351-353 Main St E Investment Details

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351-353 Main Street East, Milton, ON Approximately 7,500 square feet in total - 2 retail tenants and 3 residential apartments 2 residential apartments vacant and fully retrofitted including new appliances – ready for tenants Within the Intensification Zone – Future redevelopment potential Private parking downtown Milton Steps to all amenities and Milton GO Centre ice location Zero historical vacancy For more information, please contact: www.jll.ca Kevin Kelley* Vice President [email protected] + 1 905 755 4647

Transcript of 351-353 Main St E Investment Details

Page 1: 351-353 Main St E Investment Details

351-353 Main Street East, Milton, ON

• Approximately 7,500 square feet in total - 2 retail tenants and 3 residential apartments

• 2 residential apartments vacant and fully retrofitted including new appliances – ready for tenants

• Within the Intensification Zone – Future redevelopment potential

• Private parking downtown Milton

• Steps to all amenities and Milton GO

• Centre ice location

• Zero historical vacancy

For more information, please contact:www.jll.caKevin Kelley*

Vice President

[email protected]

+ 1 905 755 4647

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TENANCY AND INCOME INFORMATION

Tenant Area Rent / Month

Dr. N Maini (Dentist) 1,500 sf $1,517 plus HST (heat hydro gas included)

Spaws Animal Grooming & Training 1,500 sf $1,047.62 plus HST (heat hydro gas included)

Residential Apartment 1 (Vacant) * 1,500 sf $1,500 (tenant pays all utilities)*

Residential Apartment 2 (Vacant) * 1,500 sf $1,500(tenant pays all utilities)*

Residential Apartment 3 (Occupied) 1,500 sf $1,500 (tenant pays all utilities) *

Totals

* $1,500 per month rental estimate for 2 bd

rm + 2 bth rm with parking in downtown

Milton; zero historical vacancy

7,500 sf $7,064.62

Projected Income Fully Leased * $84,775.44

APPROXIMATE ANNUAL COSTS (2015)

Expense Type Annual Amount

Hydro / Water $7,007.80

Property Taxes $13,595.36

Gas $686.85

Garbage / Landscape $2,449.51

Snow Plowing $947.50

Approximate Annual Costs $24,687.02

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SURVEY & LEGAL DISCRITPION

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PROPERTY ZONING

CENTRAL BUSINESS DISTRICT - B

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351-353 Main Street East, Milton, ONwww.jll.ca

Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the

accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the

recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All

rights reserved.

For more information, please contact:Kevin Kelley*Vice President

[email protected]

+ 1 905 755 4647

LOCATION MAP

THE FUTURE OF DOWNTOWN MILTON

PRICE - $1,300,000