This Commercial Condo Is The KING Of Kensington!
Commercial Condo To Upgrade Your Business
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The Property @ 150 Beverley
A 3611 SqFt commercial condo that spans the entire main floor of the building. Completely private with great street exposure. But what matters here is if you enjoy taking cheques to the bank. This turn-key investment literally starts paying you the day you take possession.
The space has been fully (back to the studs) upgraded since 2015 with nearly $400,000 in upgrades from the cat 6 cabling throughout, the high end security system not to mention all the cosmetic finishes from the work-spaces to the polished bathrooms. Let’s not forget the 10 OWNED parking spaces that are included in this purchase price.
The current owner/seller would remain on as tenant for 5 years with a very attractive return.
Let’s keep this simple.
Tenant will pay you $8,213 plus HST + TMI. This is Net net net what you take to the bank. That’s $98,556/year which provides a 5.3% return. The tenant will pay for all other expenses on top of their net rent. There are no additional expenses (other than debt service) for you, the investor.
Take a look at the floor plan and high res photos below and get in touch if you need more info.
- Condo Fees $3287/mth
- Property Tax $4325/year
- Quick closing available
- Tenant locked in for 5 years
- 5.3% Cap Guaranteed
- 10 parking spaces included