Ball Real Estate Inc
Jayne Porter

Jayne Porter

Sales Representative
Cell: 416-435-2005
Office: 705-660-2255
MLS®: X12247700 Status: For sale

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$1,499,000
Location:

29375 Hwy 28 S, Faraday Ontario, K0L1C0

29375 Hwy 28 S, Faraday Ontario
Description:
"Storage In Bancroft" This well established, Self Storage Rental Business has been successfully serving the Town of Bancroft & surrounding area for almost 20 years. Ideally situated on Hwy. 28 South for great visibility and access just 5 minutes south of Bancroft. There are a total of 100 Storage Units in 2 buildings with very few vacancies and a waiting list for most units. This business virtually runs Itself. All bookings & payments are conveniently made on line. Projected gross revenue for 2025 is about $137,000.00 plus HST. The NOI (Net Operating Income) is about $107,000.00. Expect a CAP Rate of over 7%. As well as the 100 Units there is a small Office & an Electrical Room, anda large Double Garage currently used by the owners. Garage measuring 32' x 35' could easily be converted to 4 additional rental units or rented out 'as-is'. Note: The site is 1.143 Acres & will be fully fenced prior to closing. (id:2471)
Property:
Type: Business
Lot Dimensions: 1.143Acreage: 1.143 ac
Structure:
Square Footage: 1 ac
Features:
Irregular lot size     
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29375 Hwy 28 S, Faraday Ontario

BALL Real Estate Inc., Brokerage - Norwood

Jayne Porter
Sales Representative

Email Me

Telephone:
705-660-2255

Cellular:
416-435-2005


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Listing Office: RE/MAX COUNTRY CLASSICS LTD.

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