Kensington-Chinatown, M5T 2G5
Description
Rare opportunity to buy an institutionally managed commercial asset on one of the busiest stretches of Chinatown and steps from University of Toronto's Campus. The property is 100% leased and offers a buyer a going in yield of 6.4% and has a WALT of 6.6 years. The ground floor is a leased to Rol San who has been a neighborhood favorite for over 30 years and the second floor is leased to Clutch games, a popular hobby and collectibles store. The leases contain rental escalations, and the property offers future development potential. The total building area is 5,027 Square Fee; 3,416 SF Above Grade, plush 1,611 SF of basement space.
Features
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Category:
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Total Area: 5,027 sqft
- Retail Area: 5,027 sqft
- Parking Types: None
Details
- Zoning: Central Business District Commercial
- Tax: $ 49,232
- Alcohol Allowed: N
- C12573318
- Listing contracted with: CBRE LIMITED
