Asset Type: Commercial Only

Location: Kolhapur (M. Corp)

Approach Type: Standard

Category: Building Dev Contribution

Stage: Land Purchase: Agreement to Sale

Risk Profile: -

Investment Requirement: Rs 1.9 CR

Expected Returns: -

Description:
7th floor office space, 1250 Sq ft carpet available for sale and 1250 Sq ft of pre-leased space available for sale with lease transfer of Rs 40/Sq ft. say Rs50,000. For Purchase, Price quoted is Rs 8,500/Sq ft on the saleable area which is 1650 Sq ft. For Lease, Rs 40/sq ft say Rs50,000 on carpet area with Rs 2,500 maintenance. This includes one four wheeler and four two wheeler parkings. Specs: Newly constructed property, prime location, Located at the Aditya Corner, Rates can be negotiated with Mr. Nirmal Lohia, good friend of Mr. Pranay Mule

Why this deal is attractive:
This deal is attractive because it offers a newly constructed 7th-floor office in a prime location at Aditya Corner, combining both ownership and rental income potential. The 1250 sq ft carpet area is available for sale along with an equal amount of pre-leased space generating Rs 40/sq ft rental (approx. Rs 50,000/month), providing immediate returns. The purchase price of Rs 8,500/sq ft on a 1650 sq ft saleable area is competitive for a premium location. Additionally, the property includes valuable parking (one four-wheeler and four two-wheelers) and low maintenance costs of Rs 2,500. With negotiable rates and a direct connection through trusted contacts, this deal offers strong investment value and flexibility for both end-use and rental income.

Biggest Risk:
The biggest risk is the reliance on the pre-leased rental arrangement for returns. Since the deal’s attractiveness depends partly on the existing lease (Rs 40/sq ft ~ Rs 50,000/month), any lease transfer issues, tenant exit, or delay in documentation could impact immediate income. Additionally, the price is based on saleable area while rental is on carpet area, so actual yield may be lower than expected. Negotiation dependency and informal references also mean due diligence on title clarity, lease terms, and approvals is essential.