Featured Listing Property Detail   

Investment Property In Toronto AAA Tenants & 6% Cap

Price:
$8,900,000  For Sale
MLS® No:
  •  photo

Features

Property Type:
Industrial
Property Style:
Commercial
Central AC:
None
Fire Place:
N
Ensuite Laundry:
N

Strategically located near Pearson International Airport and Woodbine Racetrack and bounded by several major highways, this unique property with AAA tenants offers stable cash flow and development potential. The golf club leases the land from the City with a long term lease and the first right of refusal. The building is 2-storey with approx 25, 800 Sq. Ft. plus basement on a prime 1. 5 acres of lot. The upper level of the building is occupied by a very solid tenant in the event and night club business. Overlooking the beautiful golf course, this upscale establishment is one of the best wedding and corporate venues and night clubs in Toronto. The tenant has done extensive leasehold improvements. They also took over the golf baquet hall business on the main floor and did extensive leasehold renovation in 2016. The Seller will lease back the rest of the main floor (office + golf merchandise shop). Cap rate is 6%. Asking price is $8, 900, 000.

All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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Michelle Cao MBABroker of Record/PresidentBus: 416-636-7653 (SOLD)
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