Prime Investment Opportunity in Skycity Shopping Centre!Excellent location at the busy intersection of Finch & Midland, within the highly visible Skycity Outdoor Shopping Centre. Steps to TTC and minutes to Hwy 401 & 404. Ample free surface parking available.Ideal for investors seeking a stable tenant and solid return. Buyer to assume the existing 5-year lease (until August 31, 2030).The unit has been fully renovated and equipped for a bubble tea business, which has been successfully operating for almost 10 years. Includes a 2-piece washroom.Current Gross Rent: $2,442.71 + HST / month, Gross Cap Rate: approx. 7.9%Net Cap Rate: approx. 5.7% Fantastic turnkey investment opportunity with a reliable tenant and consistent income in a high-traffic commercial plaza! (id:51158)
| MLS® Number | E12498248 |
| Property Type | Retail |
| Community Name | Milliken |
| Amenities Near By | Public Transit |
| Bathroom Total | 1 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 469 Ft2 |
| Type | Retail |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/29055861/b117-3272-midland-avenue-toronto-milliken-milliken
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