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Miraya Rose
Whitefield, Bangalore
Miraya Rose Whitefield big hero
something

3+

Miraya Rose

Whitefield , Bangalore

Resale

6.9%

HIGH RENTAL YIELD

17.50%

HIGH RETURNS

Rs. 11,059

ATTRACTIVE PRICE

Tata Croma

GRADE A TENANTS

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 Returns

Investment Amount

Tenant Details

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

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

Name

New Tenant (LOI signed)

Country

Description

Time Period

Lease Start Date

-

Lock-in Period

YEARS

Lease End Date

-

Tenant Highlights

6,188 SF

Total Area

Rent Per SF

YEARS

Lease Period

%

Escalation

Property Pricing

₹ 24,97,95,163

₹ 1,64,86,481

₹ 49,95,903

₹ 10,00,000

₹ 14,22,453

Location Highlights

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.

Floor Plan

Property Share’s units are located on the Ground Floor totaling 22,588 sf with full frontage on the Whitefield Main Road.

Miraya Rose Whitefield floor plan

Investment Overview

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 retail units on the Ground Floor currently leased to Tata Croma, Nature's Basket and The Organic World.

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 and Tata Croma.
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.

Webinar

Reports

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