20000 Sq.ft. Hotel & Restaurant for Rent in Bellandur, Bangalore

Listing ID : 1398382

36 Rooms, Excellent Service Apartments Suites Hotel available for Lease/Rent at Bellandur, Near all IT Parks , very close to SoftZone, Ecospace, Fern IT park, Manipal Hospital etc
The Service Apartment Suites hotel is running with 100% occupancy and owner is inviting all Hotel Brands to join hands to operate the property for long term lease.
The Property is located in prime area with 30000 -50000 per sqft rate. and it was built on 3500 sqft land plot, and 20,000 sqft Built up area, with G Plus 5 floors with Ground floor have conference/Board room, parking, generator and office rooms, and first to 4th floor have Suites with Room , Hall and kitchen configuration. Fifth floor have 5 rooms, and owner is using currently and will be handed over to Hotel on agreement

The commercial Property Rentals at Bellandur is touching 100 per Sqft, but the owner is offering most affordable rent of 70Rs/Sqft [negotiable]

expectations/Terms of Rent/Lease:
Monthly Rent: 14, 00,000 [70 rs per sqft)
Security Deposit: 1 Crore
Annual Increment: 10%
Lease duration: upto 15 to 20 years.
Renovation: The Tenant/Hotel Brand can furnish the property as per their standards on their own cost
Renovation Period Waiver: Up to 2 Months, Rent Free period provided to allow tenant to redesign and refurbish Interiors
All Rentals terms are are negotiable and owner is looking for good brand to associate to run Service Apartment Suites Hotel with room rates range 3000 to 5000 per day/night

Owners are highly educated and running various businesses in India and abroad. and looking for professionally managed Hotel Brand.

The Property is not available for PG/Co Living companies
all Brokers/Consultants are discouraged.
Only Direct Hotel/Hospitality Brands are encouraged to contact for immediate facilitation of Property Visit.