206 Central Avenue, London | Image 1

206 Central Avenue

London, East F

  • Commercial

$2,199,000
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Hospitality/Food Related

  • Zoning: BDC

  • Age: 51-99 years

  • Taxes: 36728

  • MLS®#: X9049763

  • Days on Site: 45 Days

  • Added: Jul 22, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: SUTTON GROUP - SELECT REALTY

FABULOUS PROPERTY ON RICHMOND ROW. ANCHOR TENANT IS BURRITO BOYZ. 4 LUXURY APARTMENTS WITH 11 BEDROOMS IN TOTAL. HIGH END LUXURY FINISHES. LOCATED JUST STEPS OFF RICHMOND, WEST ON CENTRAL WITH LOTS OF PARKING IN THE BACK. RARE OPPORTUNITY TO OWN A LUXURY BUILDING IN THE HEART OF RICHMOND ROW. GROSS INCOME OVER $174.000 A YEAR. BURRITO BOYZ HAVE SIGNED A NEW 10 YEAR LEASE. ALL APARTMENTS HAVE LAMINATE FLOORS. CERAMIC, QUARTZ COUNTERTOPS. 5 APPLIANCES. 2-4 BEDROOM UNITS HAVE 2 FULL BATHS, 1-2 BEDROOM AND A 1-1 BEDROOM APT. CONTROLLED ENTRY.

Extras

Assumable 1st Nat. bal. $1,169,403.81 @ ded.31,2023 @ 5.35% payments P&I Due Nov 1,2025 with $500,000 down seller will hold 2nd @ 2%

Property

  • Status: Sale

  • Type: Hospitality/Food Related

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Age: 51-99

  • Area: London

  • Community: East F

  • Availability Date: FLEXIBLE

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • UFFI: No

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 9

Fees

  • Tax Year: 2024

  • Tax Legal Description: PART OF LOTS 1&2 PLAN 167 (W) 33R-5397

  • Taxes: $36,728

  • Expenses: Act

  • Taxes Type: Annual

Land

  • Cross Street: RICHMOND

  • Municipality District: London

  • Parcel Number: 082630188

  • Sewer: Sanitary

  • Lot Depth: 111.14 Feet

  • Lot Frontage: 45.08 Feet

  • Zoning: BDC

Commercial Specific

  • Retail Area: 1400

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 4400

  • Total Area Metric: Sq Ft

  • Office Size: 3000

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

Map of 206 Central Avenue, London
JK-8

St Michael

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1.60 km
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Victoria Public School

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St Georges Public School

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Lord Roberts Public School

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