About the property (MLS: 1280664):
DESIGNED OFFICE SPACE OFFERS GOOD UTILITY AND CAN EASILY BE ADAPTED TO ANY NUMBER OF SMALL BUSINESS USES IN THIS 2090 SQ FT OFFICE SUITE .THIS CORNER UNIT HAS SUFFIENT FRONTAGE,GOOD EXPOSURE AND EASY ACCESS TO TWO PARKING LOTS AT EACH END THE BLDG. PARKING SPACES HARDLY EVER FULL. SIGNAGE IN PLACE LOCATED IN THE HEART OF MT.PEARL THE OFFICE SUITE OFFERS RECEPTION/WAITING AREA,EIGHT OFFICES, PLUS A BULLPEN AREA,KITCHETTE,UTILITY ROOM AND 2 PC BATHROOM . SOME ELECTRIC HEAT PLUS A HEAT PUMP SYSTEM PROVIDING HEAT AND A/C. THIS A COMMERCIAL CONDO WITH MTHLY FEES OF $1003.66(2025 CONDO FEE ) WHICH COVER COMMON AREA COSTS. EASY ACCESS TO ALL MAJOR HWYS. (id:56688)
Property Details
Listing ID: 27799017
Address: 1 CENTENNIAL Square Unit#101, MOUNT PEARL, Newfoundland & Labrador, Canada A1N1G4
Status: Active
Last updated: a month ago ( Jan 14, 2025 )
Year Built: 2010
Property Type: Business
Structure Type: Other
Heating: Heat Pump, Baseboard heaters, Electric
Flooring: Mixed Flooring
Living Area Total: 2,090 square feet
Price per sq ft: $263
Tax Annual Amount: $4,926
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Baseboard heaters, Electric
Flooring: Mixed Flooring
Business Type: Service
Building Features: Air Conditioning
Number of photos available: 19
Rurl
Coordinates: [47.519033, -52.80688]
Rooms
Basic Calculator
First Mortgage: $439,600
Mortgage insurance premium: $0
Total Financing: $439,600
Rough closing fee (1.5%): ~ $8,243
Total downpayment with estimated closing fee: $118,143
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,299 | $27,588 |
Gross rental income (income/principal ratio) | 0.418% | 5.021% |
Mortgage | $0 | $0 |
Monthly Expenses | $687 | $8,244 |
Vacancy | $115 | $1,380 |
Management Fee | $184 | $2,208 |
Expense / Income Ratio | 29.88% | 29.88% |
Cash Flow | $1,314 | $15,768 |
Net Operating Income (NOI) | $1,314 | $15,768 |
Capitalization Rate | 0.24% | 2.87% |