29375 Hwy 28 S Faraday, Ontario K0L 1C0

$1,499,000

"Bancroft Public Storage Units" 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. Visit the website at www.storageinbancoft.com. 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 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. (id:59743)

Business

Business Type	Transportation and Warehousing
Business Sub Type	Storage/Mini
Name	Bancroft Public Storage Units

Property Details

MLS® Number	X12247700
Property Type	Business
Community Name	Faraday
Amenities Near By	Highway
Features	Irregular Lot Size

Building

Size Interior

1 Acres

Land

Acreage	Yes
Land Amenities	Highway
Size Depth	402 Ft ,7 In
Size Frontage	118 Ft ,2 In
Size Irregular	1.143
Size Total	1.143 Ac
Size Total Text	1.143 Ac
Zoning Description	Commercial

https://www.realtor.ca/real-estate/28525820/29375-hwy-28-s-faraday-faraday