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8.40%
HIGH RENTAL YIELD
17.50%
HIGH RETURNS
Rs. 11,059
ATTRACTIVE PRICE
Tata Croma
GRADE A TENANTS
Name
Tata Croma
Country
India
Description
Tata Croma is a large format retail chain for consumer electronics from the Tata Group having 134 stores in 32 cities.
Time Period
Lease Start Date
01 Apr 2018
Lock-in Period
2 YEARS
Lease End Date
01 May 2033
Tenant Highlights
11,625 SF
Total Area
₹58
Rent Per SF
15 YEARS
Lease Period
14.3%
Escalation
Name
Urban Ladder
Country
India
Description
Urban Ladder is an omnichannel furniture and decor retailer based out of Bangalore having currently has 3 experience centers in Bangalore and distribution across 75+ cities in India. It has raised $112.8 mn funding from marquee VCs like Kalaari, Sequoia and SAIF Partners.
Time Period
Lease Start Date
01 Nov 2017
Lock-in Period
1 YEARS
Lease End Date
01 Oct 2026
Tenant Highlights
6,188 SF
Total Area
₹73
Rent Per SF
10 YEARS
Lease Period
15%
Escalation
Name
Godrej Nature's Basket
Country
India
Description
Nature's Basket is a grocery and fresh food store chain from the Godrej Group having 37 stores in Mumbai, Bangalore and Pune.
Time Period
Lease Start Date
01 Sep 2018
Lock-in Period
1 YEARS
Lease End Date
01 Jun 2028
Tenant Highlights
3,375 SF
Total Area
₹89
Rent Per SF
10 YEARS
Lease Period
15%
Escalation
Name
The Organic World
Country
India
Description
The Organic World is a retailer of organic groceries, apparel, home needs and personal care products backed by ex-Infosys co-founder S D Shibulal having 7 experience centers currently across Bangalore.
Time Period
Lease Start Date
01 Feb 2019
Lock-in Period
2 YEARS
Lease End Date
01 Jan 2028
Tenant Highlights
1,400 SF
Total Area
₹150
Rent Per SF
9 YEARS
Lease Period
15%
Escalation
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Miraya Rose is located on the Whitefield Main Road with close proximity to large IT Parks like ITPL, five-star hotels, Bangalore’s largest mall, large residential complexes, hospitals and highly rated international schools.
The location also enjoys excellent connectivity to the major MNC’s like Hindustan Unilever, Britannia, Tesco, Capgemini, Accenture, HP, among others. There are two major four-lane roads that connect Whitefield to Bangalore city.
Whitefield is being connected by extending the current purple line by 13 stops from Byappanahalli station. Once completed (expected 2020), rents and prices in Whitefield will increase significantly leading to strong upside on investment.
Property Share’s units are located on the Ground Floor totaling 22,588 sf with full frontage on the Whitefield Main Road.
There is an opportunity to purchase a 22,588 square feet retail space in High Street Miraya Rose, a Grade A project, located in Whitefield, for an all-in cost of Rs. 27,37,00,000 (Rs. 11,059 per sf purchase price).
The listing is a combination of 4 units on the Ground Floor:
1. 11,625 sf leased to electronics retailer Tata Croma on a 15 year lease and 27 months lock-in
2. 6,188 sf leased to omnichannel furniture chain Urban Ladder on a 6 year lease and 24 months lock-in
3. 3,375 sf leased to grocery chain Godrej Nature's Basket on a 10 year lease and 18 months lock-in
4. 1,400 sf leased to omnichannel organic products retailer The Organic World on a 9 year lease and 24 months lock-in
Miraya Rose is a Grade A high-end mixed-use project developed by the UKn group with 82 high-end residential apartments, 32,000 sf of Grade A office and 62,000 sf of retail. The retail portion of the development is leased to marquee retail and F&B tenants like Starbucks, Toni & Guy, Truefitt & Hill, Toscano, Ebony, Daily Sushi, Cold Stone, Cafe Noir, Godrej Nature’s Basket, The Organic World, Tata Croma and Urban Ladder.
All 4 units are located on the ground floor with frontage on the Whitefield Main Road leading to higher footfalls and sales.
Whitefield is the second largest office and residential market in Bangalore with approx. 22 million sf of office stock (20% of total Bangalore market) with offices of major MNCs like Hindustan Unilever, Britannia, Tesco, Capgemini, Accenture, HP, among others.
Investment Note
A detailed investment note on the property by our Investment Team
Legal Title Report
A detailed report on the title by our lawyers Cyril Amarchand Mangaldas
How much do you want to invest?
Rental Yield
8.4%
Monthly Rent
₹ 35,021
Ownership
1.8%
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