(4 STAR HOTEL)Collection O 30111 EVEREST PARRYS Poonamallee High ROAD Property

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Executive Valuation Summary

PROPERTY ADDRESS             :         OLD NO.23, NEW NO.51,

                                                          POONAMALLEE HIGH ROAD

                                                          “EVEREST BUILDING”

                                                          PERIAMET, CHENNAI – 600 003.

PROPERTY DESCRIPTION       :         HOTEL

LAND AREA                                      :         15525 SQ.FT

BUILT UP AREA                      :         30,000 SQ.FT (G+2 FLOORS)

PROPERTY FRONTAGE           :         212 SQ.FT

GROUND FLOOR                    :         RECEPTION, LIFT, RESTAURANT,

                                                          9 COMMERCIAL SHOPS, CAR PARK,

                                                          HEALTH CENTRE, CONFERENCE

                                                          ROOM,

OPEN CAR PARK AREA           :         5,525 SQ.FT

FIRST FLOOR                          :         17 DOUBLE BEDROOM

                                                          1 SINGLE BEDROOM

                                                          2 FAMILY ROOM (4 BEDS)

SECOND FLOOR                     :         17 DOUBLE BEDROOM

                                                          1 SINGLE BEDROOM

                                                          2 FAMILY ROOM (4 BEDS)

AMENITIES                              :         ALL ARE A.C ROOMS WITH T.V AND

                                                          ATTACHED TOILETS

OCCUPANCY                           :         90%

HOTEL INCOME                      :         RS.15,00,000.00

RENTAL COMMERCIAL

EXPECTED (RS.40,000*9)       :         RS.5,40,000.00

RESTAURANT RENT               :         RS.2,50,000.00

GUIDELINE VALUE                 :         RS.16500 PER SQ.FT

NO ROAD EXPANSION PLAN BY HIGHWAYS DEPARTMENT

NO AQUISITION BY CHENNAI METRO RAIL

FURTHER CAR PARK AREA CAN ALSO BE CONSTRUCTED

BAR LICENCE WAS CANCELLED BUT CAN BE RENEWED

FULL LENGTH TERRACE IS AVAILABLE

THE PROPERTY IS LOCATED WITHIN THE RADIUS OF 0.5 KMS FROM CHENNAI CENTRAL RAILWAY STATION AND CHENNAI EGMORE RAILWAY STATION

THE PROPERTY IS SURROUNDED BY SEVERAL HOTELS WITH VERY CLOSE PROXIMITY LIKE GOLDEN TOWER, THE ROYAL REGENCY, EMARALD HOTELS, AND SEVERAL OTHERS WITH HIGH REQUIREMENT OF HOTELS.

FurnishingFurnished

PROPERTY SALE RENT OR LEASE

6core per ground *6.5 grounds = 40crore

You can take 3 grounds minimum

Whatsapp 984i4 0a0a0a0

rental :

50RS PER SQFT ONWARDS

500SQFT TO 35000SQFT AVAILABLE .

Address: No 23, Poonamallee High Rd, opp. Sub Register Office, Adikesavarpuram, Periyamet, Chennai, Tamil Nadu 600003

This one is not strictly ‘lost’ but it is almost that. Everest Hotel (now Everest King Castle) is one of the best known occupants of Jaya Mansions, a classic art deco building constructed in the late 1930s by S.P. Jayarama Nadar, Merchant and Councillor of the Corporation of Madras, to serve as a commercial hostel for students of the Madras Medical College. By the mid-1940s it had become commercial premises with a number of shops and establishments renting the rooms in the ground floor. Everest Lodge, as it was known, the creation of Sundaram Iyer, took the upper floors.

Located as it was midway between Central and Egmore stations, it became a very popular place of stay. There was a rooftop restaurant as well, which also functioned as the premises for the Muthialpet Sabha. It was here on a full moon night that Tiger Varadachariar is said to have performed a pallavi in Raga Poornachandrika.

Sundaram Iyer married a well-known dancer Swarna Saraswathi en secondes noces as the expression is, and the couple later moved to Delhi where they lived till their passing.