Hotel & Restaurant 28000 Sq.ft. for Rent in Doddanekkundi, Bangalore

Listing ID #1398386

3 Star Business Hotel with 25 rooms and Restaurant available for rent /lease at Doddanekkundi Metro Station, on Outer ring road.\r\nVery Good Location surrounded by IT Parks, Residentials Apartments and Fern City\r\nThe Property is currently running for last 12 years and owner is willing to let out to focus on other business ventures.\r\nThe property have Basement plus 5 floors and usable terrace space\r\nground and first floor is allocated for Kitchen and restaurant, and 3to 5 floors have total 25 rooms fully furnished and operating with rates 2500 -5000 per day/night\r\n\r\nOwner is a Muslim and Liquor is not allowed in this property, so No Pubs are allowed at this property .\r\n\r\nThe running rents in this area are upto 120/sqft to 150/sqft on ground floor,\r\nOwner is professional business person and wish to consider little negotiations for good tenant\r\n\r\nExpectations/Lease Terms:\r\n Monthly Rent: 20 Lacs\r\n Security Deposit: 2 crore\r\n Annual Increment: 10%\r\n Lease duration: 5 to 15 years\r\n Handover: AS IS Condition\r\n Renovation Waiver: upto 1 Month time allowed for rent free renovation\r\n Refurbishment: Tenant can do as per his interest, the property is ready to operate\r\n Negotiation: Slightly Available for right party\r\n\r\nall Interested tenants can contact srinivasarao for immediate site visit and deal finalization\r\nall brokers are discouraged and only direct tenants are expected to contact