"A rent earning, tenanted commercial office space of 29,911 sft at 12th floor level of Prestige Shantiniketan is available for investment. The price is Rs. 21.69 Cr (Including of 30 Car parks). The lease period is for 10 years and will expire in 2025. The rental returns is 5.21%. This ensures an uninterupted rental returns for a period of 10 years to the buyer in addition to the capital appreciation of 12-15% that could be expected annualy in this locality. Prestige Shantiniketan is a fully operational Tech Park located in Whitefiled. Prestigious firms like Capgemini, Accenture, Hindustan Unilever, Canon, AIG insurance etc.are some of the tenants who have occupied office space in this property. The location has excellent connectivity to different parts of the city through an active web of roads, highways and expressways. The HAL Airport Road, ITPL main road and other national highways and state highways surround the locality. The Phase 2 of Namma Metro will also cater to the commuting needs of this locality. Whitefield is also connected with an extensive bus service offered by the BMTC.
Property type: Commercial office space
Saleable area: 29,911 sft
Level - 12th
Price: 6750/- per sft
Car parking: 5 Lac for each car park
Total price : 21.69 Cr (Inclusive 30 car parks)
ROI: 5.21 %"