120 1058 MAINLAND STREET, Vancouver | $589,000

Rarely available commercial strata lot in famous Yaletown area: tourist, shopping & dining district, located at the corner of Mainland & Helmcken. Yaletown - Roundhouse skystrain station nearby, minutes away from BC Place. 308 sf, ground floor unit inside heritage Building with HA-3 zoning. Street Exposure from Mainland Street front entrance. One parking included. Present tenant operating hair salon business since Sept 1, 2016. Monthly gross rental $2,400 plus parking $135 per month. Net rental $1,768: monthly strata fee $329.67 and monthly property tax $437.50. Yearly return 3.6%. Lease will be expired on August 31, 2027. All showings must be by appointment, please do not disturb tenant.

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Description

Rarely available commercial strata lot in famous Yaletown area: tourist, shopping & dining district, located at the corner of Mainland & Helmcken. Yaletown - Roundhouse skystrain station nearby, minutes away from BC Place. 308 sf, ground floor unit inside heritage Building with HA-3 zoning. Street Exposure from Mainland Street front entrance. One parking included. Present tenant operating hair salon business since Sept 1, 2016. Monthly gross rental $2,400 plus parking $135 per month. Net rental $1,768: monthly strata fee $329.67 and monthly property tax $437.50. Yearly return 3.6%. Lease will be expired on August 31, 2027. All showings must be by appointment, please do not disturb tenant.

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MLS Listing ID: C8066316 Bedrooms: 0 Bathrooms: 0 Year Built: 0

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .