Commercial Mall for Sale in Payyannur, Kannur

Property Description (ID - 99891)

Commercial Mall for Outright Sale – Payyannur, Kannur

This is a large-scale commercial mall in a prime high-footfall location in Payyannur. Positioned on the main road at Perumba, this property offers exceptional visibility, accessibility and strong long-term investment potential.

Property Overview:

• Location: Perumba Main Road, Payyannur, Kannur District – 670307
• Close proximity to Payyannur Bus Stand
• Land Area: 75 cents
• Total Built-up Area: Approx. 60,000 sq. ft. + 5,000 sq. ft. basement

Building Configuration:

• Ground Floor: 16,500 sq. ft.
• First Floor: 15,000 sq. ft.
• Second Floor: 15,000 sq. ft.
• Third Floor: 15,000 sq. ft.
• Basement: Approx. 5,000 sq. ft.

Parking:

• Ample space accommodating approximately 60–75 cars

Key Investment Highlights:

• Premium main road frontage ensuring maximum visibility
• Located near Payyannur Bus Stand, a high footfall commercial hub
• Ideal for shopping mall, retail outlets, supermarket chains, or mixed-use commercial space
• Fully vacant property, ready for immediate leasing or redevelopment strategy
• Strong potential for steady rental income and capital appreciation

Rental Potential:

• Expected Rate: ₹35 per sq. ft.
• Estimated Monthly Rental Income: ₹21 lakhs

Property Value Insights:

• Approximate Land Value: ₹35 lakhs per cent
• Total Land Value (75 cents): ~ ₹26 crores
• Estimated Building Cost: ~ ₹18 crores
• Total Asset Value: ~ ₹44 crores

Asking Price: ₹50 Crores (Negotiable)