Preleased Commercial Property for Sale in Malad West

This is a preleased commercial building available for sale in Malad West, positioned on S V Road. The property consists of two floors with a carpet area of 1412 sq ft on the ground floor and 1355 sq ft on the 1st floor. Constructed in 2017, the building has a modern glass façade and an internal lift connecting both floors.

Property Details

• Located on the ground floor and 1st floor with an internal lift for ease of access
• Freehold property including land and structure with a plot area of 131.22 sq meters
• Built with RCC structure and features modern glass façade elevation
• Clear height of 14 feet on the ground floor and 10 feet on the 1st floor
• Currently leased to a reputed bank for 9 years starting from 04.04.2024 with assured rental income

The lease terms include monthly rent of Rs. 8.73 lakhs with an increment of 14% after 3 years, and a deposit of Rs. 34.92 lakhs. Property tax is the only outgoing expense, amounting to Rs. 14,000 per month. Maintenance charges and utilities are paid by the tenant bank. The structure will be sold along with conveyance. For site visit or more details, contact AV Properties.