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1st Floor - Unit 1 & 2
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Flex
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2,400 SF
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$479,195 USD
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Unit Size: 2,400 SF
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Condo Use: Flex
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Price: $479,195 USD
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Sale Type: Investment or Owner User
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Price/SF: $199.66 USD
Description
This offering includes two 1,200 sq. ft. condo units located in the Loyalist Industrial Park, featuring excellent access and a legal side and rear compound. The property provides ample paved parking and, being only about five years old, requires minimal maintenance. Both units are equipped with a 2-piece accessible washroom, and Unit #2 includes a 395 sq. ft. mezzanine ideal for office use or storage. The interior boasts 14'3" ceiling heights to the drywalled ceiling, with the mezzanine ceiling at 7'3". Each unit includes a powered 12' x 12' overhead drive-in door, front and rear 36" man-doors, and an adjoining interior man-door for convenient access between units.
Sale Notes
This opportunity features two 1,200 sq. ft. condo units located in the Loyalist Industrial Park, offering excellent accessibility, a legal side and rear compound, and ample paved parking. The property is approximately five years old, requiring minimal maintenance. A unique investment option is available, with the current owner, National Small Engines, prepared to sign back a fully net lease for a two-year term at $12 per sq. ft., equating to $2,400 per month plus HST. Under this arrangement, the tenant would be responsible for all realty taxes, insurance, condo fees, and utilities. Upon lease expiry, the property offers flexibility for owner-occupancy or continued leasing. Each unit includes a 2-piece accessible washroom, and Unit #2 features a 395 sq. ft. mezzanine suitable for office use or storage. Interior ceiling height reaches 14'3" to the drywalled ceiling, with the mezzanine at 7'3". Both units are equipped with powered 12' x 12' overhead drive-in doors, front and rear 36" man-doors, and an adjoining interior man-door for convenient access between units.
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