Le Plateau-Mont-Royal (Montréal), Québec
About This Property
Unique commercial condo with direct visibility on main artery in the Plateau. This strategic corner unit is inundated with natural light and offers generous fenestration. Presently leased until 2019 under net terms that yield handsome returns. Excellent investment with limitless potential.
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- Randy Naami
- 2,873 ft2 / 266.90 m2 - Living space
- Year Built 1949
- $19,335 Taxes Municipal 2016
- $978 Taxes School 2016
Additional FeaturesWater supply: Municipality, Sewage system: Municipal sewer, Zoning: Commercial
Great opporunity to purchase a commercial ground floor with excellent return. The mortgage can be transferred. Very little downpayment is required to purchase the property. The current mortgage is $560000.
Only the ground floor commercial condo is offered for sale.
The lease terms are net with all property expenses assumed by the tenant.
Net Revenue: $55,200 Lease term: 5 years Option: one option of 5 Years Type of Lease: Triple Net Lease
Annual Rent: March 1, 2015 - February 28, 2016: $4600 per month March 1, 2016 - February 28, 2017: $4700 per month March 1, 2017 - February 28, 2018: $4800 per month March 1, 2018 - February 28, 2019: $4900 per month