Details: Commercial Building in Inverness
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This property is temporarily off the market.
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| Price: |
$359,900 |
| MLS#: |
50126382 |
Tradewinds #: |
O - 5438 |
| Category: |
Commercial Retail/with Residential Units |
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| Address: |
15790 Central Avenue |
| City: |
Inverness, Inverness County, Cape Breton, Nova Scotia, Canada B0E1N0 Tradewinds #: O - 5438 |
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| Lot Size: |
10,650 sq. ft. |
| Sq. Footage (MLA): |
6,600 sq.ft. |
| Sq. Footage (TLA): |
6,600 sq.ft. |
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| Overview: |
A building on the central street of Inverness with AAA leases, and additional 4 (maybe 5) residential suites on the second floor - all leased. The gross income is substantial, and the net of decided interest to the careful investor. New roof in April 2010, new bathrooms in two of the four suites in 2009, and repointing of the brick back wall being presently contracted by owner.
This is a desirable and upscale property as evidenced by the leases and provides an income that deserves to be reviewed by interested parties. Contact agent for financials on the production of an NDA (non-disclosure agreement).
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| Notable: |
READ WHY PROPERTY VALUES MAY RISE IN INVERNESS OVER THE NEXT SEVERAL YEARS AT A RATE THAT OUTPACES THE NORM.
Inverness has been re-inventing itself with considerable success for the past several years and is now on the verge of a significant take-off with the 2010 expected opening of the new links golf course - Canada's sole true links course. This building overlooks the new course and the Gulf beyond, and being placed centrally in the town, couldn't be better located. This is an excellent way into town with a multi-purpose building that should provide good business opportunities. |
| Comments: |
A commercial building 41 years old that has been well kept up and is producing a documentable excellent return. A new 5 year lease for the principal lessee has just been signed.
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| Directions: |
Showing by appointment only, please. |
- Area Links:
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 The Inverness County Web Site- A very comprehensive site. Has good links pages and a very nice photo gallery. The latter includes 3 photos of Inverness Beach which is the beach visible in one of the photos for this property.
- Government Site
- A photo of the beach.
- The Oran
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For area news - this is the web site of the local weekly newspaper, The Oran.
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- Area Photos:
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From "Tours with Tom" Cape Breton Photos:
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| Type: |
Commercial / Residential |
| Style: |
2 storey |
| Title to Land: |
Freehold |
| Property Size: |
10,650 sq. ft. |
| Land Features: |
Cleared, level with terraced yard in rear, rectangular, gravel drive, commercial exposure - main paved street in Inverness, paved parking |
| Access: |
Paved Road |
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| Heating: |
Electric/Oil |
| Garage Type: |
none |
| Water: |
Municipal |
| Sewer: |
Municipal |
| Services: |
Electricity, Telephone, Cable, Garbage Pick-up, High Speed Internet |
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| Exterior: |
Brick, Stone |
| Driveway: |
Paved |
| Foundation: |
Concrete/Wood |
| Features: |
• Shopping Nearby
• Visual Exposure
• High Traffic Location
• Public Parking
• Living Accommodations
• Wheelchair Accessible
• Fire Hydrant
• Smoke Detection
• Other Fire Protection
• Living Accommodations
• Window Display
• Laundry Facilities
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| Roof: |
Tar/Gravel ( new in April 2010 ) |
| Flooring: |
Various |
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| Inclusions: |
To be decided in negotiation |
| Exclusions: |
To be decided in negotiation |
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| Bedrooms: |
4 to 5 suites |
Sign: |
No |
| Bathrooms: |
7 |
Lockbox: |
No |
| Building Age: |
41 |
PCDS: |
Yes |
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| Assessment: |
$295,700 (2009) |
Taxes: |
$5,879 (2009) |
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| Listing Realtor: |
Tom Childs
Call any time @ 1-866-325-1001 |
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Tradewinds Realty Inc. |
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