INVESTMENT-GRADE PROPERTY FOR SALE IN LONDON, ON


  • Price: $2,999,000
  • Area: London, ON

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A GREAT INVESTMENT PROPERTY AVAILABLE COMPRISED OF THE FOLLOWING:

FULLY LEASED 50 UNIT HOTEL: $12,000 / Month plus utilities.
ADULT ENTERTAINMENT FACILITY: $12,000 / Month plus utilities.

New 9 year lease with two 5 year options.

MEAT HEADS RESTAURANT + PATIO: $2,500 / Month plus HST & utilities.
THE ROOSEVELT ROOM NIGHT CLUB: $5,500 / Month plus HST & utilities.

ALL TENANTS ARE PROFITABLE AND ON LONG TERM LEASES.

Over $315,000 in Net Annual Income. Taxes: $48,000 for 2015.
Offered to market at a 8.5% Capitalization Rate.

$2,999,000 – for the whole building and businesses.
$2,499,000 – for just the building.

PLEASE DO NOT GO DIRECT, PLEASE DO NOT SPEAK TO STAFF, YOUR DISCRETION IS APPRECIATED.
CONTACT THE LISTING AGENT FOR MORE INFO AND OFFER PACKAGE

Please do not go direct. Please do not speak to staff. Your discretion is appreciated.
Contact the listing agent for more information and a complete offer package.

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