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Property Description
This is a standalone commercial property available for sale in Malad West. The property consists of two floors with a total area of 2767 sq. ft. constructed in 2017 and comes with a freehold ownership status. There is an internal lift connecting the ground and the first floors, ensuring easy access between the two levels.
Property Details
- The ground floor measures 1412 sq. ft. with a height of 14 feet
- The first floor measures 1355 sq. ft. with a height of 10 feet
- Constructed in 2017 with freehold ownership
- Includes an internal lift connecting both floors
- Property is pre-leased with a fixed rental income and bank as tenant
- Lease term of 9 years starting from April 2024 to April 2033
- Annual property tax is paid as outgoing expenses
The monthly rent is Rs. 8.73 lakhs with a 14% increment every 3 years, and a deposit of Rs. 34.92 lakhs is applicable. This property offers a stable rental income with secure lease terms. For site visit or more details, contact AV Properties.
Frequently Asked Questions
The expected price for this commercial property in Malad West is Rs. 18.5 crore, including conveyance.