RICH Property Solutions, Ahmedabad
Pre-leased property in Ahmedabad
A pre-leased property is a commercial space that is already rented out under a lease. The buyer takes over the tenant and the rent from the day of purchase. RICH Procon advises buyers and sellers of pre-leased offices, shops and showrooms in Ahmedabad.
How a pre-leased deal works
The property comes with a running lease. The new owner receives the rent, subject to the lease terms, so the space does not sit empty while a tenant is found. The price you pay and the rent you receive decide your return, and the lease decides how long that rent can be relied on.
Rental yield is the annual rent divided by the purchase price, shown as a percentage. Ask for both numbers in writing before you compare two properties.
What we check before you buy
The tenant
- Who the tenant is and what business they run
- How long they have occupied the space
- Whether the rent has been paid on time
The lease
- Remaining term and lock-in period
- Rent increase clause and how often rent rises
- Security deposit held
- Who pays maintenance, property tax and repairs
- Notice period and renewal terms
The property
- Ownership documents and title
- Approvals and occupancy status
- Pending dues on the property
- Location and access for the tenant's business
The numbers
- Annual rent and purchase price
- Taxes on rental income
- Maintenance and other running costs
- Registration and stamp duty at purchase
For buyers and for sellers
If you want to buy
Tell us your budget, the area and the kind of space you want. We shortlist leased properties, read the lease with you, check the tenant and the numbers, and help you decide whether to go ahead.
If you own a leased property
Tell us about the property and the lease. We help you present the tenant, the remaining term and the rent clearly to serious buyers, and advise on how to approach the sale.
How we work
- Understand the opportunity. We read the tenant, the lease and the property before anything else.
- Make the right decision. We lay out the numbers and the risks, then you decide.
- Create lasting value. We stay with the deal through the paperwork and handover.
We do not guarantee returns or rent. Details of each property are shared on enquiry, and every deal should be checked by your own lawyer.
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