commercial property for sale in Downtown New Glasgow
January 20, 2021
Located in the heart of downtown New Glasgow, this beautifully maintained building features a main floor office/retail area that has been occupied by the Bank of Montreal since 2001. The main floor area features a large customer reception area, open work space, five private offices, kitchen/staff room and washroom. Property includes the adjacent vacant land for staff or customer parking.
Asking Price $ 1,200,000
Gross Area 4,000 sqft. +/-
Land Area 4,740 sqft. + 1,540 sqft.
Assessed Value$ 352,800
Lease $ 23.00 sqft., Triple Net. Expiry July 2021 (2 x 5 yr options remain)
Net Income $ 92,000 (2019)