₹5 Lakhs

Min. Investment

10.5%

First-Year Rental

15%

Targeted IRR

NRO

Invest via

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

₹9.00 Cr

/ ₹24.94 Cr

Investment Raised

Asset Closed

Investors are getting Monthly Rental & Capital appreciation

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. Or at the time of sale of asset.

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

1 year

Exit Load

Minimal (decided on case-to-case basis)

Exact Returns

Rs. 10 Lakh investment at 6% annual asset value appreciation would give a total return of ~Rs. 27.4 Lakh in 10 years (returns before tax and performance fees)

Why Invest

Excellent Location

The asset is located in Whitefield (Bangalore) is one of the major IT Hub in Bangalore. Surrounded by upmarket residential and commercial places with seamless road, bus & metro connectivity.

Tier-1 Tenant

The tenant is Bhive Workspace which is managing 23,000+ seats across 18 locations in Bangalore. It is Bangalore’s oldest & major coworking/ flex space provider since 2014.

High Rental Yield

Gross first year rental yield of 10.5% with 5% rent escalation every year. One of the best investment opportunities in the CRE market at an affordable ticket size of Rs. 5 Lakh.

Overview

This asset is developed by Brigade Group and is located in the major IT Hub of Bangalore. This asset is already pre-leased to the largest coworking office space operator in Bangalore, Bhive Workspace. The location is well connected by road, bus and metro.

With high yields, long lease terms, excellent location, and a renowned tenant, this asset makes for an excellent investment.

Tenancy

Tenant Overview

Bhive Workspace is an 8 year old, Bangalore’s oldest coworking space operator. It is backed by reputed Venture Capital firms & investors like Nikhil Kamath (Founder, Zerodha). Bhive manages 23,000+ seating capacity in 18 locations in Bangalore.

  • Lease Term:  

    9+6 years

  • Tenant Lock-in:  

    7 years

Acquisition Details

Area (sq.ft.)

22,940


Gross Price (Rs. per sq. ft.)

₹ 7,650


Gross Price

₹ 17,54,91,000


Brokerage

₹ 17,54,910


Interior Investment

₹ 4,72,00,000


Sales/ Marketing/ Retailing Cost

₹ 1,18,80,803


Legal Costs

₹ 15,00,000


Total Price

₹ 24,94,96,865


Location

The asset is located in Brigade Metropolis, Whitefield, Bangalore.

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

₹9.00 Cr

/ ₹24.94 Cr

Investment Raised

Asset Closed

Investors are getting Monthly Rental & Capital appreciation

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