About the property (MLS: 1281220):
Shop owner retiring! Great location for a convenience store, on the corner of Holden and Wyatt. The store provides the local neighbourhood with lunch sandwiches, snacks, lotto, cigarettes and beer, amongst many other items. Current owner has operated the store for almost 15 years. The store was built in 1995. Store is included with the purchase of the rental. Long term tenants wishing to stay. Store owner may be in the store for viewings. Viewings take place in conjunction with store hours of 10 a.m. to 9 p.m. As per Sellers Direction, there will be no conveyance of any written offers prior to 1.pm on January 27, offers are to remain open until 6.pm on January 27. (id:56688)
Property Details
Listing ID: 27839374
Address: 52-54 Holden Street, Mount Pearl, Newfoundland & Labrador, Canada A1N3G9
Status: Active
Last updated: 20 days ago ( Jan 24, 2025 )
Year Built: 1986
Property Type: Retail
Structure Type: Retail
Ownership Type: Freehold
Heating: Electric
Flooring: Mixed Flooring
Living Area Total: 1,712 square feet
Price per sq ft: $263
Tax Annual Amount: $1,562
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Flooring: Mixed Flooring
Cooling: Air exchanger
Common Interest: Freehold
Business Type: Food Services and Beverage
Number of photos available: 24
Rurl
Coordinates: [47.53225, -52.801157]
Rooms
Basic Calculator
First Mortgage: $359,920
Mortgage insurance premium: $0
Total Financing: $359,920
Rough closing fee (1.5%): ~ $6,749
Total downpayment with estimated closing fee: $96,729
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,884 | $22,608 |
Gross rental income (income/principal ratio) | 0.419% | 5.025% |
Mortgage | $0 | $0 |
Monthly Expenses | $563 | $6,756 |
Vacancy | $95 | $1,131 |
Management Fee | $151 | $1,809 |
Expense / Income Ratio | 29.88% | 29.88% |
Cash Flow | $1,077 | $12,924 |
Net Operating Income (NOI) | $1,077 | $12,924 |
Capitalization Rate | 0.24% | 2.87% |