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₹ 25 Lakhs

Min. Investment

8.49%

First-Year Rental

12.97%

Targeted IRR

NRO/NRE

Invest via

This is a rare find. Opportunity usually finished within 2-3 Days

₹ 16.25 Cr

/ ₹ 32.50 Cr

Investment Raised

Schedule a call with our NRI Experts to Invest now

Sunil Sharma

NRI Private Banking & Wealth management

Investment & Return

How can an investor exit?

Investors can sell in the secondary market to an existing investor of this property or a new investor which will be facilitated by the partner.

Taxation

User receives monthly rental payouts and at the time of sale of asset:

  • Rental payouts are taxed at investor’s tax slab in India
  • Gains at the time of sale of asset are taxed at 10%

Investor Lock-in

6 months

Exit Load

1% before 12 months

Why Invest ?

Retail: A Booming Opportunity

As India transitions from a low income to a middle income economy in the coming decade, the retail sector is expected to nearly double in the coming years.

Chennai - An Economic Heavyweight

One of India’s oldest metropolitan cities, Chennai is an economic heavyweight powered by its automotive,manufacturing, and IT industries. The city has a highly educated and growing workforce attracted by its diverse opportunities and affordable cost of living.

Overview

This is an opportunity to invest in an upcoming retail space in Chennai, Tamil Nadu. The asset spans 21,000 sq. ft. and is leased to a leading apparel brand. The asset is valued at ₹ 32.5 Cr. with a long lease tenure and excellent growth prospects.

Tenancy

Tenant Overview

The tenant is a listed retail company and part of one of India’s oldest conglomerates TATA Trent (Westside) . The company has over 400 outlets across the country dealing in fashion, lifestyle, technology, sporting goods, and food.

The asset will host an outlet of the company’s flagship brand. The outlet will offer branded fashion apparel, footwear and accessories for women, men and children, along with a wide range of home furnishings & decor.

Tenant Credentials

HQ: Mumbai
Employees: ~10,000
Revenue: ~₹ 2,700 Cr (FY21)
Brands: 8
Presence: 100+ Cities

Brand is focused towards the young, aspirational upper-middle class Prefers standalone stores over malls Focuses on prominent stores with striking windows and displays


Lease Overview

Monthly Rent

98.6 per sq. ft.

Escalation on base rent

15% every 3 years

Security Deposit

6 months

Acquisition Details

Gross Purchase Price

₹ 31,20,00,000

Stamp Duty & Registration

Borne by the seller

Acquisition Fee (one-time)

₹ 93,60,000

Legal Fees

₹ 15,00,000

Reserves (refunded on sale)

₹ 21,40,000


Net Acquisition Cost

₹ 32,50,00,000

Location

This is a rare find. Opportunity usually finished within 2-3 Days

₹ 16.25 Cr

/ ₹ 32.50 Cr

Investment Raised

Schedule a call with our NRI Experts to Invest now

Sunil Sharma

NRI Private Banking & Wealth management

Not able to decide yet?Schedule 30 Min Consultation

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