pre rented property is one of the most sought after investment option in Real estate segment and offers wide range of investment options like pre rented office space, pre rented retail shops, pre rented bank and pre rented independent building. but before we dive into in the topic lets know what exactly is pre rented property?
What is pre rented property?
pre rented property other wise known as pre leased property is a property/Asset is ready to move property that is rented out to a tenant/brand for a mutually agreed period and fetching a monthly rental for the owner of the property.
So if a property be it commercial, residential or institutional which fulfills 3 conditions. 1st it has to be ready to move 2nd there has to be an agreement between the tenant and the owner of the property and has to be registered with concerned authority and 3rd the tenant should be at that space.
Types of Pre Rented property?
There are various types of pre rented properties available in the market and as per the taste and budget they are traded in the market.
1. Pre rented bank property
pre-rented bank property is the most sought after investment option in pre rented segment and bank rented property is considered the safest investment that fetches a regular rent for a very long term. bank rented properties are hard to come by and when they arrives in the market they are sold out in no time.\
bank rented property fetches 4% ROI and the ticket size generally starts from 3.5 Cr onwards.
2. Pre rented office space
Pre rented office spaces are the next best thing in pre rented property segment they comes in bulk provide you better ROI and starts from 1 Cr onwards. The best locations for buying pre rented commercial property in Gurgaon are Golf course road, Golf Course Extension road, Mg road and Sohna road.
these pre rented office spaces are rented out to MNC companies and fetches you a monthly rental for a period of 9 years with 15% escalation after every 3 years. If you could locate good building, Good tenant then you can get more appreciation than pre rented bank.
3. Pre rented retail space.
pre rented retail spaces are those options where retail shops are rented out to a retail brand and fetching you a monthly rental for a long time. In Gurgaon you can find pre rented retail spaces on Golf Course Extension Road, Golf Course Road and MG road.
pre rented retail shops offers 4-5% ROI and investment starts from 2 Cr onwards.
4. Pre rented Independent Building.
Pre rented independent buildings are next investment option in pre rented segment that is very popular among HNI clients or corporates. you can find pre rented independent buildings in Udyog Vihar, Sector 44 of Gurgaon.
The ROI is around 7%-8% and investment starts from 20 Cr Onwards.
5. Pre Rented SCO
Pre-Rented SCO are another pre-rented options in Gurgaon. We have pre-rented SCO available in sector 29 Gurgaon. ROI in Pre rented SCO starts from 5% onwards and ticket size starts from 20 cr onwards.
Best locations for buying Pre rented properties in Gurgaon
1. Golf Course Road Gurgaon.
Golf course road is one of the best location for buying any Commercial & Residential projects in Gurgaon. this location has beautifully designed office buildings which are the office address for fortune 500 companies and many well know Indian companies.
We have pre rented properties on golf course road Gurgaon that is leased out to MNC Tenants and retail brands for a long time and fetching you a monthly rental with good property appreciation. ROI on Golf Course road that you can expect is 6-7% and investment starts from 3.5 cr onwards.
2. Golf Course Extension Road Gurgaon.
Golf Course extension road, Gurgaon is another hot pre rented investment location which has appreciated a lot in recent times. Golf course extension road is adjacent to Golf course road and has great infrastructure along with world class office spaces.
We have got multiple options of pre leased properties on Golf Course extension road, be it commercial office spaces, retail spaces and SCO plots. ROI that you can expect on Golf Course extension road is between 6-7% and investment starts from 1.5 cr onwards.
3. MG Road Gurgaon
MG road is another hot location where you can find many pre rented office spaces, pre rented retail spaces and bank rented property in Gurgaon.
ROI that you can expect on MG road in any Pre rented investment falls between 4-7% and investment size is somewhere between 4-5 cr.
4. Sohna road Gurgaon
Sohna road is another location for buying pre rented properties in Gurgaon. Sohna road offers pre rented office spaces, pre rented retail spaces and pre rented banks as an investment option in pre rented segment.
The ROI that you can expect on Sohna road is 6-7% and investment starts from 1 cr onwards.
Things to keep in mind Before buying pre rented commercial property in Gurgaon
buying a pre rented property requires a lot of research and involves lots of documentation and time to verify the documents. so hiring a consultant who has professional experience of handling pre rented documents is must when buying a pre rented property in Gurgaon.
So here are few points that you can keep in mind before finalizing your deal and best advice would be to get in touch with us.
1. Location
1st important point while you are planning to buy a pre rented property in Gurgaon is location, because having a good location ensures the property appreciation in long time.
But when we talk about location it not only means the location of project but the location of your unit as well. having a good location of the project necessarily doesn’t mean the appreciation in your unit until unless you have got an excellent location of your unit in that particular project.
2. Reputation of Developer
Another thing to lookout for is reputation of developer which can help you in achieving better property appreciation in long run. So not very important but certainly a good point to watchout for when you plan to invest in pre rented property.
3. Maintenance agency
having a good maintenance agency in the property ensures that the property would stay in good condition that will result in higher rental value along with long life of the property. So look out for the maintenance agency as well.
4. Profile of tenant
This is a very important point because the profile of tenant ensures that if he would be able to pay the rental for long time and would he stay in the property for a long time. what’s his financial background etc.are some of the things which you can enquire about.
5. longer Lock in period
whenever you look to buy for pre rented property in Gurgaon try to find a property with longer Lock in period which makes sure that at least for that Period you are going to get fixed rentals. So the longer the Lock in period the better is your investment.
6. Registered lease
make sure the pre rented property you are buying comes with registered lease and there would be cases where property is in furnishing stages and lease has just signed and not registered, try to put in the papers that the investor/builder will register the lease and will bear the expense of the same.
These and many other factors are to be watched out for before buying pre rented property in Gurgaon. the best advise would be to go through a professional consultant and if you need our help to choose best pre rented commercial property for you in gurgaon do call us @9873498205