Prime Commercial Property for Sale in Alwarpet's Posh Area | 6.8 Grounds Land with Commercial Buildings


Property Type Standalone Building
Land Area 16320 Square Feet 
Built up area 18720 Square Feet
Power Supply
Property Description:
Commercial Buildings for Sale in Alwarpet's Posh Area | 6.8 Grounds Land with Excellent Potential

Discover a prime opportunity in Alwarpet's posh area with this commercial property offering. Located on 1st Cross Street, near the prominent TTK Road and connecting to Chittaranjan Road, this property boasts a highly desirable location. Additionally, it sits on a generous 6.8 grounds (approximately 18,720 sq.ft) of land with an impressive frontage of around 80 feet, facing the south.

The property features two buildings, each comprising G+2 and G+1 floors, and while they may be old, they offer a substantial built-up area of 27,000 sq.ft. Currently, the property generates a rental income of approximately Rs. 10 lakhs, and with full occupancy, it has the potential to yield an estimated rent of Rs. 14 lakhs to 15 lakhs.

Considering a sale, the landlord expects a price of Rs. 8.50 crores per ground, which is negotiable. It's important to note that the landlord will retain 1 ground of land with a building. The payment terms and the possibility of tenant vacating can be discussed during a meeting.

If you're seeking a lucrative investment opportunity in a highly sought-after location, this property in Alwarpet's posh area is worth exploring. The landlord is open to considering a good offer price that aligns with their expectations. Reach out today to seize this promising investment!

Tags:
#AlwarpetCommercialProperty #PoshAreaInvestment #CommercialBuildingsForSale #PrimeLocationInvestment #AlwarpetPropertyDeal
Contact:
Jayasaktian
Realtor - Mylapore - Chennai
  +91 44 43999000 Ext : 138
Ref. No SCO/MYL-297799 (MYL)
Approved By Mallikarjun Reddy K
Human verification
Call for more info
+91-44-43999000
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Disclaimer : All information provided is deemed reliable but is not guaranteed and should be independently verified.

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