Commercial Building, Kattingachira, Irinjalakuda

This 4-storeyed RCC concrete commercial building at Kattingachira, Irinjalakuda sits on 5.75 cents of land with approximately 30 ft of direct frontage on State Highway SH22 (Kodungallur–Thrissur Road), adjacent to PTR Mahal Convention Centre.

FLOOR-BY-FLOOR BREAKDOWN

Ground Floor — RENTED
Occupied by an authorized Suzuki two-wheeler showroom and service centre. Highway-facing with vehicle display frontage and high daily footfall. Active commercial lease.

1st Floor — VACANT
Previously rented, now vacant. Available for fresh leasing. Suitable for offices, coworking, retail showroom, or service business. Significant income upside.

2nd Floor — VACANT
Previously rented, now vacant. Available for fresh leasing. Suitable for offices, residential, or commercial use.

3rd Floor — RENTED
Currently occupied as a residential stay / accommodation unit. Active lease generating rental income.

FINANCIAL OVERVIEW
Current monthly rental: ₹1,00,000 (from 2 active tenants — Ground Floor + 3rd Floor)
Deposit held: ₹8,00,000 from 2 parties — transfers to new owner on acquisition
Vacant floors available: 1st and 2nd floors — immediate leasing opportunity
Estimated full-occupancy rental potential: ₹1,80,000–₹2,00,000/month
Current yield on ₹2.5 Crore asking price: 4.8% p.a.
Full-occupancy potential yield: ~8.6%–9.6% p.a.

ASSET VALUATION
Land (5.75 cents, SH22 highway frontage): ~₹1.09 Crore
Building replacement cost (8,500 sq. ft., RCC): ~₹1.60 Crore
Total replacement cost: ~₹2.69 Crore
Asking price: ₹2.50 Crore — below replacement cost

DUE DILIGENCE CHECKLIST
Verify lease terms, lock-in period, and escalation clauses for Suzuki ground floor tenancy
Confirm floor-wise area allocation across all 4 floors
Review residential lease terms on 3rd floor
Confirm setback, parking, and access on the 5.75 cent plot
Deposit of ₹8 Lakhs (2 parties) transfers to buyer on acquisition