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Property Description
This is a branded bar and restaurant space available for sale located on the ground floor in Balkum, Thane West. The property offers a carpet area of 4200 sqft in a new building with Occupation Certificate (OC). It comes with 8 reserved car parking spots.
Property Details
- Located on the ground floor
- New building with Occupation Certificate
- 8 reserved car parking spaces included
- Lease agreement is fresh with a term of 5 + 4 years starting May 2026
- Initial lock-in period of 5 years
- Rent escalation of 12% every 3 years
- Maintenance paid by owner at Rs. 42,000 per month
- Property tax paid by the owner
The current rent is Rs. 9.03 lakhs per month plus GST. The sale price is Rs. 25.20 crore based on Rs. 60,000 per sqft, with some flexibility to negotiate down to Rs. 21 crore. For sale and leasing inquiries, and to schedule a site visit, please contact AV Properties.
Frequently Asked Questions
The sale price of the property is Rs. 25.20 crore with a possible negotiation down to Rs. 21 crore.