| Two Adjoining Units (135 & 136) Within The New China City Plaza - A Mixed-use Retail Plaza In The Eatery District Of Scarborough. This Plaza Features Over 40 Individual Retail Units & 600 Parking Spaces. Retails Include A Mega Sized Grocery Store & The Famous Chatime. Subject Units Currently Leased To A Hot Pot Tenant With A 10-year Lease Ending July 31, 2031, Plus 5 Year Option To Renew. The Restaurant Occupies 5 Adjoining Units Including #135 & 136. Rental Information Available Upon Request. Condo Maintenance Fee, Property Taxes & Unit Size Indicated Are For Both Units. Tenant Responsible For Condo Maintenance Fee, Property Taxes & Utilities. Great Investment Property With Steady Return. Rental Escalation Every 2 Years. Listing Price Is Based Upon A 4.79% Cap Rate At Current Rent. |
| Area Influences: Public Transit |
| Extras: Property under Power of Sale. No warranty whatsoever and to be sold in "as is, where is " condition. Buyer must assume existing tenancy. Unit 135 PIN #768680031, Unit 136 PIN #768680032. |
| Taxes: $14593.94 / 2023 |
| Possession Remarks: N/A |
| Zoning: Commercial |
| Days On Market: |
| List Updated |
2024-02-18 |
| MLS# |
E7371244 |
| Courtesy: Hc Realty Group Inc. |
| Sign In to see complete listings details and more. |
| Trust the Business Real Estate Team to Save you Time and Money. Call or Text 416-436-8256.
|
