Retail SCO, ground and first floor, corner unit, SCO 42, First Floor, Sector 34-A, Chandigarh 160022
Prepared by Sethi Estates Private Limited, the Seller and owner of the Property described below, on 1 April 2026. Prepared for: Meridian Retail Holdings LLP. Questions on this sheet: +91 98140 12345 / leasing@sethiestates.in.
This is a summary, not the Lease, and not a certificate from the Tenant. It is a one-page statement of the key facts of an existing tenancy, put together by the Seller or by a broker acting for the Seller, so that a prospective buyer or investor can see the shape of the tenancy at a glance before taking the enquiry further. It is prepared for information only. It is not the Lease Deed or lease agreement it describes, it is not a Tenant Estoppel Certificate, and it is not a binding representation, warranty or contract of any kind. Reading it is not a substitute for reading Lease Deed dated 4 April 2022 itself and for obtaining a Tenant Estoppel Certificate signed by the Tenant before money changes hands. A buyer who relies on this sheet alone, without checking it against those two documents, carries the risk of anything below being incomplete, out of date or simply wrong.
- Address: SCO 42, First Floor, Sector 34-A, Chandigarh 160022
- Premises: Retail SCO, ground and first floor, corner unit
- Area: 1,850 sq ft carpet area
- Tenant: Northline Analytics Private Limited
- Business or use at the premises: Retail showroom for consumer electronics and home appliances
- The Lease: Lease Deed dated 4 April 2022
- Commencement: 2 April 2026
- Expiry: 3 April 2026
- Remaining term, as at 1 April 2026: 4 years 6 months, expiring 31 March 2031
- Current monthly rent: ₹1,85,000 (Rupees One Lakh Eighty Five Thousand only)
- Annual escalation: 5% a year
- Held from the Tenant: ₹11,10,000 (Rupees Eleven Lakh Ten Thousand only)
36 months from commencement, ending 3 April 2025 — already expired; the Tenant is not presently under any lock-in.
CAM at ₹4 per sq ft per month, billed quarterly; property tax and building insurance remain the landlord's own cost.
One further term of 5 years at a rent to be mutually agreed, exercisable by the Tenant on 6 months' written notice before expiry.
- Purchase price under discussion: ₹1,95,00,000 (Rupees One Crore Ninety Five Lakh only)
- Current annual rent: ₹1,85,000 (Rupees One Lakh Eighty Five Thousand only) a month, taken over twelve months
- Indicative gross rental yield: 7.2%
That figure is the current annual rent divided by the purchase price above, as calculated and entered by Sethi Estates Private Limited — nobody else has checked the arithmetic behind it. Recompute it from the two figures before relying on it, and note what it does NOT deduct: CAM and other charges, property tax, insurance, vacancy or collection loss, and any brokerage or transfer cost of the purchase itself. A gross figure calculated this way is a starting point for a conversation with the Seller, not a net return.