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434-436 Clarence St
London, ON N6A 3M8
Office Property For Sale
Executive Summary
Very Attractive Mixed use property on Clarence street between Dundas and Queen st. The property consists of two main floor retail/restaurants, one 2nd floor apartment and one 2nd floor retail/office. Total gross floor area of approximately 4,939 sq ft on 5,403 sq ft of land. Nooners restaurant - approx 2,710 sq ft pays $2,500 per month plus utilities. WOW Shwarma - approx 1,190 sq ft paying $1,780 per month plus utilities. 2nd level Berkana Salon approx 387 sq ft paying $800 per month plus hydro. 2nd level apartment approx 571 sq ft paying $1,000 plus hydro. All Tenants paying well below market value. Projected Gross income approx $115,000.00 annually. Currently all Tenants are on a month to month basis. Lots of upside to this property. Please call listing agent for further details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
4,939 SF
Building Class
C
Year Built
1960
Price
£608,999
Price Per SF
£123
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,470 SF
Building FAR
1.49
Lot Size
0.08 AC
1 of 2
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