Pre-rented independent building is those building generally which is fully or partially rented out to the tenant and can be bought by only one party. can not be sold by floor wise and unit wise. these buildings are generally constructed on the industrial plot. being constructed on the industrial plot the price of land is very low and property tax is also almost nil compared to Commercial pre-leased the building or IT buildings.
So the companies who are looking for cheaper rental space and their whole building they always go for these independent buildings. They at one hand gets bigger area and have to spend lesser on rental.this building attracts big ticket size investors to invest their money. And the ROI is usually 7.5 %-9% on these buildings. the lease is on standard lease terms as it is in the case of commercial building.
Why buy Pre-Rented Independent building?
- Gives Authority over the full building -: Since these independent building can be bought by only one party it can be company individual person Hindu undivided family etc. So it gives you the authority over property and no one else can come between.
- Higher ROI -: since ticket size is big so negotiation is always there. And attracts higher ROI.
- higher Appreciation-: since per sqft rental is very low in these buildings so they are in great demand. thus resulting in the great appreciation in a long time.
- Low Maintenance cost- Till the time property is rented out maintenance cost is borne by tenant itself. but after the expiry of lease, it has to be born by the Owner itself. in a case of commercial office space and IT buildings, it is between 16-26 rs PSF. but in a case of these independent building constructed on Industrial plot attracts very Low maintenance cost which is between 5-6 rs psf during its being operational and in vacant it is between 3-4 rs psf, Which is a big save for investor.
- Lower Property Tax- When you own a property you also have the liability to pay tax. the bigger your investment size the bigger is a tax liability. In commercial property tax is 11-15 Rs PSF and in industrial plot its 5-6 rs per sqyd. Which ios far low compared to commercial property.
What is the Location for buying Pre-rented Building In Gurgaon?
When it comes to buying the pre-rented building in Gurgaon there are few locations where these types of options are found.
- Udyog Vihar Ph1,2,3,4,5-: Udyog vihar is the best location to invest in pre-rented building in Gurgaon. its close proximity to NH-8 and IGI airport makes it one of the best location to invest in Pre-rented building in Gurgaon. Udyog vihar is been allocated in 5 phases and plot size varies from 300 mt to 1000 mt. Very big brands like Snapdeal, Amazon , Spice jet etc. has taken spaces over there.
- Pace City 1,2-: Pace city is home to many international brands. its close proximity to NH-8 and Sohna road golf course road and Manesar makes it a perfect investment option.
- Sec.44 Gurgaon-: This location is surely best options for those who wants to buy property in gurgaon. this location is near by to Huda city metro staion.