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$4,999,900
Status: For Sale
Prime Commercial Building with High-End Restaurant and Boutique Office Space. Excellent Location! This fullyleased income property is situated in the prime restaurant district of South End Hamilton, adjacent to the GOStation and upcoming LRT line. This commercial asset houses two tenants: High-End Restaurant and BoutiqueOffice Spaces (office spaces could be rented out to multiple tenants). Restaurant: New 10-year Carefree TripleNET lease with GTA restaurant group which invested $500k in the site, including multi-level patio with 150outdoor patio seats, and over 200 indoor seats. Office Spaces: Second and third floors offer boutique officespaces with private balcony. Income: Generates substantial rental income with annual escalations andrecoveries. Numerous new developments in the vicinity including boutique hotel and other GTA restaurants.Great cap rate with a solid net operating income. Future Potential: Zoned for high-density residentialdevelopment. Beautifully preserved building with high ceilings, tin finishes, and exposed brick walls. TakeQuick Action! With mortgage rates predicted to go down in a few days, now is the perfect time to grab thisamazing deal. Dont miss out on this exceptional investment opportunity in a rapidly growing area.
| Price | : $4,999,900 |
|---|---|
| Property Taxes | :$26000.00 |
| Tax Year | :2023 |
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| Cross Street | :James/Augusta |
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| Fireplace/Stove | :No |
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11 Jun, 2024
TREB #X8427722
Available
$4999900.0
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