361 King St E

Clarington | Newcastle | L1B 1B4
  • 1100.0 sqft
  • 0 gar

$119,900

Est. Mtg $406 /mo
  • Days on market

    36

  • Status

    A

Listing Broker RE/MAX IMPACT REALTY
Since listed: 0 views

Home details

MLS #:

E9294447

Property type:
Sale Of Business
Style:
Taxes:
$14
Possession:
ASAP
Condo Fee:
0.0
Lot Size:
25.0 X 44.0
Zoning:
C4-21
Use:
Convenience/Variety
Heat:
Gas Forced Air Closd

Description


361 King St E, 10, Clarington, Ontario is a Sale Of Business property in Clarington and in the Newcastle community in the L1B 1B4 postal code


Convenience Store located in a busy commercial plaza with Tim Hortons as one of the main tenants. The business has been in the family for over 10 years. It was previously ran by the current owners father. The vendor is prepared to spent a time training the new owner. The vendor will allow any prospective purchaser spend a few days working in the business to assess the daily traffic and business being done. It is unit 10 in the plaza and is 1100 square feet. The Net Rent is $23.00 per square foot = $2384.00 the current TMI is $17.5 per square foot =$1604.23. Net plus TMI = $3988.23 plus HST $518.47 = $4506.70 total rent per month. The current leas expires April 30th 2025. The landlord is open to negotiate a 5 year lease for the new buyer. Gross average sales of Cigarettes is $50K per month and for all other items the average monthly Gross is $25K. Current hours are 9am to 9pm Sunday to Thursday and 9am to 10 pm Friday and Saturday. Hours could be increased to 24 hours. Enbridge Gas is $8500 to $9500 per year..

Extras

ATM is owned all display cases owned by the suppliers and are on loan to sell the product ( Coke, Pepsi, Red Bull, Ice Cooler.



Payment calculator

$407 monthly. In association with: TD Bank
%
  • Principal and Interest
    406 /mo
  • Property Taxes
    $1 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Sandro Rocciolo, Realtor

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