15200 Sq.ft. Factory / Industrial Building For Rent In Mahape, Navi Mumbai

Term sheet for industrial property at Mahape MIDC Navi Mumbai. Carpet area 15200 sq.ft including ground, mezzanine, first floor and basement. Open area 1700 sq.ft and open covered area 5000 sq.ft. The premises are fully renovated with 5 toilets with bath and 2 offices each having attached toilet. Monthly rent is 9,00,000. Security deposit equivalent to 6 months rent, interest free and refundable. Annual rent escalation 6% per year. Lock in period 3 years. Agreement tenure 5 years. Notice period 3 months. Stamp duty and registration charges to be shared equally between licensor and licensee. MIDC subletting charges to be borne by licensee. Brokerage to be mutually negotiated...