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

Listing ID #1395853

Best Commercial Property available on Rent at Bellandhur Prime location suitable to establish Hotel/ Lodge by Reputed Brands.\\r\\nThe most sought after IT Zone in Bangalore with very Large IT parks, Hospitals and Malls, and 1000s of Businesses.\\r\\nThis property is located very close to Salarpuria Softzone, Ecospace, prestige Fern Galaxy/IT park, Manipal Hospital, Sarjapur junction on outer ring road, Prime location with land value touching around 30000 /sqft.\\r\\n\\r\\nThe Property Features: \\r\\nTotal G plus 5 floors construction with terrace usable area, land area 3500 sqft, each floor 3000 sqft area.\\r\\nGround Floor office area, board room, restaurant space, parking, staff area, generator on ground floor.\\r\\nFirst to 4 fourth floor have 32 Rooms, fully occupied by Tenants on monthly rent basis at the moment.\\r\\nFifth floor Pent house with Four Rooms , owner is using.\\r\\nThe total building with 36 rooms is available for Rent for long term lease for Hospitality Venture.\\r\\n\\r\\nOwner is willing to give to only for Hotel/Lodge Operator who is willing to Furnish and operate on Fixed Monthly Rent along with security deposit.\\r\\nNo Management Contract, No Revenue sharing options available. No PG, No Colive/stay chain entertained strictly.\\r\\n\\r\\nThe Commercial Building is for Rent mainly. The existing Furniture is more than 10 years old (no value) and to be replaced completely.\\r\\n\\r\\nThe Tenant should be willing to establish new interiors and furniture before start of Hotel/Lodge.\\r\\nThe owner is willing to allow 30 to 60 days Rent free period for full renovation and furnishings.\\r\\n\\r\\nExpected Rent Terms:\\r\\nTotal Built up Area: 20000 sqft with 36 rooms.\\r\\nRent: 14,00,000 / Month (70 Rs/Sqft)\\r\\nSecurity Deposit: 1.5 Crore\\r\\nLease duration: 5 to 15 years\\r\\nAnnual Increment: 10%\\r\\nNegotiation: All terms are negotiable\\r\\nThe building is ready for handover within one month notice.