The property offers the opportunity purchase a fully leased, strata-titled investment property in Newton. Fully-leased with 3 tenants, the subject property provides signage with direct exposure to King George Boulevard, and ample surface parking. With below market rents in place, there is opportunity to significantly increase the existing income upon lease expiry in 2023 and 2026. Everyday services are a short drive away including grocery stores, schools, and shops. The transit friendly neighbourhood also benefits from having easy access to all major highways and commuting routes.
The complex was constructed circa 1990 and consists of 6 strata lots. Each unit has 100 to 200 amp, 3 phase electrical service with the HVAC unit located on the roof. The torchon roof was replaced in 2004.