• Seawoods Grand Central
  • Seawoods Grand Central
  • Seawoods Grand Central
  • Seawoods Grand Central
  • Seawoods Grand Central
  • Seawoods Grand Central
  • Seawoods Grand Central
  • Seawoods Grand Central
  • Seawoods Grand Central
PER SQUARE FEET
  • Tenanted Tenanted
14,320 SF
Navi Mumbai, mumbai
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 100%
Of ₹ 23,17,00,000 Property Value
  • Seawoods Grand Central is India’s first and largest Transit-Oriented Development (TOD) in Navi Mumbai.
    Spread across 40 acres, Seawoods Grand Central is a unique combination of Commercial, Retail and Hospitality. It offers spacious, well-planned and completely customizable office spaces.

    • HIGH RENTAL YIELD on All-in Price
    • HIGH RETURNS IRR
    • ATTRACTIVE PRICE Per square foot
    • QUALITY Gold LEED Building
  • 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 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.

    • 100%
      INVESTMENT AMOUNT
    • 41%
      RENTS
    • 2%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT
    • 204%
      TOTAL
    Return Target : 17%
  • ₹ 23,17,00,000
    • Purchase Price
    • Car Park
    • Stamp Duty
    • Registration
    • Brokerage
    • Legal Fee
    • Reserve
    • Rent Guarantee
    • Additional Expenses
    • Purchase Price
    • Car Park
    • Stamp Duty
    • Registration
    • Brokerage
    • Legal Fee
    • Reserve
    • Rent Guarantee
    • Additional Expenses
    All in price

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.

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.

  • ₹ 23,17,00,000
    • Purchase Price
    • Car Park
    • Stamp Duty
    • Registration
    • Brokerage
    • Legal Fee
    • Reserve
    • Rent Guarantee
    • Additional Expenses
    • Purchase Price
    • Car Park
    • Stamp Duty
    • Registration
    • Brokerage
    • Legal Fee
    • Reserve
    • Rent Guarantee
    • Additional Expenses
    All in price
  • ₹17,42,171
    gross rent
  • ₹1,93,083
    property management fee
  • ₹15,49,088
    net rent
Annual Yield : 9%
  • 01 Jan 2019
  • 3 YEARS
  • 01 Jan 2028
  • 14,320 SF
  • ₹ 104
  • 9 YEARS
  • 15%

TENANT DETAILS

Name :

Country :

Office Locations :

Description : Property Share's unit is being marketed by CBRE and JLL and is currently in discussions with 3 tenants. The property has tenants like TEVA Pharma, JK Ansell, SBI Life insurance and sets up to a 8.02% yield which Property Share is 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.

  • Highest going-in rental yield on the platform to-date
  • 9.02% Rental Yield
  • High returns with low risk
  • 17% IRR
  • 2.03x Profit
  • Gold LEED certified building
  • High-end 1 mn sf operational mall
  • 10 car parks
  • Access controlled entry with triple height lobby
  • Located above the Seawoods railway station connecting to south, north and central Mumbai
  • New international airport operational by 2020
  • Close to Transharbour Link connecting Navi Mumbai to central Mumbai
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
Investment (23,17,00,000) - - - - -
Rents - 1,72,12,640 1,78,71,360 1,78,71,360 2,05,52,064 2,05,52,064
Interest on Deposit - 7,14,854 7,14,854 7,14,854 7,14,854 7,14,854
Sale Value - - - - - 37,31,55,167
TOTAL ₹ (23,17,00,000) ₹ 1,79,27,494 ₹ 1,85,86,214 ₹ 1,85,86,214 ₹ 2,12,66,918 ₹ 39,44,22,085
  • Detailed investment note on the property by our Investment Team
  • A detailed report on the title by our lawyers Cyril Amarchand Mangaldas
Picture

Agreement signed with L&T

26-Feb-2018
Picture

Listing opened

27-Feb-2018