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Commercial condo in Westmount for sale: 28100863

$1,895,000
4075Z Rue Ste-Catherine O.,
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Gross revenue $178,347 * Prime location in prestigious building*Stable tenant *Net revenue $106,120 yearly & 2% annual increase* Commercial condos in 1 Wood Avenue next to Westmount Square, Alexis Nihon Plaza, Old Forum and new real estate development on Rene Levesque and Atwater*Tenant pays all expenses*See addendum
Address:
4075Z Rue Ste-Catherine O.
City:
State/County:
Zip Code:
H3Z 3J8
Country:
Canada
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Living space area:
2951 ft2
Property Lot Size:
4 571,00 ft2
Type:
Commercial condo
Condominium type:
Divided
Year Built:
1989
Company name:
Shushi Crystal
Option to renew the lease :
Yes
Lease expiration date (Year - Month):
2023-11
Water supply:
Municipality
Foundation:
Poured concrete
Kind of commerce:
Restaurant
Siding:
Concrete, Brick
Sewage system:
Municipal sewer
Zoning:
Commercial
Distinctive features:
Street corner
Proximity:
Other, Public transport
Building details
Front: 41 Feet irr.
Depth: 39.80 Feet irr.
Living space area: 2951 Square Feet irr.
Land
Area: 4571 Square feet
Municipal assessment
Year:
2019
Land:
$49,100
Building:
$932,600
Taxes
Municipal:
$31,809 (2019)
School:
$1,618 (2018)
Expenditure / Energy (annual)
Condo fees:
$38,400
Insurance:
$400
walkscore99 / Walker's Paradise more details here

Shushi Crystal is a stable tenant with other locations throughout Montreal Tenant pays all expenses Note; The tenant has the right of first refusal Total of 4,751 sf usable space which includes exclusive use of 1,620 sf of common area plus the corner terrace Expense Summary; $31,809 Westmount City Taxes = 2019 $ 1,618 School Taxes = 2018-2019 $38,400 Condo Fees Dec 1, 2018 to Nov. 30, 2019 $ 400 Insurance cost $72,227 Total cost of expenses paid by tenant Base Rent Summary; Dec 1, 2013 to Nov 30, 2016 = $ 96,000 Dec 1, 2016 to Nov 30, 2017 = $102,000 Dec 1, 2017 to Nov 30, 2023 = 2% annual increase Yearly base rent breakdown at 2%; Dec 1, 2017 to Nov 30, 2018 = $104,040 Dec 1, 2018 to Nov 30, 2019 = $106,120 Dec 1, 2019 to Nov 30, 2020 = $108,242 Dec 1, 2020 to Nov 30, 2021 = $110,406 Dec 1, 2021 to Nov 30, 2022 = $112,614 Dec 1, 2022 to Nov 30, 2023 = $114,866 Option to renew 10 years; Dec 1, 2023 to Nov 30,2024 = 5% = $120,609 Dec 1, 2024 to Nov 30, 2033 = 2% annual increase

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