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1355 8260 WESTMINSTER HIGHWAY, Richmond | $399,000

Property for Sale! Net rent income 2000/month! A rare opportunity to achieve a 6% return on investment! Located on the ground floor of Richmond Public Market, currently operating a frozen beef and lamb business. The corner location offers more display space and significant growth potential. The seller, Frozen meat business, Guaranteed leaseback with a guaranteed more than 5 year lease (negotiable) with high gross net rent $2000 + GST (Tenant pay Property fees). Rental returns around 6% are higher than typical apartments, allowing you to start collecting stable rent immediately. Please contact agent with private viewing agent. Showing by appointment only. Do not disturb staff.

Description

Property for Sale! Net rent income 2000/month! A rare opportunity to achieve a 6% return on investment! Located on the ground floor of Richmond Public Market, currently operating a frozen beef and lamb business. The corner location offers more display space and significant growth potential. The seller, Frozen meat business, Guaranteed leaseback with a guaranteed more than 5 year lease (negotiable) with high gross net rent $2000 + GST (Tenant pay Property fees). Rental returns around 6% are higher than typical apartments, allowing you to start collecting stable rent immediately. Please contact agent with private viewing agent. Showing by appointment only. Do not disturb staff.

General Info


MLS Listing ID: C8078449 Bedrooms: 0 Bathrooms: 0 Year Built: 1994

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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 .