PRE-RENTED HOTEL FOR SALE (GREATER NOIDA)
Realty Junction
Pre-leased Hotel for Sale (Investment Based Opportunity)
This is Under-Construction hotel in prime location of Greater Noida. Project is in final stages of construction. It is a Pre-leased property to a leading hospitality group(agreement recently signed).
SPECIFICATIONS
Construction: Newly Built (with Complete Approvals), will be operational in few months;
Project Details: It's a huge project which involves Hotel, Mall, Commercial/IT Space(Offices), Studio Apartments, Club etc.
Total Plot is 10 Acres, 1.87 is the FAR, nearly 10,00,000sq' FSI
IT-6,50,000sq', Commercial-1,50,000sq', Studio-1,50,000sq' , Services-50,000sq'.
Location: Best Possible Location of NCR. This is in Commercial Hub of Greater Noida(Knowledge Park-3), extremely near to Pari Chowk. Hotel is in good vicinity of Sharda University & IIT Roorkee Campus. There is close proximity to good number of leading MNCs/Business Houses;
Plot Size: 800 Sq.M
Rooms: 96
Restaurant & Bar: Big restaurant/bar & waiting lounge on ground floor
Monthly Rent: 17.6 lacs;
Security Deposit: 6 Months Rent(will be provided to buyer at time of Possession);
Possession: April 2012(12% Assured ROI till Possession);
Rent Increment: 10% increase after every 3 yrs;
Lease Period: 30 yrs(Long-term Lease)
In case any party wish to renew the agreement, it will give written notice at least nine months in advance to the other party before the expiry of the agreement and both parties will decide terms & conditions of agreement.
Lockin: 30 yrs.(Good Number of years in Lockin is major plus point in hospitality deals);
Asking: 26.5 Cr.Only(Non-Negotiable). Expected Valuation of this property is above 30 Cr.
Expected Return for Investor: Value for investment is assured. This property is available at impressive return of around 8.5%. Pre-rented Hotels are usually sold at 4 to 7%. According to current Market Scenario, Value of Hotel properties increase at much faster rate than typical commercial properties. As per valuation, Buyer(Owner) can expect to sell this property at exceedingly good profit margin of 12-15 Cr. within 3 yrs time frame.
Rgds
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SUDHIT SETHI
Director
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