Commercial Property in Wassiamul Building, Mumbai for sale

The property has 11 Rooms with attached toilet cum bath and wash room, TV and small size ward robe. This is a tenanted property with transferable rights. The building is over 50 years old but structurally strong. If building goes for re-development, the tenant will get 1.5 time more area in new building and rental at MV till new building possession is given. The property has own water and electricity connection. Though the property is originally a residential, it is in a predominantly in commercial area. The land lord has provided permission for renovations, for use as guest house, lodge or tuition classes or commercial purposes. For investor, the immediate rental available as lodge cum hotel is already in operation and same can be transferred on buyers name or buyer can manage the lodge cum hotel for higher revenue. The Cinema Halls, Restaurants , shopping center, Markets, Hospitals , Schools and colleges are situated in a close vicinity. The property is in central place with Nariman Point, Churchgate, Dadar etc within 6 - 9 Km radius. The monthly outgoings of the property inclusive of tenancy rental, municipal taxes etc below Rs. 2000/-