872 Topsail Road
Mount Pearl, NL, A1N3J9
$750,000
About the property (MLS: 1268896):
What an Incredible opportunity! First time on the market as a commercial office space! Completely renovated in 2014 by award winning builder Cardinal Homes Limited, the updates and upgrades make an extensive list! Located at the intersection of Topsail Road and Blackmarsh Road, this prime high traffic area would be an excellent location for any business attraction! This office space would be ideal for any professional business, lawyers, real-estate, therapist/aesthetics, the list of possibilities are endless. The paved parking lot has 14 parking spaces, including handicap space and handicap wheelchair ramp. The entrance steps are completed with composite decking, the interior window treatments have automatic motorized blinds installed on most windows as well as tinting lamination on the front windows and security tinting on the doors. The building is wired for a monitored security system(motion sensors) including wiring for exterior cameras(cameras not included). All interior and exterior finishing’s are top quality commercial grade. The building is wheelchair accessible on the main floor, equipped with a seating area, storage closet, reception area and 2 large offices. The second floor has a bathroom, 3 spacious offices, a board room with networking for teleconference plus a fully accessible kitchen with built in appliances and plenty of cabinetry. The basement level has an additional office, a network/IT/Storage space, an additional bathroom and large approximately 32*21 garage space with an overhead garage door and wi-fi enabled garage door opener. Don’t miss your opportunity to begin your new business venture in this beautiful and modern commercial building! (id:56688)
Property Details
Listing ID: 26663538
Address: 872 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N3J9
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1968
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Other
Living Area Total: 2,880 square feet
Price per sq ft: $261
Tax Annual Amount: $5,700
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Other
Cooling: Air exchanger
Common Interest: Freehold
Business Type: Other
Number of photos available: 43
Rurl
Coordinates: [47.524562, -52.794276]
Rooms
Basic Calculator
First Mortgage: $600,000
Mortgage insurance premium: $0
Total Financing: $600,000
Rough closing fee (1.5%): ~ $11,250
Total downpayment with estimated closing fee: $161,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,169 | $38,028 |
| Gross rental income (income/principal ratio) | 0.423% | 5.070% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $938 | $11,256 |
| Vacancy | $159 | $1,902 |
| Management Fee | $254 | $3,043 |
| Expense / Income Ratio | 29.60% | 29.60% |
| Cash Flow | $1,820 | $21,840 |
| Net Operating Income (NOI) | $1,820 | $21,840 |
| Capitalization Rate | 0.24% | 2.91% |
