29375 Hwy 28 N/A S Pending Save Request In-Person Tour Request Virtual Tour
Faraday,ON K0L 1C0
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Pending
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,499,000
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 & 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.
Location
Province ON
County Hastings
Community Faraday
Area Hastings
Interior
Cooling No
Exterior
Community Features Major Highway
Utilities Available Yes