Pune Warehouse – Investment / Rental Income Opportunity
hBits 1
Property ID
Description
Overview
Pune Warehouse Opportunity is in the heart of the Talegaon warehousing and industrial belt. The warehouse is built on freehold land and is leased out to an MNC tenant- General Motors, the world’s fourth largest automobile manufacturer.
Talegaon Warehouse Belt
Talegaon is on the outskirts of Pune in proximity to Chakan. It’s a fast-growing warehousing destination in India due to its connectivity to all significant State highways.
Tenant:
Tenant General Motors | Min Ticket Size 25 Lakhs | Rental Yield 9 | Expected IRR – 14.41 Calculated on Asset value appreciation of 6.5% CAGR | Asset Area 1,20,686 sq ft | Asset Value ₹ 40.35 Crore |
General Motors
Founded in 1908, General Motors is an American multinational automotive manufacturing conglomerate listed on the NYSE. GM is among the world’s largest automakers by vehicle unit sales. The largest automaker in the United States and the fourth largest in the world, General Motors operates in over 57 countries across six continents.
Area 1,20,686 sq ft | Security Deposit Rs. 68,79,102/- | Lock-in Period 2 Years |
Rent 20.95 psq ft pm | Fitouts Done by Tenant | Lease Period 5 Years |
Escalation 5% Every Year | Lease Start Date October 2020 | Lease End Date October 2025 |
Cost Breakup:
- Cost of Premises ₹ 35.75 Crore 88.59%
- Stamp Duty + Registration ₹ 2.14 Crore 5.32%
- Advance Property Tax (3 years) ₹ 18.16 Lakhs 0.45%
- Legal Fees ₹ 12 Lakhs 0.30%
- Admin Expenses ₹ 33 Lakhs 0.82%
- Acquisition Fee ₹ 1.21 Crore 3.00%
- Reserves ₹ 60.67 Lakhs 1.50%
- Total Acquisition Cost ₹ 40.34 Crore 99.98%
Location Advantage:
Talegoan is a fast-growing warehouse destination | Proximity to major warehousing and industrial belts | 24-hour electricity and water supply | Excellent connectivity directly connected to Talegaon MIDC via a network of well-developed roads
Railway
Chinchwad Railway Station – 33 Km
Airport
Pune – 45 KM
Navi Mumbai International Airport – 105 Km
Roadway
Mumbai-Pune Expressway – 10 Km
Chakan MIDC Road – 11 Km
Address
- Country: India
- Province / State: Maharashtra
- City / Town: Pune
- Property ID hBits 1
- Price Asset Value Rs. 40.35 Crore / 0.75% Rentals on Investment Per Month
- Property Type Commercials
- Property status Commercials/Investment
- Rental Yield 9%
- Expected IRR 14.41%