341 George St N, Peterborough, K9H 3P9

Listing Overview

Description

7% CAP RATE. The business will guarantee 100% of occupancy. Location! Location! Location! A great investment opportunity in the heart of Peterborough down town. Right across from Peterborough Square Mall, surrounded with banks, doctors, offices, entertainment places. 2 occupied apartments and just 2 years ago beautifully designed retail store in a very high traffic area. 2X1 bed apt's brings $700+$725, the business (since 1946) wants to stay as a tenant for 5+5+5+ years. A) $700+$725=$1425 X 12 months = $17,100 + B) 4408.34 X 12 months = $52,900. (+ HST). $70,000 net income. The 2 bedroom apartments have separate entrance. Details Available.

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On Market

Land

Property Type

$13,849 / Year

Est. Taxes

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Style

Jewellery

Business Type

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Franchise