Property Specs:
Price$795,000.00
CitySt. Thomas, ON
Address361 TALBOT STREET
Listing IDX9305785
Land Size20.83 x 126.13 FT ; 20.83 X 34.60 X0.41 …
TypeOffices
StatusFor sale
Extended Features:
Cooling Fully air conditionedHeating Forced airHeating Fuel Natural gasUtility Water Municipal water
Details:
EXCELLENT DOWNTOWN ST THOMAS MEDICAL OFFICE LEASED TO THE SAME TENANT FOR OVER TEN YEARS, WITH A NEW 2 YEAR EXTENSION ON THE EXISTING LEASE EFFECTIVE DECEMBER1ST,2024 THIS IN AN EXCELLENT INVESTMENT PROPERTY. IT HAS BEEN COMPLETELY RENOVATED INTO OFFICES ON BOTH LEVELS FOR THE CURRENT TENANT. THERE IS ALSO A NEWER ROOF. TENANT IS RESPONSIBLE FOR ALL EXPENSES INCLUSIVE OF REALTY TAXES AND INSURANCE. NET INCOME TO THE LANDLORD OF $49,800.00 PER YEAR. LANDLORD RESPONSIBLE FOR ROOF, REPLACEMENT OF HVAC IF REQUIRED AND STRUCTURE. (id:4555)
