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The Capital II
Bandra Kurla Complex (BKC), Mumbai

Rent Top-up of 1% for pre-book investors

The Capital II Bandra Kurla Complex (BKC) big hero
something

3+

The Capital II

Bandra Kurla Complex (BKC) , Mumbai

Fully Funded

* Min. Investment 25 lakhs

Monthy Rent

₹15,302

Ownership

1.2%

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 Highlights

8.7%

HIGH RENTAL YIELD

17%

HIGH RETURNS

₹ 35,266

ATTRACTIVE PRICE

Grade A+

QUALITY

Investment Returns

Investment Amount

Tenant Details

Name

Qualcomm

Country

San Diego, USA

Description

Qualcomm is an American multi-national semiconductor and telecommunications equipment company which has a market cap of about $63.5 B and is ranked 133rd on the Fortune 500 List.

Time Period

Lease Start Date

08 Feb 2019

Lock-in Period

3 YEARS

Lease End Date

08 Feb 2024

Tenant Highlights

5,501 SF

Total Area

₹237

Rent Per SF

5 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 19,40,00,000

₹ 1,16,40,000

₹ 30,000

₹ 38,80,000

₹ 11,64,000

₹ 10,00,000

₹ 12,86,000

Location Highlights

The Capital is Located in Bandra Kurla Complex which 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.

Floor Plan

Property Share’s unit is located on the 6th floor and leased to Qualcomm. It is well laid out floor divisible into 4 separate office with lifts in the middle and bathrooms in the four corners.

The Capital II Bandra Kurla Complex (BKC) floor plan

Investment Overview

There is an opportunity to purchase a 5,501 sf commercial office space in The Capital within the Bandra Kurla Complex, Mumbai for an all-in cost of Rs. 21,30,00,000 (Rs. 35,266 per sf) which implies a 8.7% 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 Qualcomm India for a 5 year lease with a 3 year lock-in. The Qualcomm lease is at a 7% 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.

Key Updates

25-Feb-2019

MOU Signed

27-Feb-2019

Funding Opened

Reports

Investment Note

Property Share's Detailed Investment Note

Legal Title Report

Detailed Report on the Title diligence of the property by Amarchand Mangaldas