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 agreementAs 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 timeAccording 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.
The TOI Entertainment Desk is a dynamic and dedicated team of jou...
Read MoreThe TOI Entertainment Desk is a dynamic and dedicated team of journalists, working tirelessly to bring the pulse of the entertainment world straight to the readers of The Times of India. No red carpet goes unrolled, no stage goes dark - our team spans the globe, bringing you the latest scoops and insider insights from Bollywood to Hollywood, and every entertainment hotspot in between. We don't just report; we tell tales of stardom and stories untold. Whether it's the rise of a new sensation or the seasoned journey of an industry veteran, the TOI Entertainment Desk is your front-row seat to the fascinating narratives that shape the entertainment landscape. Beyond the breaking news, we present a celebration of culture. We explore the intersections of entertainment with society, politics, and everyday life.
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