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 |
CommunicationType | High Speed Internet |
Features | Elevator, Paved Driveway, Passenger Elevator |
ParkingSpaceTotal | 10 |
BasementType | Full |
ExteriorFinish | Brick |
FireProtection | Alarm System |
FoundationType | Poured Concrete |
StoriesTotal | 2 |
SizeExterior | 10276.0000 |
SizeInterior | 10276 Sqft |
UtilityWater | Municipal Water |
Attached Garage |
AccessType | Road Access, Highway Access |
Acreage | No |
Sewer | Municipal Sewage System |
SizeDepth | 171 Ft |
SizeFrontage | 131 Ft |
SizeIrregular | 0.519 |
SizeTotal | 0.519 Ac|1/2 - 1.99 Acres |
SizeTotalText | 0.519 Ac|1/2 - 1.99 Acres |
ZoningDescription | 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