A short video describing the property and its key amenities.
There is an opportunity to purchase a 7,721 sf commercial office space in The Capital within the Bandra Kurla Complex, Mumbai for an all-in cost of Rs. 29,50,00,000 (Rs. 34,646 per sf) which implies a 7.7% yield for pre-book investors.
The Capital is a platinum grade building in the heart of Bandra Kurla Complex and houses the India HQs of Deutsche Bank along with tenants like Pfizer, Symantec, MunichRe, VISA among others.
The unit has just been leased to State Bank of Mauritius for a 9 year lease with a 3 year lock-in. The SBM lease is at a 13.4% discount to recent leases in the building implying significant leasing upside in the transaction.
We believe the pricing, location, tenant, rental yield and quality of the development will lead to significant upside over the next 4-5 years.
Bandra Kurla Complex is Mumbai’s ﬁnancial centre and the preferred location for all blue chip ﬁnancial and investment ﬁrms. It houses headquarters of the National Stock Exchange, SEBI, large public and private sector banks, international consulates, ﬁve star hotels, international schools and convention centres.
Property Share’s unit is located on the 3rd floor and leased to State Bank of Mauritius. It is well laid out floor divisible into 4 separate office with lifts in the middle and bathrooms in the four corners.
Name : State Bank of Mauritius
Country : Mauritius
Office Locations : Mauritius, India and Madagascar
Description : State Bank of Mauritius is a commercial bank by the Bank of Mauritius, the national banking regulator. It is the second-largest bank in Mauritius with a market share of about 25% of domestic banking assets.
|DAY 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Interest on Deposit||-||6,53,196||6,53,196||6,53,196||6,53,196||6,53,196|
|TOTAL||₹ (29,50,00,000)||₹ 2,26,96,940||₹ 2,22,50,377||₹ 2,33,30,236||₹ 2,44,64,088||₹ 50,07,55,083|