10 - 361 King Street E Clarington (Newcastle), Ontario L1B 1B4
$119,900
Convenience Store located in a busy commercial plaza with Tim Hortons as one of the main tenants. The business has been in the family for over 10 years. It was previously ran by the current owners father. The vendor is prepared to spent a time training the new owner. The vendor will allow any prospective purchaser spend a few days working in the business to assess the daily traffic and business being done. It is unit 10 in the plaza and is 1100 square feet. The Net Rent is $23.00 per square foot = $2384.00 the current TMI is $17.5 per square foot =$1604.23. Net plus TMI = $3988.23 plus HST $518.47 = $4506.70 total rent per month. The current leas expires April 30th 2025. The landlord is open to negotiate a 5 year lease for the new buyer. Gross average sales of Cigarettes is $50K per month and for all other items the average monthly Gross is $25K. Current hours are 9am to 9pm Sunday to Thursday and 9am to 10 pm Friday and Saturday. Hours could be increased to 24 hours. Enbridge Gas is $8500 to $9500 per year. **** EXTRAS **** ATM is owned all display cases owned by the suppliers and are on loan to sell the product ( Coke, Pepsi, Red Bull, Ice Cooler (id:58043)
Business
| BusinessType | Retail and Wholesale |
| BusinessSubType | Convenience store |
| Name | One Stop Convenience Newcastle |
Property Details
| MLS® Number | E9294447 |
| Property Type | Business |
| Community Name | Newcastle |
| AmenitiesNearBy | Highway |
Building
| BathroomTotal | 1 |
| Appliances | Freezer |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 1100 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway |
| SizeDepth | 44 Ft |
| SizeFrontage | 25 Ft |
| SizeIrregular | Unit=25 X 44 Ft |
| SizeTotalText | Unit=25 X 44 Ft |
| ZoningDescription | C4-21 |
https://www.realtor.ca/real-estate/27352471/10-361-king-street-e-clarington-newcastle-newcastle
Interested?
Contact us for more information
John George Donald Hill
Broker
1413 King St E #2
Courtice, Ontario L1E 2J6
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 19 2024 12:29:37
Durham Region Association of REALTORS®
RE/MAX Impact Realty