Listing Details : LB-11830

Asking Price 4.5 Crs
Turnover N.A
Legal Entity Proprietorship
Category Real Estate
Sub Category Commercial Pre-Leased
Business Listed By Business Owner

Overview

It is a Preleased Property on lease from 2008. It is in a very prime location in Dehradun. It is given on lease for high-end commercial purposes. The property has a Built-up Area of 8500 sq. ft. and the carpet area is 6000 sq. ft. divided into two floors for a total rent of Rs.2.6 Lakhs monthly. The property is on a lease agreement for 15 years on the first floor given to a Multinational Company of Paints that has an Office there in 2500 sq ft and on the Ground Floor the Property is Split into two sections of 3000sq feet, One is Given to Ink Distribution for Godown Purpose for 6 years and another for Godown to Plyboard Company for again 6 years. All Agreements get Renewed yearly. The rent escalation on the property is 5 per cent yearly.

Year of Establishment

2008

No. of Employees

0

Current Status of Business

Running

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

N.A

Describe Property

The property has a Built-up Area of 8500 sq. ft. and the carpet area is 6000 sq. ft. divided into two floors for a Total rent of Rs.2.6 Lakhs monthly.

Competition / Market

No Competition.

Products & Services

The property is on a lease agreement for 15 years on the first floor Given to a Multinational Company of Paints that has an Office there in 2500 sq ft and on the Ground Floor the Property is Split into two sections of 3000sq feet, One is Given to Ink Distribution for Godown Purpose for 6 years and another for Godown to Plyboard Company for again 6 years. All Agreements get Renewed yearly.

Growth Potential

Yes, there is Growth Potential.

Reason For Sale

Personal Reasons.

Financial Details

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