• 82-96 kent Street
  • 82-96 kent Street
  • 82-96 kent Street
  • 82-96 kent Street
  • 82-96 kent Street
  • 82-96 kent Street
  • 82-96 kent Street
82-96 kent Street, Charlottetown, Prince Edward Island, C1A1M9
Property TypeRetail Built in1917
Building Area9656
Description

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
Business TypeOther, Restaurant, Residential Business Sub TypeOffices, Restaurant, Residential
Details
Amenities NearbyShopping OwnershipFreehold
TransactionFor sale
Building
Constructed Date1917 Construction MaterialWood frame
Fire ProtectionSmoke Detectors FlooringWood, Other
Size Interior9656.0000 Total Finished Area9656 sqft
Utility WaterMunicipal water
Land
AmenitiesShopping
Map
Street View

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Contact Don:

Contact Don Murphy to inquire about any of these properties. Don can be reached:

By Phone: (902) 853-5036
By Email: donm@century21pei.com

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

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