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Property Description
This is a vertical shop used as a preleased gym for sale in Kandivali West. The property spans 5968 sqft and currently commands a rent of Rs. 10.50 lakhs per month with a long-term lease agreement in place.
Property Details
- Currently leased with a 5-year lock-in period starting July 2026
- Rent escalates by 12% every 3 years under the agreement
- Monthly maintenance of Rs. 31,588 paid by the owner
- Property tax of Rs. 26,032 per month is also owner-paid
- Expected sale price is Rs. 33 crores, negotiable
ROI is noted to be low at 3.6% but the location has high property rates with potential appreciation over the next 2 to 3 years. For site visit or more details, contact AV Properties.
Frequently Asked Questions
The expected sale price for this vertical shop in Kandivali West is Rs. 33 crores, which is negotiable.