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Property Description
This is a pre-leased commercial investment property in Mindspace, Malad West, offering a large usable area of 16,100 sq. ft. The property is currently occupied by a tenant and includes 15 car parks, making it suitable for investors seeking an established commercial asset with existing rental income.
Property Details
- Located in Mindspace, Malad West
- Provides 16,100 sq. ft. of usable commercial area
- Includes 15 car parks
- Currently occupied by a tenant since 2008
- Offers strong existing rental income
- Potential for a fresh 5-year lease upon purchase
- Has rental escalation potential
- Represents a large corporate floor plate
- Reported net yield is approximately 6.84% per annum
- The property is presented as a distress investment opportunity
The asset is positioned as a pre-leased commercial investment with an established tenant profile and potential for lease renewal. For site visit or more details, contact AV Properties.
Frequently Asked Questions
The distress asking price is Rs.50.50 crore and is slightly negotiable.