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Property Description
This is a preleased commercial shop available for sale in Kemps Corner, located on the main road with a carpet area comprising 200 ground floor plus 200 loft area. The shop is leased to a very good multinational brand on a new lease agreement, offering a 7% return on investment (ROI).
Property Details
- Located in Kemps Corner, facing the main road
- Carpet area includes 200 ground floor plus 200 loft
- Lease agreement is new with a period of 5 years
- License fee is Rs 1.10 lakhs per month with 5% yearly escalation
- Lock-in period of 3 years with interest-free security deposit of 3 to 4 months
The shop is under a License & Lease agreement with clear payment terms and taxes allocated between licensee and licensor. For further details and site visit, contact AV Properties.
Frequently Asked Questions
The sale price of the preleased shop in Kemps Corner is Rs. 1.80 crore.