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29375 Hwy 28 N/A S Faraday, ON K0L 1C0
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Pending
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,399,000
Subdivision Faraday
MLS Listing ID X12247700
Annual Tax Amount $10,619
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
"Storage in Bancroft" This well established Self Storage Rental Business has been successfully serving the Town of Bancroft and surrounding area for almost 20 years. Ideally situated on Highway 28 South for great visibility and access just 5 minutes south of Bancroft. There are a total of 100 units in 2 buildings with very few vacancies. This business virtually runs itself. All bookings and payments are conveniently made on line. Projected gross revenue for 2025 is about $136,500.00 plus HST. The NOI ( Net Operating Income) should be about $89,000.00. There is a small office, an electrical room, and a huge 32' x 35' double garage currently used by the owners. The garage could be converted to 4 additional rental units or rented out as-is. The site is 1.143 acres and has just been fenced in. A Phase 1 Environmental Study has just been completed.
Location
Province ON
County Hastings
Community Faraday
Area Hastings
Interior
Cooling No
Exterior
Community Features Major Highway
Utilities Available Yes
Lot Frontage 118.24
Lot Depth 402.64
Others
Security Features No
ParcelsYN No
Listed by RE/MAX COUNTRY CLASSICS LTD.