Bollywood actor Sohail Khan has recently signed a major commercial property deal in Mumbai’s upscale Bandra area. Reportedly, he has rented out a shop space to The Irish House Food and Beverages Private Limited, and this deal is expected to earn him more than Rs 10 crore over five years.
The rental agreement
As per documents from the Inspector General of Registration (IGR), Sohail has leased out a shop in Gasper Enclave, Bandra. The shop has a built-up area of 1,290.57 sq. ft. and comes with a rental agreement that spans 60 months. The agreement was signed with a security deposit of Rs 60 lakh. Additionally, the paperwork mentions a stamp duty of Rs 2.67 lakh and registration charges of Rs 1,000.Monthly rent to increase over time
According to real estate platform Square Yards, the lease comes with a planned rent increase. For the first 36 months, the rent is set at Rs 16.89 lakh per month. After that, for the final 24 months, the rent will go up to Rs 17.73 lakh per month. Altogether, the total income Sohail Khan is set to earn from this deal is estimated to be around Rs 10.3 crore. Interestingly, the documents also reveal that the actor had purchased the same property back in April 2009 for Rs 3.11 crore.
Sohail is the son of famous screenwriter Salim Khan and Salma Khan. While he may not have matched the box-office success of his elder brother Salman Khan, Sohail has acted in and produced several films over the years. His acting credits include films like ‘Krishna Cottage’, ‘Tubelight’, ‘Fight Club – Members Only’, ‘God Tussi Great Ho’, ‘Veer’, ‘Hello’, ‘Heroes’, and ‘Main Aurr Mrs Khanna’. With this real estate deal, it’s clear that Sohail is also investing smartly in property, securing a long-term income outside of films.
