COMMERCIAL OFFICE SPACE 3114 SQFT IN INDIA

Description of Property in the commercial complex City Point situated at 17, Boat club Road/Dhole Patil Road Pune 411001 a) Office no.1, 2a/b/c, 3: Area 2602 sqft with 4 car parks and 6 scooter park in the basement. The entire office is centrally air-conditioned and well furnished. Has two toilets and one small pantry fitted inside. The office has rights to fit any communication dish antenna on terrace if needed. The office is presently on lease for rent approx. Rs. 150000 per month with 5% escalation per month And Rs.1000000/- interest free security deposit. b) Office no.4 which is adjacent to above office and can be connected if required.: Area 512 sq.ft with one car park. The office is air-conditioned using split/window A.C and fully furnished. The office has one toilet fitted inside. The office is presently on lease rent Rs.44500 per month with 5% escalation per month. And interest free deposit Rs.100000 Both the office have D.G. back up 7+ 2 = 9 KVA provided by Kolte Patil. The one time user charges towards the D.G. set are paid and the charges for diesel and maintenance are required to be paid per users consumption basis charged as per the units consumed during power failure. Both the properties belong to a Pvt. Ltd. A company owned by me with one family friend. There are no liabilities with the company and no default on taxation from the start up which was about 16 years back. This is the only property owned by the company. Intention is to sell the company i.e. transfer of the shares with the assets and all cash reserves which are approximately Rs.10 lacs in cash deposits as on June 2015 in addition to the security deposit as mentioned above.