Date of Agreement: 01-10-2012
Escalation: 25% after 5 years.
Current Rent Details:
Rent from Branch: (G+1) Rs.120000, (25% Increment from Oct 2017)
Rent of ATM (Ground) Rs.11250 (25% Escalation in 2019)
Rent of Hoarding (Terrace) : Rs.10,000
Education Institution on second floor, 1600 sq.ft. : Rs. 25,000 (10% escalation in Aug 2017)
VSAT Vodafone rent : Rs.7,500 p.m.
Total Current Net Rent: 1,73,750.
Expected Rent from Oct 2017: Rs.2,06,250.
Property Fact File:
1) It s a 132feet road touch near AEC, commercial Tenament with 233 Sq.yards Plot Size.
2) Total Builtup area: 3600 Sq.ft. Carpet.
3) Out of this area 2000 Sq.ft. carpet on Ground and First Floor is utilized by bank.
4) All the taxes and maintenance is paid by the bank.
5) Rs.6000 p.m. expense towards usage of Hoarding on Terrace is also paid by the Vendor.
6) This is a society of Gujarat Housing board with 114 Tenaments but for this tenement, Sale deed is already done by the owner so transfer can be easily facilitated.
Association transfer fees Rs.1 Lac
Jantri 70 Lac
Title Clear Property.
Asking rate : Rs.4.25 Cr. Negotiable
Transfer Fees 1 Lac.