Professional Offices Investment Opportunity! Superb, renovated Commercial Condo with Large Main Street Display Windows, 4 Offices, a Reception Area, Two 2-pce Baths R/in, Storage. Located well in a busy Downtown heritage streetscape in the business, boutique & tourist district steps to the Beach/Marina. Select your next investment in this in-demand district just Steps to Marina, Harbour, Lakefront, Esplanade & Beach. VIA Station is 1blk north & 1hr to Toronto for commuters. Unit shares entry vestibule common area w/ adjacent unit w/ Tenant in place. Set amongst Key Anchor Tenants, Banks, Financial & Professional Services, Victoria Hall, Art Gallery, Concert Hall, Restaurants, Cafes in the Business, Shopping, Entertainment & Tourist District. Tenant pays Condo Fee $493.69/m, Property Tax, Heat/Utilities. (Condo fee covers Water, Bldg Insurance, Common Elements, Reserve fund, Property Mgmt.) Gross Income $18,288.00 Cap Rate 4.6% Solid Tenant Business Offices Lease just renewed 10/31/24 **** EXTRAS **** High Ceilings, Large Front Windows. Updated Laminate Flooring, Lighting, 2-2pce Baths R/In, Storage Cupboards, Shared Front vestibule entrance. Outdoor display area. Heritage District. Investment w/ long term tenant. Adjacent condo for sale (id:31697)
| MLS® Number | X8435474 |
| Property Type | Retail |
| Community Name | Cobourg |
| AmenitiesNearBy | Public Transit |
| FarmType | Other |
| BathroomTotal | 2 |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| SizeInterior | 1143 Sqft |
| Type | Retail |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| ZoningDescription | Main Commercial |
https://www.realtor.ca/real-estate/27034633/a-79-king-street-w-cobourg-cobourg
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