525 RICHMOND ST, London ON N6A 3E8 Photo 1 525 RICHMOND ST, London ON N6A 3E8 Photo 2

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525 RICHMOND ST - **Lot size: 22,28' x 78.84' x 86.39' x 21.39' R. Mixed use commercial/residential property in the heart of Richmond Row. Main floor, approx. 1,500 square feet level leased to Top Gun Steak and Burgers for 5 years, lease expiring on January 31, 2024. Main level was completely re-built-kitchen, mechanical equipment, walk-in cooler washrooms, flooring, digital security cameras. Two 2 bedroom apartments have been updated and are rented at $1,150 and $950 per month plus 50% of hydro. Laundry facilities. Net operating income of $42,222-year 1, $44,622-year 2 and $47,022-years 3-5. Excellent return on investment . Copy of commercial lease and summary of income and expenses available to interested parties.

Property Details

  • ID: 176802
  • Status: Active
  • New Construction: No
  • Property ID: 101386430
  • Storeys: 0
  • Estimated Annual Taxes: $14,616
  • Style:
  • Parking Type Description: None 0 cars

Features

District East
Driveway Private Single Wide, Lane/Alley
Exterior Brick
Features Area Influences Shopping Nearby, Public Transit, Downtown
Features Exterior Other (see remarks)
Features Interior Storefront, Laundry Facilities, Florescent Lights
Fire Protection Alarm
Floorings Laminate, Hardwood, Ceramic, Carpet
Foundations Brick
Garage Y/N No
Heat Primary Forced Air-Gas
Other Zoning - Da2, Inclusions - List To Be Provided
Property SubType Building and Land
Property Type Commercial
Subdistrict East F
Tax Year 2018
Water Supply Municipal
Listed By Gino Mazzuca of CENTURY 21 First Canadian Corp., Brokerage*