-
Type: Commercial/Retail
-
Property Type: Commercial
-
Business Type: Other
-
Zoning: Main Commercial
-
Age: 16-30 years
-
Taxes: 8842.68
-
MLS®#: X11824328
-
Days on Site: 1 Days
-
Added: Dec 02, 2024 (2 weeks ago)
-
Updated:
-
Last Checked: 39 minutes ago
-
Listed By: CENTURY 21 ALL-PRO REALTY (1993) LTD.
2 Excellent TENANTED Commercial Units with shared Entry Vestibule. Main Street Prime Storefront Location. Superb condition. 1 is 4 Offices w/ Reception area and 1 is large open Retail Gift Shop & Home Decor store. Beautifully finished contemporary spaces. Both have large Display Windows. Unit A Tenanted for 6 yrs has 4 Offices, Reception, 2 2-pce Baths R/in, Storage. Unit B is Beautiful Large Retail space. High Ceilings. Newer Flooring. You can purchase this turnkey Investment located in an in-demand, bustling Downtown Heritage Streetscape in Cobourg's downtown. Brimming with high energy entrepreneurs and a variety of all shops & services, restaurants & cafes. The Business and Shopping mecca 100 km to Toronto in a cosmopolitan downtown...just Steps to the shimmering and boat-filled Marina in summer, the Harbourfront Esplanade, Lakefront, Boardwalk for strolling & the coveted sandy Beach. VIA Station is 1blk. 401 close by. Convenient for commuters. Set amongst Key Anchor Tenants: Banks, Financial & Professional Services, Victoria Hall, Art Gallery, Concert Hall, Restaurants, Cafes in the Business, Shopping, Entertainment & Tourist District. Unit A 1140 Sq Ft Pays $19,019/YR Base Rent + $11,289.72/YR TMI or Monthly Base Rent $1,584.91/m + $940.81 TMI/m (Condo Fee $541.04/m + Property Tax $399.77/m) + Heat/Utilities. Leased through 10/31/2026 Unit B 1120 Sq Ft Pays $31,764.12/YR Gross Lease or $2,647.01/m Gross Lease + Heat/Hydro. LL Pays only Unit B TMI $770.75 (Condo Fee $451.28/m & Property Tax $319.47/m) Unit B Leased through 11/30/2025 NOTE: (Condo fees cover: Water, Bldg. Insurance, Common Elements, Reserve fund, Property Mgmt.) Approx. 7% CAP RATE!
Extras
Glass doors into shared, bright, vestibule entrance. Large display windows. Modern lighting. Laminate Flooring. Upgraded decor. High Ceilings. 2 R/In baths. Common area 3rd bath for Tenant B use. Back doors to common area hall/bathroom.
Property
Status: Sale
Type: Other
Property Type: Commercial/Retail
Property Type: Commercial Condo
Age: 16-30
Net Income: 52824
Area: Cobourg
Community: Cobourg
Availability Date: TBD
Inside
Bathrooms: 2
Air Conditioning: Y
Washrooms: 2
Utilities
Utilities: Available
Building
Basement: N
Heat Type: Elec Forced Air
Elevator: None
Freestanding: N
Outside Storage: N
Water Supply: Municipal
Amps: 200
Parking
Garage Type: None
Fees
Tax Year: 2024
Taxes: $8,843
Expenses: Est
Operating Fees: 9249
Commercial Condo Fees: 930
Taxes Type: Annual
Taxes: 8843
Tax Year: 2024
Land
Cross Street: Third St/King St W
Municipality District: Cobourg
Parcel Number: 518620002
Sewer: Sanitary
Zoning: Main Commercial
Commercial Specific
Retail Area: 1120
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 2263
Total Area Metric: Sq Ft
Office Size: 1143
Office Size Metric: Sq Ft
Area Influence: Public Transit
Franchise: N
Crane: N
Lot Code: Unit
Gross Income/Sales: 62073
Merwin Greer School
Elementary: PublicSt. Joseph Catholic Elementary School
Elementary: CatholicSt. Michael Catholic Elementary School
Elementary: CatholicBurnham School
Elementary: PublicNotre Dame Catholic Elementary School
Elementary: CatholicC R Gummow School
Elementary: PublicPeterborough Collegiate and Vocational School
Secondary: PublicPort Hope High School
Secondary: PublicKenner Collegiate and Vocational Institute
Secondary: PublicHoly Cross Catholic Secondary School
Secondary: CatholicSt. Mary Catholic Secondary School
Secondary: CatholicCobourg Collegiate Institute
Secondary: Public
