Pre-Leased Amstel Fashions — 9-Year Lease, 5.75% ROI | Timex Centre, Golf Course Road, Gurugram
Covenant, lease term, yield and exit — reviewed with the VRX Capital advisory desk.
A premium pre-leased office investment in one of NCR's most prestigious business corridors — Amstel Fashions (Dubai-based luxury fashion house) occupies a 2,200 sq ft office unit at Timex Centre, Golf Course Road, Gurugram, paying ₹130/sq ft/month (~₹2.86 Lakh/month) on a 9-year lease with 15% escalation after 3 years. Acquire at ~₹5.94 Cr for 5.75% gross yield — among the highest yields available for a Golf Course Road Grade-A address.
Golf Course Road is the institutional benchmark for premium office investment in NCR — the address carries durable occupier appeal, consistent demand from multinational corporations, and a historically tight rental vacancy. Amstel Fashions, a Dubai-headquartered luxury fashion brand, chose Timex Centre on Golf Course Road for its India operations — a decision that signals both the quality of the building and the aspirational nature of the tenancy. A 9-year lease from such a brand-conscious occupier means the tenant has a vested interest in a long, stable tenure. The 15% escalation at the 3-year mark ensures income growth, and 5.75% yield on Golf Course Road is difficult to find at any price point below ₹20 Cr — making this a rare sub-₹6 Cr entry into one of India's most coveted office corridors.