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32 Clearview Dr, Tillsonburg, ON

Name: 32 Clearview Dr, For Sale in Tillsonburg - Zoocasa
Brand: CENTURY 21 MILLER REAL ESTATE LTD.
SKU: X14085316
Price: 2350000 CAD

House

For Sale

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0121

MLS® X14085316

Overview

Key Facts

Type

Levels Commercial Sale

Size 11000 sqft

Garage

Taxes $31,967

Days Active 6

Lot Size 11000 Acres

Approx. Age

Avg. Price Per Sqft $213

MLS® Number X14085316

Property Address: 32 Clearview Drive W, Tillsonburg, ON, N4G4G8

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to own approximately 11, 000 sq. ft. of industrial property with 5+ years of operation. Zoning allows for cannabis cultivation. 400 amps, 600 volts (3-Phase) electrical service. Building Size: Approximately 11, 000 sq. ft.Year Built: 2021Zoning: MG - IndustrialLand Size: 0.71 acresLocation: Industrial/commercial area just off Highway 3Electrical Service: 400 Amps, 600 Volts, 3-PhaseWater Supply: Municipal water with a 1-inch service lineSewer: Connected to municipal sewer systemNatural Gas: Large natural gas service lineBuilding DimensionsMain building: 60 ft. 156 ft.Additional attached section: 35 ft. 26 ft. 14 ft.Major Renovations and Improvements: The property has undergone approximately $500, 000 in renovations and improvements. At the time of purchase, the three HVAC units, each rated at 25 tons, had been removed. The seller subsequently reinstalled all three units, providing a total HVAC capacity of 75 tons. Existing Tenant and Investment PotentialMonthly Rental Income: $13, 550Annual Rental Income: $162, 600Remaining Lease Term: Approximately 2 yearsAsking Price: $2, 350, 000Approximate Gross Rental Yield: 6.92% annuallyBased on the current rental income, the property offers an approximately 7% gross annual rental yield before expenses. Vendor Take-Back (VTB) Financing: The seller is willing to provide 50% vendor take-back financing in first position, subject to mutually acceptable terms and due diligence. This financing opportunity may allow a qualified purchaser to acquire the property with reduced upfront capital requirements. A compelling opportunity for investors and owner-users seeking a modern industrial property with existing rental income, substantial improvements, and potential vendor financing. (id:58753)Show Description

MLS® NumberX14085316

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

HeatForced air, Natural gas

A/CFully air conditioned

Extras

Map

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