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Commercial Real Estate Assets for Sale in Chennai, India

For Sale: Commercial building with 4 floors located in a prime area of Chennai.

Ownership Duration 20-30 year(s)
Industries Commercial Real Estate
Locations  Chennai
Local Time 4:43 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Asset Sale
Asking Price: USD 23 million (Native Currency: INR 1,950,000,000)
Reason: Owners are looking to focus on and expand their pharma business.
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Assets Description
- Looking to sell a commercial building located in Chennai.
- The building and land is company owned and located in a prime area just off OMR.
- There are 4 floors with a total land area of 90,000 Sq. Ft.
- There is currently one IT company that has taken up the entire building on rent for their corporate office.
- The company will continue to be a tenant for the next 5 years.
- This is a good rental yield asset located at heart of the city.
- The building has minimum FSI achieved.
- Sale would include entire land and building.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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