Excellent Industrial Property in the Heart of Mumbai, India

Mumbai, India

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Asking Price: $6,300,000

Gross Revenue: N/A

Price/Sq. Ft.: $315.00

NOI: N/A

Building SF: 20,000

FF&E: N/A

Year Built: N/A

Excellent Industrial Property in the Heart of Mumbai, India

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Property Description

Seller Help Available To Restart Manufacturing

This is an excellent opportunity to acquire a spacious property (about 2,200 sq. m / 20,000 sq. ft.) in the heart of Mumbai, India. It was used previously for manufacturing of gels, ointment and lotions for the pharmaceutical use in India and was approved by Central Drugs Standard Control Organization (CDSCO), equivalent to US FDA. The property has been lying vacant now. If a buyer needs help in setting it up as a similar pharma unit, the owner is willing to provide help and consulting to set it up.

The property can also be repurposed for other uses including for godown / warehousing, Call Center / IT, for the food industry. Located in Kanivali, West, It can also be used as TV or Movie Studio, as it is in close vicinity of Film City and other studios in Mumbai.

The plot is in Govt Industrial Estate, Kandivali West, Mumbai, which is now the heart of Mumbai city. The Industrial estate at Kandivali has 4,000 units spread over 118 acres of land. All plots are on the ownership basis with rightful possession and not a leased property.

The 20,000 sq. ft. area is divided into RCC construction factory of 10,000 sq. ft. with 17’ high ceiling, and a 2,000 sq. ft. of office space on the first floor. The rest of 8,000 sq. ft. is a terrace area which can easily be repurposed for other uses depending on the buyer’s needs. The property has municipal water and 400 HP (300KW) power available. Property taxes are less than Rs. 1.20 Lacs (Rs. 120,000 or roughly $1,700 USD).

The ownership of the property is with 4 private limited companies but all belonging to 2 family members. The plot is vacant for possession free and clear, without and outstanding loans.

OPPORTUNITY HIGHLIGHTS
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• Large Property in the Heart of Mumbai (Kandivali West)
• Older pharma manufacturing plant
• 1,992 sq. m (about 20,000 sq. ft.), 10,000 sq. ft. manufacturing space with 17’ ceiling height
• Bombay Municipal Water, 400 HP (300KW) power
• Seller can help with consulting services to help buyer set up a pharma manufacturing if needed
• Can be used for Pharma, Food, Warehouse / Godown, IT/Call center, Film/TV studio (close to Film City and other studios)
• Ready for Immediate possession – Free and clear

Detailed Information

Type:
Industrial
Building SF:
20,000
Building Status:
Established
Current Property Expenses:
Taxes $1,700 per year
Location Description:
In the heart of Mumbai. Close to Film City and many studios and so also can be re-purposed as a studio
Current and Prior Use:
Currently vacant for a few years. Used to be a pharma manufacturing company (with approval under Indian FDA), manufacturing gels, ointments and lotions
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Yatin Thakore

Property Listed By:
Yatin Thakore

TechnologyPark.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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