*3.11 Acres IT Park for Sale in Electronic City Phase 1*
🔮Full Building Available for sale - at SPV Level
🔮Ground+8 Floors+ Terrace+Basements
🔮No of Car Parks:441
Holding of Building
🔮Structured into 4 SPV.Canteen and Basement are Undivided Share
🔮Total Leasable Area of 372343 sqft
🔮Office Area 344763 sqft
🔮Canteen Area:27580 sqft
🔮More than 50% Leased by CGI: Canadian IT Major:206000 sqft
Other Tenants:British Engines,Tetex India,Sigma,Adrich,Terex,Yash Tech
🔮Annual Income on Building:19.83 Crores
Property Tax+ Insurance:0.424 Cr
🔮Entire Building is Under LRD to a MajorIndian Financial Institution.
*Annual Rental break ups*
Rent:🔮2019-2020:17,9703,701 Cr,
🔮Parking:72,00,000,
🔮Other income:14,00,000
🔮CAM Surplus:1,47,49,379 Cr,
🔮Sub Total Rent:20,30,53,080 Cr
ESCALATION:5% Every Year
Price:342 crore
Must be in Buyers Letter Head only and not in any Associate / Sister concern.
To,
The Director,
Dear Sir,
Sub: Letter of Interest for E.City Tech Park,3.11Acres at 342 crore rupees is the final price.
We came to know that your E.City Tech Park, Tenanted Commercial Building which is earning tenanted rent situated at Electronic City Bangalore, is for Sale.
We are looking for Group of Tech Park in Bangalore and India, and very much interested to purchase your Esteemed E.City Tech Park.
In this regard,we understand that it is for sale and Keen to purchase /acquire the same as per specifications provided by you.
Please do consider this as our " Letter of Interest'' and kindly give us Welcome Letter for personal inspection of the premises and Documents and Date of the meeting, to your Esteemed Tech Park for one to one conversation at your convenience; we would at an appropriate time would provide you with Fund Proof necessary to Authorized persons only due to confidentiality of the subject.
Kindly Contact,
Thank you,
Authorized Signatory (with seal)
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