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$1,499,000
Available - For Sale
Listing ID: X12247700
"Storage In Bancroft" This well established, Self Storage Rental Business has been successfully serving the Town of Bancroft & surrounding area for almost 20 years. Ideally situated on Hwy. 28 South for great visibility and access just 5 minutes south of Bancroft. There are a total of 100 Storage Units in 2 buildings with very few vacancies and a waiting list for most units. This business virtually runs Itself. All bookings & payments are conveniently made on line. Projected gross revenue for 2025 is about $137,000.00 plus HST. The NOI (Net Operating Income) is about $107,000.00. Expect a CAP Rate of over 7%. As well as the 100 Units there is a small Office & an Electrical Room, anda large Double Garage currently used by the owners. Garage measuring 32' x 35' could easily be converted to 4 additional rental units or rented out 'as-is'. Note: The site is 1.143 Acres & will be fully fenced prior to closing.
Price $1,499,000
Taxes: $10,619.42
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Vacant
Address: 29375 Hwy 28 N/A South , Faraday, K0L 1C0, Hastings
Postal Code: K0L 1C0
Province/State: Hastings
Legal Description: LOT 8 AND PART LOT 7 RCP 2324 SRO, FARAD
Directions/Cross Streets: Highway 28 South
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: With Property
Use: Self Storage
Building Percentage: T
Total Area: 1.14
Total Area Code:  Acres
Office/Appartment Area: 0
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Business/Building Name: Storage In Bancroft
Financial Statement: F
Chattels: F
Franchise: T
Days Open: O
Hours Open: 8:00 am
Employees #: 0
Seats: 0
Maintenance: 0
Vacancy Allowance: 3
Net Income Before Debt: $107000
Expenses Actual/Estimated: $Est
Sprinklers: No
Rail: N
Heat Type: None
Central Air Conditioning: No
Sewers: None
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RE/MAX COUNTRY CLASSICS LTD.

29375 Hwy 28 N/A South , Faraday, K0L 1C0, Hastings


 
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Type: Com - Sale Of Business
Area: Hastings
Municipality: Faraday
Neighbourhood: Faraday
Style:
Lot Size: x 402.64(Feet)
Approximate Age:
Tax: $10,619.42
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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