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Property Description
This is a commercial property comprising 10 merged shops available for sale on the 1st floor in Borivli West. The total carpet area of all 10 shops combined is 5842 sqft. These shops are preleased to a premium paint brand under a 15-year lease agreement starting from 01/03/2024.
Property Details
- The shops are located on the 1st floor of a ground plus first floor commercial building with OC received
- All shops have road frontage with wide visibility
- 10 reserved parking spots are included
- The lease agreement has a lock-in period of 24 months, with rent increment of 15% every 3 years
- The rental income for all 10 shops is Rs. 13.50 lakhs per month with a deposit of Rs. 54 lakhs
The seller has stated that the final sale price is non-negotiable at Rs. 58000 per sqft, totaling Rs. 33.88 crore for all 10 shops. For site visit or more details, contact AV Properties.
Frequently Asked Questions
The total sale price for all 10 shops on the 1st floor is Rs. 33.88 crore.