|Property TypeRetail||Built in1917|
Fantastic investment opportunity in Downtown Charlottetown in the heart of the office and retail district, across the street from Rodd Charlottetown Hotel and Historic City Hall. This multi-use heritage property is carrying a 9% cap rate with 14 rents incoming. Currently uses consists of a cafe, 5 office suites, 1 retail suite, and 7 residential units. This exciting opportunity could be perfect for newcomers through the Innovation PEI program. A conservative investment with consistent income. Annual rent roll equates to $132,000+ of income and a reported net income after expenses of $85,000+, at a cap rate of 9%. Detailed financials and information available to all interested parties. Start or move your own small business in this building, or simply enjoy the return on this strong performing asset, and let the tenants generate 100% income. Heritage property zoned as DMUN. Rent roll available with signed confidentiality agreement. HST applicable to approx. 38% of the asset (commercial space)
|Business TypeOther, Restaurant, Residential||Business Sub TypeOffices, Restaurant, Residential|
|Constructed Date1917||Construction MaterialWood frame|
|Fire ProtectionSmoke Detectors||FlooringWood, Other|
|Size Interior9656.0000||Total Finished Area9656 sqft|
|Utility WaterMunicipal water|
Listing Office: BLUE OCEAN REAL ESTATE INC.
Data Provided by Prince Edward Island Real Estate Association
Last Modified :01/06/2017 12:19:49 AM
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association
Powered by SoldPress.