Hamilton L8R 2L2
Canada

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C2,999,990
($2,129,500)
(€1,869,700)
Annual Taxes:C28,585
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario

Presenting 193 197 James Street North, on one of the most prestigious streets Hamilton has to offer.

Description

Presenting 193-197 James Street North, on one of the most prestigious streets Hamilton has to offer. Steps to public transit, West Harbour Go Station, Acclamation Condos & other thriving businesses & future developments- this infamous building originally the Armoury Hotel has evolved to what is now a 21 unit office/retail asset. Set on the corner of James St N & Mulberry, this ~ 9700 square foot (as per MPAC) all brick building features a long time anchor tenant, Snafu Studios (both at street level) with 19 studio/office spaces across the second and third floors stable with young professional tenants & low vacancy producing ~$300,000 in annual gross income (before recoverable). The property also features forced air (dual system), central air (multiple units), high speed internet, hardwood floors while the office floors are equipped with 4 bathrooms (3 w/showers) and a shared kitchenette. Huge upside in converting office leases to a net structure (6/19 converted) and driving up NOI. All office tenants can also enjoy secured entry! An incredible opportunity to add to any commercial portfolio! Phase 1 & 2 ESA reports available. BUSINESSES NOT FOR SALE

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.