1042 TOPSAIL Road
MOUNT PEARL, NL, A1N5E6
$983,000
About the property (MLS: 1268855):
INVESTOR OPPORTUNITY! SHOWROOM , OFFICE, DISPLAY, WORKSHOP. THIS PROPERTY IS OFFERING A TOTAL OF 5300 SQ. FT OF VERY FLEXABLE SPACE. USED PRESENTLY AS ONE BUT HAS TWO SEPERATE SECTIONS WITH THEIR OWN ELECTRIC METERS. 9 FT CEILINGS IN THE FRONT SHOWROOM AND 14 FT CEILINGS IN THE BACK SHOPS. THERE ARE TWO STORE FRONTS FOR THE INVESTOR TO USE ONE SIDE AND LEASE THE OTHER. IT OFFERS 3 FASE WIRING WITH PLENTY OF POWER FOR MANY USES AS WELL AS PROPANE RADIANT CEILING HEATING IN THE WORKSHOP. SIDE A HAS A 10 X 10 FT OVERHEAD DOOR AND BOTH OFFER 4FT MAN DOORS FOR REAR ACCESS. 13 CAR PAVED LOT ON THE FRONT THAT EXTENDS TO THE REAR. LARGE LOT THAT COULD ACCOMIDATE STORAGE WITH SMALL MODIFICATIONS. HIGH TRAFFIC LOCATION ON TOPSAIL AND VERY NEAR TO MAJOR HIGHWAYS. LAYOUT EASILY MODIFIED. (id:56688)
Property Details
Listing ID: 26646670
Address: 1042 TOPSAIL Road, MOUNT PEARL, Newfoundland & Labrador, Canada A1N5E6
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Baseboard heaters, Radiant heat, Electric, Propane
Flooring: Carpeted, Other, Concrete Slab
Living Area Total: 5,368 square feet
Price per sq ft: $184
Tax Annual Amount: $0
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Radiant heat, Electric, Propane
Flooring: Carpeted, Other, Concrete Slab
Common Interest: Freehold
Business Type: Other, Retail and Wholesale
Building Features: Air Conditioning
Number of photos available: 7
Rurl
Coordinates: [47.525688, -52.811101]
Rooms
Basic Calculator
First Mortgage: $786,400
Mortgage insurance premium: $0
Total Financing: $786,400
Rough closing fee (1.5%): ~ $14,745
Total downpayment with estimated closing fee: $211,345
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,905 | $70,860 |
| Gross rental income (income/principal ratio) | 0.601% | 7.209% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,229 | $14,748 |
| Vacancy | $296 | $3,543 |
| Management Fee | $473 | $5,669 |
| Expense / Income Ratio | 20.81% | 20.81% |
| Cash Flow | $3,909 | $46,908 |
| Net Operating Income (NOI) | $3,909 | $46,908 |
| Capitalization Rate | 0.40% | 4.77% |
