• Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
  • Sky Vista
PER SQUARE FEET
  • Tenanted Tenanted
8,944 SF
Viman Nagar, pune
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 100%
Of ₹ 13,08,00,000 Property Value
  • There is an opportunity to purchase a 8,944 square feet high-end commercial office leased to a South African tech company in Lunkad Sky Vista, Pune for an all-in cost of Rs. 13,08,00,000 (Rs. 13,417 per sf) which implies a 7.5% yield.

    Developed by the Lunkad Group, Sky Vista is a 130,000 sf boutique office building located in prime Viman Nagar and tenanted to multinational tenants like GE, Voxeljet, Cavotec, Regus, Kyocera among others.

    We believe the pricing, tenant, location, rental yield and quality of the development will lead to significant upside over the next 4-5 years.

    • HIGH RENTAL YIELD on All-in Price
    • HIGH RETURNS IRR
    • LOW RISK Lock-in remaining
    • MNC TENANT Software & Services
    • 100%
      INVESTMENT AMOUNT
    • 40%
      RENTS
    • 1%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT
    • 202%
      TOTAL
    Return Target : 16.9%
  • ₹ 13,08,00,000
    • Purchase Price
    • Stamp Duty
    • Registration
    • Legal Fees
    • Brokerage
    • Reserve
    • Purchase Price
    • Stamp Duty
    • Registration
    • Legal Fees
    • Brokerage
    • Reserve
    All in price

Sky Vista is strategically located in Viman Nagar, close to the Pune Airport, Phoenix Market City, Inorbit Mall, Hyatt, Ritz Carlton and Sheraton Hotels and campuses of IBM, Deutsche Bank, Mastercard, HSBC, Concentrix, CLSA, E&Y among others.

Property Share’s unit is located on the 7th floor and leased to BBD, a South African technology company.

  • ₹ 13,08,00,000
    • Purchase Price
    • Stamp Duty
    • Registration
    • Legal Fees
    • Brokerage
    • Reserve
    • Purchase Price
    • Stamp Duty
    • Registration
    • Legal Fees
    • Brokerage
    • Reserve
    All in price
  • ₹9,26,482
    gross rent
  • ₹1,09,000
    property management fee
  • ₹8,17,482
    net rent
Annual Yield : 7.5%
  • 01 Aug 2016
  • 3 YEARS
  • 31 Jul 2025
  • 8,944 SF
  • ₹ 88
  • 5 YEARS
  • 5%

TENANT DETAILS

Name : Barone, Budge and Dominick (BBD)

Country : South Africa

Office Locations : Pretoria, Cape town, Bulgaria, Pune

Description : A provider of custom software development and application design solutions, BBD's 33 years of technical and developer expertise spans the banking, insurance, telecommunications, education and public sectors. Employing over 700 highly skilled, motivated and experienced IT professionals - BBD is South Africa's largest independent custom software development company.

  • 7.5% going-in Rental Yield
  • 16.9% IRR
  • 2x Profit
  • High-end boutique development from the Lunkad Group
  • 1.5 kms from Pune airport
  • South Africa's largest software development and IT services company
  • 9 year lease
  • 3 year lock-in
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
Investment (13,08,00,000) - - - - -
Rent Received - 94,66,330 99,39,647 1,04,36,629 1,09,58,460 1,15,06,383
Interest on deposit - 3,43,450 3,43,450 3,43,450 3,43,450 3,43,450
Sale Value - - - - - 21,06,54,708
TOTAL ₹ (13,08,00,000) ₹ 1,11,17,780 ₹ 1,02,83,096 ₹ 1,07,80,078 ₹ 1,13,01,910 ₹ 22,25,04,541
  • A detailed investment note on the property by our Investment Team
  • A detailed report on the title by our lawyers Cyril Amarchand Mangaldas
Picture

MOU signed

11-Jun-2018
Picture

Listing opened

12-Jun-2018