Pre-book offer (ended): 1% rent top-up; 5 months’ rent guaranteed
Pre-book offer (ended): 1% rent top-up; 5 months’ rent guaranteed
PER SQUARE FEET
10,988 SF
Navi Mumbai, Mumbai
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 94.4%
  • 55
Of ₹ 17,58,00,000 Property Value
  • Seawoods Grand Central is India’s first and largest Transit-Oriented Development (TOD) in Navi Mumbai. Spread across 40 acres, Seawoods Grand Central is a unique combination of Commercial, Retail and Hospitality. It offers spacious, well-planned and completely customizable office spaces.

    • HIGH RENTAL YIELD on All-in Price
    • HIGH RETURNS IRR
    • ATTRACTIVE PRICE Per square foot
    • MNC TENANT $4 bn Australian Co
  • There is an opportunity to purchase a 10,988 square feet commercial office space (40% leased)  in L&T Seawoods Grand Central - India’s first and largest Transit Oriented Development - located in Navi Mumbai, for an all-in cost of Rs. 17,58,00,000 (Rs. 13,563 per sf) which implies a 9% yield and a 10% discount to market price.

    The listing is a combination of 2 units in Tower 2:

    1. 7th Floor Unit measuring 4,240 sf leased to Ansell a $4 billion Australian company manufacturing protective and medical gloves

    2. 6th Floor Unit measuring 6,748 sf currently vacant but under discussion with multiple potential tenants

    The listing is a combination of both units meaning investors will get a share of both the Ansell lease and the vacant area totally measuring 10,988 sf. 

    Developed by L&T, the retail mall and one office tower has been bought by global PE fund Blackstone. PropertyShare’s units are located on the 6th floor and 7th floor of Wing D and Wing F respectively and enjoy unobstructed views of the Arabian sea. Property Share has leveraged its relationship with Blackstone and L&T to get a phenomenal purchase price of Rs. 13,563 psf which is a 10% discount to what L&T sells lower floors for in the property.

    Seawoods Grand Central is a LEED Gold certified high-end mixed-use development with a 1 mn sf mall, 2 mn sf office and  an upcoming hotel built on top of the centrally connected Seawoods Railway Station.

    The integrated development has a 1 mn sf operational mall which has been purchased by global real estate PE fund Blackstone and houses marquee tenants like H&M, Lacoste among others.The office tower has been recently leased to $18 bn co-working start-up WeWork.

    Spread across 40 acres, Seawoods Grand Central is an integrated Commercial, Retail and Hospitality development above the Seawoods railway station.

     

    • 100%
      INVESTMENT AMOUNT
    • 41%
      RENTS
    • 1%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT
    • 203%
      TOTAL
    Return Target : 16.9%
  • ₹ 17,58,00,000
    • purchase price
    • car park
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • reserve
    • rent guarantee
    • additional expenses
    • purchase price
    • car park
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • reserve
    • rent guarantee
    • additional expenses
    All in price

Seawoods Grand Central is located above the Seawoods railway station in Navi Mumbai.

Seawoods station connects commuters to Panvel in the south, Thane in the north and Dadar/CST in central and south Mumbai making the property one of the best located developments in the city. The new Navi Mumbai airport was inaugurated by PM Narendra Modi in February '18 and is expected to start operations for the first phase by early 2020 which should lead to significant upside in the property.

A Transharbour link connecting Navi Mumbai to central Mumbai is also being constructed by L&T along with metro connectivity making this property very attractive from an investment standpoint.

PropertyShare’s unit is located on the 6th floor and 7th floor of Wing D and Wing F respectively and enjoys views of the Arabian sea with light on 3 sides.

This is the most premium unit in the building which has been exclusively sold to Property Share.

  • ₹ 17,58,00,000
    • purchase price
    • car park
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • reserve
    • rent guarantee
    • additional expenses
    • purchase price
    • car park
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • reserve
    • rent guarantee
    • additional expenses
    All in price
  • ₹11,42,752
    GROSS RENT
  • ₹1,46,500
    property management fee
  • ₹9,96,252
    net rent
Annual Yield : 8.1%
  • 01 Dec 2017
  • 3 YEARS
  • 30 Nov 2025
  • 10,988 SF
  • ₹ 104
  • 9 YEARS
  • 15%

TENANT DETAILS

The 7th Floor unit is currently tenanted to Ansell (http://www.ansell.com/en.aspx), a $4 billion Australian company manufacturing protective and medical gloves.

The 6th Floor unit is currently under discussion with multiple potential tenants.

Property Share has factored an extremely conservative lease-up period of 5 months and rent-free period of 2 months for the 6th floor unit.

  • 9% going-in Rental Yield
  • 17.1% IRR
  • 2.04x Profit
  • Gold LEED certified building
  • High-end 1 mn sf operational mall
  • Access controlled entry with triple height lobby
  • Located above the Seawoods railway station connecting to south, north and central Mumbai
  • New international airport operational by 2020
  • Close to Transharbour Link connecting Navi Mumbai to central Mumbai
  • $4 billion Australian company manufacturing medical and protective gloves
  • 9 year lease
  • 3 year lock-in
5%
15%
  • PROFIT AMOUNT
  • SALE PRICE PSF
  • MOIC
  • IRR
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
investment ( ₹ 17,58,00,000 )
rents 1,23,09,440 1,37,13,024 1,37,13,024 1,57,69,978 1,57,69,978
interest on deposit 4,86,447 4,86,447 4,86,447 4,86,447 4,86,447
sale value 28,31,27,658
TOTAL ( ₹ 17,58,00,000 ) ₹ 1,27,95,887 ₹ 1,41,99,471 ₹ 1,41,99,471 ₹ 1,62,56,425 ₹ 29,93,84,083
  • A detailed investment note on the property by our Investment Team

     

  • A detailed report on the title by our lawyers Cyril Amarchand Mangaldas

     

Picture

Agreement signed with L&T

21-Mar-2018
Picture

Listing opened

22-Mar-2018