$1,499,000
29375 Hwy 28 N/A, Faraday, ON K0L 1C0
Property Description
Property type
Sale Of Business
Lot size
N/A
Style
Approx. Area
1.143 Sqft
About 29375 Hwy 28 N/A
"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.
Home Overview
Last updated
Jun 27
Virtual tour
None
Basement information
Building size
1.143
Status
In-Active
Property sub type
Sale Of Business
Maintenance fee
$N/A
Year built
2025
Additional Details
Price Comparison
Location
Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Hwy 28 N/A
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