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Miraya Rose II Whitefield cover image
Miraya Rose II
Whitefield, Bangalore
Miraya Rose II Whitefield big hero
something

7+

Miraya Rose II

Whitefield , Bangalore

Fully Funded

* Min. Investment 50 lakhs

Monthy Rent

₹35,816

Ownership

2.9%

Bid/ ask

You can now place both Bids and Offers with PropShare capital.

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 Highlights

8.60%

HIGH RENTAL YIELD

17.2%

HIGH RETURNS

Rs. 11,660

ATTRACTIVE PRICE

Tata Zudio

GRADE A TENANTS

Investment Returns

Investment Amount

Tenant Details

Name

Tata Zudio

Country

India

Description

Large format retail chain for fashion apparel from the Tata Group under its retail arm Trent having 84 stores across India

Time Period

Lease Start Date

01 Apr 2020

Lock-in Period

3 YEARS

Lease End Date

30 Mar 2035

Tenant Highlights

5,963 SF

Total Area

₹71

Rent Per SF

15 YEARS

Lease Period

15%

Escalation

Name

Toscano

Country

India

Description

Fine-dining Italian restaurant chain with 10 restaurants across Bangalore, Chennai and Pune

Time Period

Lease Start Date

28 Jun 2018

Lock-in Period

3 YEARS

Lease End Date

28 Jun 2033

Tenant Highlights

2,100 SF

Total Area

₹75

Rent Per SF

15 YEARS

Lease Period

15%

Escalation

Name

Ebony

Country

India

Description

Fine-dining multi-cuisine restaurant serving a mix of Indian, Parsee, European and South Asian cuisines

Time Period

Lease Start Date

28 Sep 2018

Lock-in Period

3 YEARS

Lease End Date

28 Sep 2028

Tenant Highlights

1,995 SF

Total Area

₹71

Rent Per SF

10 YEARS

Lease Period

15%

Escalation

Name

Zee EDGE

Country

India

Description

Fusion dining restaurant and lounge serving multiple cuisines. It is owned by Zee Entertainment held by Essar Group.

Time Period

Lease Start Date

01 Mar 2019

Lock-in Period

2 YEARS

Lease End Date

01 Mar 2028

Tenant Highlights

3,150 SF

Total Area

₹108

Rent Per SF

9 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 15,40,00,000

₹ 1,01,64,000

₹ 30,80,000

₹ 10,00,000

₹ 40,56,000

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 2021), 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, First, Second and Third Floors totaling 13,208 sf with full frontage on the Whitefield Main Road.

Miraya Rose II Whitefield floor plan

Investment Overview

There is an opportunity to purchase a 13,208 square feet retail space in High Street Miraya Rose, a Grade A project, located in Whitefield, for an all-in cost of Rs. 17,23,00,000 (Rs. 11,660 per sf purchase price).

The listing is a combination of 4 units:

1. 5,963 sf leased to fashion retailer Tata Zudio on a 15 year lease and 3 year lock-in

2. 2,100 sf leased to Italian restaurant chain Toscano on a 15 year lease and 3 year lock-in

3. 1,995 sf leased to multi-cuisine restaurant Ebony on a 10 year lease and 3 year lock-in

4. 3,150 sf leased to fusion restaurant and lounge Zee Edge 9 year lease and 2 year 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 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 Update

Key Updates

24-Jan-2020

Price Negotiated

28-Jan-2020

Private Listing Live

04-Feb-2020

Pre book Listing Live

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