Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years. (id:56069)
| MLS® Number | 40567108 |
| Property Type | Office |
| Communication Type | High Speed Internet |
| Features | Elevator, Paved Driveway, Passenger Elevator |
| Parking Space Total | 10 |
| Basement Type | Full |
| Exterior Finish | Brick |
| Fire Protection | Alarm System |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Exterior | 10276.0000 |
| Size Interior | 10,276 Ft2 |
| Utility Water | Municipal Water |
| Attached Garage |
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 171 Ft |
| Size Frontage | 131 Ft |
| Size Irregular | 0.519 |
| Size Total | 0.519 Ac|1/2 - 1.99 Acres |
| Size Total Text | 0.519 Ac|1/2 - 1.99 Acres |
| Zoning Description | I-2 |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26721759/25-main-street-e-norwich
Contact us for more information
Marius Kerkhoff
Broker
(519) 842-5000
www.remaxabrealty.ca/
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