Luxury PG Building for Sale Near Kodathi Gate, Close to Wipro Corporate Office

Sarjapur road, Kodathi Gate, 560035, Karnataka, India

November 18, 2024

Property Description
For Sale ₹6cr

Property Overview:

  • Location: Kodathi Gate, Near Wipro Corporate Office, Bangalore
  • Plot Area: 1740 Sq. ft.
  • Super Built-Up Area (SBUA): 10,850 Sq. ft.
  • Building Structure: Ground + 6 Floors
  • Facing: East-facing Main Door
  • Total Rooms: 55 Rooms (Ideal for PG Accommodation)
  • Sale Price: ₹6 Crore (Slightly Negotiable, not more than ₹5 Lakhs)

Key Features:

  • Prime Location: Situated in a high-demand area near Wipro Corporate Office, this property is perfectly located for a luxury PG (Paying Guest) business catering to professionals and students in the nearby tech hubs and business districts.
  • Newly Constructed Building: Only 3 months old, the building is in pristine condition with modern amenities and high-end finishes.
  • Excellent Rental Income: The property currently generates a steady rental income of ₹5.5 Lakhs per month, with a 3-year tenant lock-in agreement, ensuring stability and long-term returns. Additionally, the rent is set to increase by 5% annually.
  • Ample Space: With 55 well-designed rooms across 7 floors, this building offers ample space for PG accommodations. The structure is designed for maximum room utilization, providing comfortable living spaces for tenants.
  • Water and Power Supply: Equipped with an Own Borewell for water supply, ensuring uninterrupted access to water. DG Backup with a 35 KVA capacity provides power security during outages. BESCOM Power Connection with a 40 KVA sanction ensures reliable electricity supply for the entire building.
  • Lift Facility: The building is equipped with a 6-person lift, ensuring convenience and accessibility for all residents.
  • Road Access: The property has a 20-foot road approach, offering easy access for tenants, service vehicles, and deliveries.

Investment Highlights:

  • Consistent Cash Flow: With a tenant lock-in agreement in place for 3 years and a yearly rent increase of 5%, this property promises strong, predictable cash flow and high rental yields.
  • High Demand Area: Located near Wipro Corporate Office, this area is a hotspot for working professionals, especially those employed in the nearby IT parks and corporate offices, making it a prime location for a luxury PG setup.
  • E-Katha Property: The building has E-Katha legal status, ensuring clear title and a hassle-free transaction process.
  • Ideal for Investors: This property is a fantastic opportunity for investors seeking a low-risk, high-return asset with long-term stability in one of Bangalore’s most dynamic localities.
  • Type

    Apartment
  • Build

    NA
  • Size

    1740/Sq/ft - Sqft
  • Lot Size

    NA
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maheshvenkat2013
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