Industrial Fabricated Shed for Sale

1,702 sq yd of carpet area under a 20 ft steel structure

The 1,702 sq yd is carpet area, so it is usable floor rather than a gross figure padded with open land. A 20 ft height leaves room for the crane run and for tall stacking. The shed has one open side, facing east.

• 1,702 sq yd carpet
• 20 ft height
• Steel fabricated structure
• One open side, east facing

₹8.51 crore — about 4.2% a year from the current rent

The asking price is ₹8,51,00,000, which works out to ₹50,000 per sq yd, and the owner is open to negotiation. At the present rent of ₹3,00,000 a month the gross return is about 4.2% a year, before maintenance and taxes. The owner is not looking for a barter deal.

• ₹8.51 crore total
• ₹50,000 per sq yd
• Negotiable
• About 4.2% gross a year on current rent

Terms

Resale shed, 5–10 years old, leased for 5 years

A resale property with a steel fabricated structure built 5–10 years ago. It is let on a 5-year lease at ₹3,00,000 a month, so it earns from day one; a buyer who wants to run his own unit here must plan around that lease or agree terms with the tenant. The front road is 40 ft wide and the approach road 60 ft, wide enough for trucks.

• Resale, 5–10 years old
• Current lease: 5-year tenure
• 40 ft front road, 60 ft approach road
• Not a corner property

99 kW power, a 10-ton crane and a walled compound

The shed has 99 kW of power connected and a 10-ton crane in place, which covers most fabrication and light engineering work. The compound has a boundary wall, CCTV, street lights, developed internal roads and a washroom, and drainage is run by the estate. Water comes at fixed times rather than round the clock, and there is no gas line. Labour is easy to find in the area.

• 99 kW power
• 10-ton crane
• Boundary wall, CCTV, street lights
• Water at fixed times, no gas line

Also on site

GIDC leasehold with clear title and NA in place

The land is held on lease from GIDC, with the lease running to 2099. The title is clear and NA permission is in place; the present owner has held it for 3–5 years. NOC, BU, BCC and OC are not in place — a buyer planning a bank loan or a change of use should check which of these the lender or the authority will ask for.

• GIDC leasehold till 2099
• Clear title, NA in place
• NOC, BU, BCC, OC: not available
• Owner has held it 3–5 years

Approvals reported

Inside Kathwada GIDC, east Ahmedabad

The shed is inside Kathwada GIDC, an established industrial estate on the eastern side of Ahmedabad, close to S.P. Ring Road. Being in a GIDC zone means industrial use is already allowed, and suppliers, transporters and skilled labour are close at hand.

• Kathwada GIDC, Ahmedabad
• Close to S.P. Ring Road
• GIDC industrial zone
• 60 ft approach road for trucks

What is happening in the area

• Working GIDC estate with running industrial units around it
• Industrial zoning already in place — no conversion needed