Courtesy of: KNUTE DOHNBERG, Salesperson, COLLIERS SOUTHWESTERN ONTARIO
Courtesy of: KNUTE DOHNBERG, Salesperson, COLLIERS SOUTHWESTERN ONTARIO
$1,100,000
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1
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Retail
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$1,100,000
10 SYDENHAM STREET INVESTMENT OPPORTUNITY IN GREY COUNTY - FIRST TIME FOR SALE IN 25 YEARS6+% CAP RATE currently with a 3% rent increase being applied to all units in the fall. Home to 4 RENOVATED APARTMENTS & 1 RETAIL. Main floor retail. Downstairs, fronting onto Hwy10 at the main intersection is a very successful boutique Cheese and Charcuterie Food Shop "The Artemesia Cheese Shop" in the bustling town of Flesherton. A are staple for the many high end clients who call Grey Highlands their playground or home. Rents for the Apartments are: Apt A $18k / Apt B $15k / Apt C $12.5K / Apt D $17.8K / Cheese Shop 5 Year Lease for the retail $2, 500 + HST with at market rent increase (3%) annually. Annual Gross Rental Income : Artemesia Cheese $33, 900Apt A $18, 000Apt B $15, 000Apt C $12, 528Apt D $17, 832Total 2025 Gross Income : $97, 260 Annual 2025 Expenses :Heat & Hydro : $9, 720Property Tax : $3, 775Insurance : $3, 619Total 2025 Expenses: $17, 114.00Vacancy Allowance : (5% of Gross Income) $4, 863.00Repairs & Maintenance : (8% of Gross Income) $7, 780.00Total 2025 $12, 643.00 Gross Income : $97, 260.00Less Expenses $29, 757.00Net Income (NOI) : $67, 503.00Don't miss this fantastic opportunity to own a buys and successful building along the Hwy 10 Corridor in this growing market area. (id:203)