Koramangala Commercial Building

A brand-new tenanted commercial independent building is available for sale in the prime locality of Koramangala 5th Block, Bangalore. Spanning a land area of 7,054 sq. ft. with a built-up area of 36,277 sq. ft., the property comprises a basement, ground floor, four upper floors, and a terrace. It is leased to a single tenant, generating a rental income of ?27,25,400 per month plus GST, with rent commencement set for December 2024. The lease agreement is for 15 years, with a lock-in period of 5 years, a deposit of ?2.12 Crores, and an annual rent escalation of 5%. The property holds an A Khata and has an Occupancy Certificate (OC) in place, maintaining legal compliance. Offered at an asking price of ?55 Crores, this commercial building is a lucrative investment opportunity in one of Bangalore’s most desirable neighborhoods.