Rare opportunity to own a well-established automotive business with a strong reputation in the Hamilton location. The buyer will have the chance to take over all existing clients and all shop equipment. Zoning: M5 Zone permits Motor Vehicle Repair (current use), Motor Vehicle Body Repair & Painting, auto parts retail, Dealer, Savage yard. The premises consist of approximately 2,464 sq ft shop, and a large additional lot is fully set up for general automotive repair and maintenance, allowing for a smooth transition for the next operator. Turnkey operation with existing lease in place. Current lease term runs until January 31, 2030, plus three years, providing long-term stability. Competitive rent structure with scheduled increases over the term. Tenant is responsible for utilities including hydro and gas, along with a proportionate share of additional operating costs; utilities 50% of the total. Rent including TMI and HST: $ 7900. The property also features a large additional lot with parking for approximately 95 Vehicles, including the rent. (id:13843)
| MLS # | X13657922 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 75 |
| Listing Provided By | CENTURY 21 PEOPLE'S CHOICE REALTY INC. | RAAFAT EL-HAMARNAH |
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 2,500 |
| Zoning | M5 |
| Cooling | None |
|---|---|
| Heating | Radiant heat |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 8015 |
|---|
| Province | ON |
|---|---|
| City | Hamilton (Industrial Sector) |
| Postal Code | L8L4B5 |
| Listing VS Median (in L8L4B5) | |
Price: $149,000 low | high Med: $429,999 sqft: 2,500 low | high Med: 900 $ / sqft: $60 low | high Med: $478 On site: 75 low | high Med: 122 | |
| Province | ON |
|---|---|
| City | Hamilton (Industrial Sector) |
| Postal Code | L8L4B5 |
| Listing VS Median (in L8L4B5) | |
Price: $149,000 low | high Med: $429,999 sqft: 2,500 low | high Med: 900 $ / sqft: $60 low | high Med: $478 On site: 75 low | high Med: 122 | |