About the property (MLS: 1272407):
Welcome to 1288 Topsail Rd, a prime commercial property for businesses. This spacious building feature a well-designed warehouse, providing ample space for storage, operations, or any business needs. Situated on a highly trafficked street, it guarantees maximum exposure and visibility for your business. The location is ideal, attracting a steady flow of potential customers. With its strategic position and versatile layout, this property is a perfect fit for a wide range of businesses. Don't miss out on this incredible opportunity to establish your presents in this very popular area. (id:56688)
Property Details
Listing ID: 26920583
Address: 1288 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1N7
Status: Active
Last updated: 5 months ago ( May 22, 2024 )
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Heating: Electric
Flooring: Laminate, Carpeted, Mixed Flooring
Living Area Total: 17,632 square feet
Price per sq ft: $114
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Flooring: Laminate, Carpeted, Mixed Flooring
Common Interest: Freehold
Business Type: Food Services and Beverage, Other, Retail and Wholesale
Building Features: Recreation Centre
Number of photos available: 38
Rurl
Coordinates: [47.533873, -52.838543]
Rooms
Basic Calculator
First Mortgage: $1,600,000
Mortgage insurance premium: $0
Total Financing: $1,600,000
Rough closing fee (1.5%): ~ $30,000
Total downpayment with estimated closing fee: $430,000
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $19,396 | $232,752 |
Gross rental income (income/principal ratio) | 0.970% | 11.638% |
Mortgage | $0 | $0 |
Monthly Expenses | $2,500 | $30,000 |
Vacancy | $970 | $11,638 |
Management Fee | $1,552 | $18,621 |
Expense / Income Ratio | 12.89% | 12.89% |
Cash Flow | $14,375 | $172,500 |
Net Operating Income (NOI) | $14,375 | $172,500 |
Capitalization Rate | 0.72% | 8.63% |