Rent Top-up of 1% for pre-book investors
  • The Capital II
  • The Capital II
  • The Capital II
  • The Capital II
  • The Capital II
  • The Capital II
  • The Capital II
  • The Capital II
  • The Capital II
  • The Capital II
  • The Capital II
Rent Top-up of 1% for pre-book investors
PER SQUARE FEET
  • 4
  • Core Asset Core Asset
  • 3 year Lock-in 3 year Lock-in
  • Tenanted Tenanted
5,501 SF
Bandra Kurla Complex (BKC), mumbai
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 100%
Of ₹ 21,30,00,000 Property Value
  • The Capital II - Investment Case: Listen to Kunal Moktan, Property Share Co-founder & Chief Investment Officer, speak about how the location, returns, purchase price and quality of the tenant make this property an excellent investment opportunity.

    • 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 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.

    • 100%
      INVESTMENT AMOUNT
    • 41%
      RENTS
    • 1%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT
    • 203%
      TOTAL
    Return Target : 17%
  • ₹ 21,30,00,000
    • Purchase Price
    • Stamp duty
    • Registration
    • Sale Brokerage
    • MMRDA Charges
    • Legal fee
    • Reserves
    • Purchase Price
    • Stamp duty
    • Registration
    • Sale Brokerage
    • MMRDA Charges
    • Legal fee
    • Reserves
    All in price

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.

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.

  • ₹ 21,30,00,000
    • Purchase Price
    • Stamp duty
    • Registration
    • Sale Brokerage
    • MMRDA Charges
    • Legal fee
    • Reserves
    • Purchase Price
    • Stamp duty
    • Registration
    • Sale Brokerage
    • MMRDA Charges
    • Legal fee
    • Reserves
    All in price
  • ₹13,03,737
    gross rent
  • ₹1,77,500
    property management fee
  • ₹11,26,237
    net rent
Annual Yield : 8.7%
  • 08 Feb 2019
  • 3 YEARS
  • 08 Feb 2024
  • 5,501 SF
  • ₹ 237
  • 5 YEARS
  • 15%

TENANT DETAILS

Name : Qualcomm

Country : San Diego, USA

Office Locations : 184 offices worldwide

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.

  • ₹ 35,266 per square feet for a Grade A completed rented office building in BKC, Mumbai
  • 8.65 % rental yield
  • 15% escalation every 3 years
  • Tenanted to Qualcomm ( a Fortune 133 company), an American multi-national technology company
  • Located in BKC, Mumbai's central business district
  • At a 10% CAGR on exit, the returns are 17% and 2.03x.
  • Gold LEED certified building
  • Top 3 buildings in BKC
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
Investment (21,30,00,000) - - - - -
Rents - 1,56,44,844 1,56,44,844 1,56,44,844 1,79,91,570.6 1,79,91,570.6
Rent Top-up - 21,30,000 - - - -
Interest on Deposit - 6,60,120 6,60,120 6,60,120 6,60,120 6,60,120
Sale Value - - - - - 34,30,38,630
TOTAL ₹ (21,30,00,000) ₹ 1,84,34,964 ₹ 1,63,04,964 ₹ 1,63,04,964 ₹ 1,86,51,690 ₹ 36,16,90,320
  • Property Share's Detailed Investment Note
  • Detailed Report on the Title diligence of the property by Amarchand Mangaldas
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MOU Signed

25-Feb-2019
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Funding Opened

27-Feb-2019