• Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
  • Seawoods Grand Central III
PER SQUARE FEET
  • 13
  • Tenanted Tenanted
  • Core Asset Core Asset
  • Metro Metro
22,716 SF
Navi Mumbai, mumbai
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 95%
  • 33
Of ₹ 35,44,00,000 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, Residential 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
    • MNC Tenants Global leaders in Shipping Management
  • There is an opportunity to purchase a 22,716 square feet commercial office space (76% leased) 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. 35,44,00,000 (Rs. 14,105 per sf purchase price).

    The listing is a combination of 3 units in Tower 2:

    1. 7,649 sf leased to Japanese shipping company Class NK on a 5 year lease and 3 year lock-in

    2. 9,509 sf leased to German shipping company Bernhard Schulte on a 5 year lease and 3 year lock-in

    3. 5,558 sf vacant area on the 2nd floor currently in advanced stages of discussions

    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 new Navi Mumbai airport which is under-construction is just 10 kms away from Seawoods Grand Central. The Airport is expected to be completed by March 2020.

    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.

    • 100%
      INVESTMENT AMOUNT
    • 40%
      RENTS
    • 3%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT
    • 203%
      TOTAL
    Return Target : 17.5%
  • ₹ 35,44,00,000
    • Purchase Price
    • Stamp Duty
    • Registration
    • Other charges
    • Sale Brokerage
    • Legal Fee
    • Reserve
    • Rent Guarantee
    • Purchase Price
    • Stamp Duty
    • Registration
    • Other charges
    • Sale Brokerage
    • Legal Fee
    • Reserve
    • Rent Guarantee
    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 2nd floor and 4th floor of Wing F and Wing D respectively.

  • ₹ 35,44,00,000
    • Purchase Price
    • Stamp Duty
    • Registration
    • Other charges
    • Sale Brokerage
    • Legal Fee
    • Reserve
    • Rent Guarantee
    • Purchase Price
    • Stamp Duty
    • Registration
    • Other charges
    • Sale Brokerage
    • Legal Fee
    • Reserve
    • Rent Guarantee
    All in price
  • ₹23,61,701
    gross rent
  • ₹2,23,073
    property management fee
  • ₹21,38,628
    net rent
Annual Yield : 9%
  • 10 Aug 2018
  • 3 YEARS
  • 09 Jul 2023
  • 17,158 SF
  • ₹ 96
  • 5 YEARS
  • 15%

TENANT DETAILS

Name : Bernhard Schulte and Class NK

Country : Germany and Japan

Office Locations : Russia, Poland, Germany, China, Philippines

Description : The 2nd floor unit is leased to ClassNK (also known as Nippon Kaiji Kyokai), a Japanese co. with more than 5,000 employees that provides shipping services including ship classification, vessel approval, certifications and other technical services. The 4th floor unit is leased to Bernhard Schulte Shipmanagement (BSM), a 135 year old German integrated maritime solutions company managing 600 vessels, 20,000 employees through a network of 10 ship management, 26 crew services and 6 wholly-owned maritime training centres around the world.

  • 9% going-in Rental Yield
  • 17.5% IRR
  • 2.03x Profit
  • Gold LEED certified building
  • High-end 1 mn sf operational mall
  • 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
  • Bernhard Schulte and ClassNK
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
Investment (35,44,00,000) - - - - -
Rent - - - - - -
Bernhard Schulte - 1,06,23,455 1,06,23,455 1,18,18,593.465 1,22,16,973 1,22,16,973
Class NK - 90,54,886 90,54,886 97,34,003 1,04,13,119 1,04,13,119
Vacant - - 65,36,208 65,36,208 65,36,208 75,16,639
Rent Guarantee - 32,68,104 - - - -
Rental Top-up - 35,44,000 - - - -
Interest on deposit - - - - - -
Leased - 15,96,302 15,96,302 15,96,302 15,96,302 15,96,302
Vacant - - 5,29,566 5,29,566 5,29,566 5,29,566
Sale Value - - - - - 57,07,64,744
TOTAL ₹ (35,44,00,000) ₹ 2,80,86,747 ₹ 2,83,40,417 ₹ 3,02,14,672.465 ₹ 3,12,92,168 ₹ 60,30,37,343
  • A detailed investment note on the property by our Investment Team
  • A detailed report on the title by our lawyers Cyril Amarchand Mangaldas