BCM Zest, Electronic City Phase 1

Electronic City commercial building for sale

BCM Zest
Electronic City Phase 1

land area - 54500 Sqft
existing leased area - 109000 sqft
Current rent - 7 cr + 1 cr cam margin [ total 2 cr cam collection ] plus gst .

New block :
Plan sanction sent for approval
built up area - 45000 sqft
(+) 18000 sqft parking , basic loading , balcony.

Future Additional rent - 4 cr incl new rent and cam margin , parking etc

Total rent - 12 Cr

Single Owner : SPV holding -
Hdfc bank LRD of 55 cr

Single Tenant for both building
Lease start date - 2019- valid till 2024 and extendable till 2029 -
tenant renewing
Renewed Lease - 9 yrs
Lock in - 4 yrs
Deposit - 3.7 cr existing and 1.8 expected for new.
Tenant name -Merck pharma

Price - 125 cr. Slightly negotiable