INFORMATION MEMORANDUM
PRE-LEASED PROPERTY SALE
Corner retail SCO, ground and first floor, SCO 42, First Floor, Sector 34-A, Chandigarh 160022
Issued by Sethi Estates Private Limited, the owner and seller of the property described below, on 1 April 2026. Questions on this memorandum: +91 98140 12345 / sales@sethiestates.in.
Please read this first. This memorandum is the issuer's own account of a tenanted property that is offered for sale. It is prepared to help a prospective buyer decide whether to take the matter further. It is not the lease, it is not a certificate from the tenant, it is not an offer capable of acceptance, and it is not a promise or warranty of any kind. A buyer should check everything in it against the documents and obtain the tenant's own written confirmation before paying anything.
- Address: SCO 42, First Floor, Sector 34-A, Chandigarh 160022
- Description: Corner retail SCO, ground and first floor
- Area: 1,850 sq ft carpet area
The site was allotted by a development authority of the State of Punjab and remains subject to the conditions of that allotment, including any permission or fee that the authority requires for a transfer.
- Tenant: Northline Retail Private Limited
- Business and use: Retail showroom for consumer electronics and home appliances
- The lease: Lease Deed dated 4 April 2022
- Starts: 2 April 2026
- Expires: 3 April 2026
Lock-in. 36 months from start, ending 3 April 2025; already expired.
Renewal. One further term of 5 years at a rent to be agreed, on 6 months' notice by the tenant.
- Current monthly rent: ₹1,85,000 (Rupees One Lakh Eighty Five Thousand only)
- Annual escalation: 5% a year
- Security deposit held: ₹11,10,000 (Rupees Eleven Lakh Ten Thousand only)
- Asking price: ₹1,95,00,000 (Rupees One Crore Ninety Five Lakh only)
- Indicative gross rental yield: 11.4%
Other charges the tenant pays. CAM at Rs 4 per sq ft per month, billed quarterly; property tax and insurance are the landlord's.
The yield is the current annual rent divided by the asking price, as worked out and entered by Sethi Estates Private Limited. Nobody else has checked the arithmetic. It is a gross figure: it does not deduct CAM and other charges, property tax, insurance, vacancy or collection loss, or the buyer's own costs of buying, including stamp duty, registration and brokerage. Recompute it before relying on it.
Owned by the seller under a registered sale deed dated 12 June 2015, which follows the original Estate Office allotment of 1998.
This is the seller's account. It is not a title opinion. A buyer should have an advocate examine the documents and search the Sub-Registrar's records before paying.