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

5+

Seawoods Grand Central II

Navi Mumbai , Mumbai

Resale

7.7%

HIGH RENTAL YIELD

17.1%

HIGH RETURNS

Rs. 13,563

ATTRACTIVE PRICE

Ansell

MNC TENANT

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

Ansell

Country

Australia

Description

The 7th Floor unit is currently tenanted to Ansell (http://www.ansell.com/en.aspx), a $4 billion Australian company manufacturing protective and medical gloves.

Time Period

Lease Start Date

01 May 2018

Lock-in Period

3 YEARS

Lease End Date

01 May 2023

Tenant Highlights

4,240 SF

Total Area

₹101

Rent Per SF

5 YEARS

Lease Period

15%

Escalation

Name

Naos

Country

France

Description

The 6th Floor unit is leased to French skincare company Naos which has over 1000 employees and 46 affiliates across 100 countries with a substantial presence in India through its various brands.

Time Period

Lease Start Date

01 Apr 2020

Lock-in Period

3 YEARS

Lease End Date

01 Apr 2025

Tenant Highlights

6,748 SF

Total Area

₹92

Rent Per SF

5 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 14,90,28,016

₹ 70,00,000

₹ 93,61,681

₹ 60,000

₹ 31,20,560

₹ 5,00,000

₹ 6,55,358

₹ 35,08,960

₹ 25,65,425

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 6th floor and 7th floor of Wing D and Wing F respectively 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 II Navi Mumbai floor plan

Investment Overview

There is an opportunity to purchase a 10,988 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. 17,58,00,000 (Rs. 13,563 per sf purchase price).

The listing is a combination of 2 units in Tower 2:

1. 7th Floor Unit measuring 4,240 sf leased to Ansell a $4 billion Australian company manufacturing protective and medical gloves

2. 6th Floor Unit measuring 6,748 sf leased to French skincare provider Naos Skincare.

The listing is a combination of both units meaning investors will get a share of both the Ansell and Naos offices totally measuring 10,988 sf.

Developed by L&T, the retail mall and one office tower has been bought by global PE fund Blackstone. PropertyShare’s units are located on the 6th floor and 7th floor of Wing D and Wing F respectively and enjoy unobstructed views of the Arabian sea. Property Share has leveraged its relationship with Blackstone and L&T to get a phenomenal purchase price of Rs. 13,563 psf which is a 10% discount to what L&T sells lower floors for in the property.

Seawoods Grand Central is a LEED Gold certified high-end mixed-use development with a 1 mn sf mall, 2 mn sf office and an upcoming hotel built on top of the centrally connected Seawoods Railway Station.

The integrated development has a 1 mn sf operational mall which has been purchased by global real estate PE fund Blackstone and houses marquee tenants like H&M, Lacoste among others.The office tower has been recently leased to $18 bn co-working start-up WeWork.

Spread across 40 acres, Seawoods Grand Central is an integrated Commercial, Retail and Hospitality development above the Seawoods railway station.

Key Updates

21-Mar-2018

Agreement signed with L&T

22-Mar-2018

Listing opened

Reports

Investment Note

A 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