

A Transharbour link connecting Navi Mumbai to central Mumbai is also being constructed by L&T along with metro connectivity making this property very attractive from an investment standpoint.

Floor Plan

PropertyShare’s unit is located on the 9th floor of Wing D and has a leasable area of 14,320 sf and enjoys views of the Arabian sea with light on 3 sides.

This is the most premium unit in the building which has been exclusively sold to Property Share.

Seawoods Grand Central Navi Mumbai floor plan

Investment Overview

There is an opportunity to purchase a 14,320 square feet commercial office space in L&T Seawoods Grand Central - India’s first and largest Transit Oriented Development - located in Navi Mumbai, for an all-in cost of Rs. 23,21,00,000 (Rs. 13,302 per sf purchase price).

Developed by L&T, the retail mall and one office tower has been bought by global PE fund Blackstone. Property Share is purchasing a premium sea facing office block on the 9th floor (total 11 floors) that is currently vacant but is being marketed to 3 potential tenants. Property Share has leveraged its relationship with Blackstone and L&T to get a phenomenal purchase price of Rs. 13,302 psf which is a 11.4% discount to what L&T sells lower floors for in the property.

The property has tenants like TEVA Pharma, JK Ansell, SBI Life insurance and sets up to a 8.02% yield which we are topping-up to 9.02% for the first year for pre book investors. We have also negotiated a 6 months rent guarantee irrespective of leasing providing a 6 month cushion for investors.

Seawoods station connects commuters to Panvel in the south, Thane in the north and Dadar/CST in central and south Mumbai making the property one of the best located developments in the city. The new Navi Mumbai airport was inaugurated by PM Narendra Modi in February and is expected to start operations for the first phase by 2023 which should lead to significant upside in the property. A Transharbour link connecting Navi Mumbai to central Mumbai is also being constructed by L&T along with metro connectivity making this property very attractive from an investment standpoint.

Key Updates

26-Feb-2018

Agreement signed with L&T

27-Feb-2018

Listing opened

Reports

Investment Note

Detailed investment note on the property by our Investment Team

Legal Title Report

A detailed report on the title by our lawyers Cyril Amarchand Mangaldas