Property For Sale in Multan Commercial Property in one of the most affluent neighborhood in Cant area on Shahrahi Quaidi Azam
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Property For Sale in Multan
Multan, Well sought Commercial Property in one of the most affluent neighborhood in Cant area on Shahrahi Quaidi Azam (Mall Road) in Mall Shopping Center. Three shops, 1, 2, and 3 are combined together and rented out to United Bank. The rent is 75,000/month. THE DEMAND FOR ALL THREE SHOPS IS 11,900,000. Multan. 30 marla, 2 story corner house,8,200 sq ft covered area with 9 rooms, 2 halls 5 bathrooms, 2 stores and 1 kitchen on 1st floor and 11 rooms, 1 hall, 5 bathrooms, 1 store, and 1 kitchen on 2nd floor, in one of the most explosive growth area off of Khanewal Road (all the new businesses, schools, and offices are moving on Khanewal road) close to Ali General Hospital. The house is rented to international medicine co. The monthly rent is approx. 55,000. The tenants are there since 1996 with current lease expiring on Sept. 2011 with an option to renew at 25% increase for this long term tenant. The price of land in that area is approx. 4 laks per marla, 1000/marla/sq. ft construction and the demand is 2 Crore. |
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Thursday, February 17, 2011 08:30 AM PST 
