• The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
  • The Capital
PER SQUARE FEET
  • Tenanted Tenanted
  • Core Asset Core Asset
7,721 SF
Bandra Kurla Complex, mumbai
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 100%
Of ₹ 29,50,00,000 Property Value
  • A short video describing the property and its key amenities.

    • 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 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.

    • 100%
      INVESTMENT AMOUNT
    • 39%
      RENTS
    • 1%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT
    • 201%
      TOTAL
    Return Target : 16.7%
  • ₹ 29,50,00,000
    • Purchase Price
    • Stamp duty
    • Registration
    • Leasing Brokerage
    • Sale Brokerage
    • MMRDA Charges
    • Developer Charge
    • Legal fee
    • Reserves
    • Purchase Price
    • Stamp duty
    • Registration
    • Leasing Brokerage
    • Sale Brokerage
    • MMRDA Charges
    • Developer Charge
    • Legal fee
    • Reserves
    All in price

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.

  • ₹ 29,50,00,000
    • Purchase Price
    • Stamp duty
    • Registration
    • Leasing Brokerage
    • Sale Brokerage
    • MMRDA Charges
    • Developer Charge
    • Legal fee
    • Reserves
    • Purchase Price
    • Stamp duty
    • Registration
    • Leasing Brokerage
    • Sale Brokerage
    • MMRDA Charges
    • Developer Charge
    • Legal fee
    • Reserves
    All in price
  • ₹17,14,062
    gross rent
  • ₹2,45,833
    property management fee
  • ₹14,68,229
    net rent
Annual Yield : 7.7%
  • 15 Jan 2019
  • 3 YEARS
  • 15 Jan 2024
  • 7,721 SF
  • ₹ 222
  • 5 YEARS
  • 5%

TENANT DETAILS

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.

  • ₹ 34,646 per square feet for a Grade A completed rented office building in BKC, Mumbai
  • 7.69 % rental yield
  • 5% escalation every year
  • Tenanted to State Bank of Mauritius with total assets of $3.34M.
  • Located in BKC, Mumbai's central business district
  • At a 10% CAGR on exit, the returns are 16.7% and 2.01x.
  • Gold LEED certified building
  • Top 3 buildings in BKC
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
Investment (29,50,00,000) - - - - -
Rents - 2,05,68,744 2,15,97,181 2,26,77,040 2,38,10,892 2,50,01,436
Rent Top-up - 14,75,000 - - - -
Interest on Deposit - 6,53,196 6,53,196 6,53,196 6,53,196 6,53,196
Sale Value - - - - - 47,51,00,450
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
  • Property Share's Detailed Investment Note
  • Detailed Report on the Title diligence of the property by Amarchand Mangaldas
Picture

MOU Signed

04-Jan-2019
Picture

Funding Opened

08-Jan-2019