Brigade Metropolis, Bangalore
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₹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
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.
