About the property (MLS: 1257687):
One of a kind opportunity to own an 11,000+ sq ft building. Currently being used as a fabrication shop, specializing in ship repair. A rare opportunity to own a smartly located property on historic Water Street. This 20,000 sq ft site could make an excellent location for your current business. With easy access to the downtown and main arterials. The view of the narrows is breathtaking from 26 Water Street! If interested, the opportunity exists to acquire all equipment on-site. Also can be considered as a great redevelopment opportunity. Adjacent land at 28 Water Street is also available form a different vendor. ( see MLS Listing 1253752) (id:56688)
Property Details
Listing ID: 25548563
Address: 26 Water Street, St. John's, Newfoundland & Labrador, Canada A1C0A7
Status: Active
Last updated: 6 months ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: Other
Flooring: Other, Concrete Slab
Living Area Total: 11,000 square feet
Price per sq ft: $137
Tax Annual Amount: $17,952
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Other
Flooring: Other, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Other
Number of photos available: 12
Rurl
Coordinates: [47.569902, -52.700017]
Rooms
Basic Calculator
First Mortgage: $1,199,920
Mortgage insurance premium: $0
Total Financing: $1,199,920
Rough closing fee (1.5%): ~ $22,499
Total downpayment with estimated closing fee: $322,479
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $12,101 | $145,212 |
Gross rental income (income/principal ratio) | 0.807% | 9.681% |
Mortgage | $0 | $0 |
Monthly Expenses | $1,875 | $22,500 |
Vacancy | $606 | $7,261 |
Management Fee | $969 | $11,617 |
Expense / Income Ratio | 15.49% | 15.49% |
Cash Flow | $8,653 | $103,836 |
Net Operating Income (NOI) | $8,653 | $103,836 |
Capitalization Rate | 0.58% | 6.92% |