518 - 522 Upper Sherman Avenue

Hamilton, Ontario

L8V3L8
1,200,000
Retail
Fantastic Opportunity to own a freestanding retail building in an excellent Hamilton Mountain location. High Visibility on the Upper Sherman corridor. Currently rented to one tenant who is a popular physiotherapy clinic. Lease in place until September 30th, 2023. Current Rent at $5,407.50 + HST / month. To increase to $5569.73 + HST on October 1st 2020. Rent increased every two years (on lease). Tenant pays all utilities and expenses (including taxes as per lease). The building itself is extremely well built. All three units (#518, #520, #522) have their own front and rear entrances as well as their own bathrooms. Currently there are doorways connecting all three units as the existing tenant uses the entire space. Parking is offered at 3-4 spaces at the front of the building (off of Upper Sherman Ave.) and 5-6 spaces at the back of the building (off of Brucedale Avenue East). The building also offers a laundry room and a separate kitchenette in the middle unit. Financials available. The roof was updated in 2015 and the HVAC system in 2014. (id:6355)

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THE TRADEMARKS MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE OWNED OR CONTROLLED BY THE CANADIAN REAL ESTATE ASSOCIATION. USED UNDER LICENSE. MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE TRADEMARKS OF THE CANADIAN REAL ESTATE ASSOCIATION.