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QUALITY INVESTMENT OPPORTUNITY TO ACQUIRE A NEWLY RENOVATED MULTI-TENANTED COMMERCIAL BUILDING FULLY OCCUPIED ON LONG TERM LEASES. MIX OF FINANCIAL/GOVERNMENT/MEDICAL TENANCIES. LANDMARK BUILDING LOCATED NEAR THE PETERBOROUGH REGIONAL HEALTH CENTRE AND ONE OF PETERBOROUGH'S MAIN BUSINESS INTERSECTIONS AT MONAGHAN/LANSDOWNE. THE PROPERTY IS COMPRISED OF AN EXTENSIVELY RENOVATED 21,650 SF BUILDING ORIGINALLY CONSTRUCTED IN STAGES 1962 AND 1977 ON A 0.954 ACRE PARCEL. 66 PARKING SPACES. MULTIPLE ENTRANCES WITH BARRIER FREE BUILDING ACCESS FROM THE SOUTH SIDE PARKING LOT AND OTHER UPGRADED ACCESSIBILITY FEATURES, INCLUDING TWO LIFTS AND AN ELEVATOR. ENVIRONMENTAL REPORTS AND DESIGNATED SUBSTANCES SURVEY ARE POSITIVE BY MOE STANDARDS. APPROXIMATE GROSS INCOME $378,311 AND TOTAL EXPENSES $137,236 FOR A CAP OF 5.36 (id:10452)
Property Details
| Property Type | Other |
|---|---|
| Square Feet | |
| Maintenance | N/A |
| Days On Our Website | 137 |
| Basement | Partially finished - Full (Partially finished) |
| Kitchens | |
| Lot Dimensions | 0.954 ac|1/2 - 1.99 acres |
| Pool | N/A |
| Area | Peterborough |
| Air Conditioning | N/A |
| Heating | Natural gas |
| Exterior | Brick |
| Parking Spaces | 66 |
| Sewers | Municipal sewage system |
| Water | Municipal water |
Listing Office: Mincom Kawartha Lakes Realty Inc. Brokerage
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