x
Showing 1 of 0
X
Save

A&B - 79 KING STREET W
Cobourg Ontario K9A2M4 Canada

$699,000

Active Listing ID X11824328
rule icon
2,263 square feet
bath icon
2.00 Bath
home icon
Retail

$699,000

Active Listing ID X11824328
Save

A&B - 79 KING STREET W 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. (id:203)

Collapse all

Property Features

  • Facts
  • Property Sub-type: Retail
  • Features
  • Cooling System: Fully air conditioned
  • Heating Systems: Forced air, Electric
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 12/4/2024 3:55:11 AM GMT
Source Updated Date: 12/11/2024 10:56:46 PM GMT

Courtesy of: DENISE EILEEN LIBOIRON, Salesperson, CENTURY 21 ALL-PRO REALTY (1993) LTD.