For Sale · Specialty

105 GEORGE Street Unit# 1 MAIN FLOOR, Hamilton

105 GEORGE Street Unit# 1 MAIN FLOOR, Hamilton, ON L8P1E3

Price on request

1,119 SF

Asset Class

Specialty

Size

1,119 SF

Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

83%

Lot Size

0 ac

About this property

AVAILABLE IMMEDIATELY! HESS VILLAGE!! Quiet 4-Plex with PREMIUM OFFICE SPACE with parking, located on MAIN FLOOR with large Board room/office w/fireplace, reception area or 3 private offices possibility for 4th in back room area, bathroom, kitchenette with fridge, & dinnette area which could become 4th office if necessary with wall dividers. D2 zoning for a variety of uses available. First property on south side of George St., coming from Hess St. S. Surrounded by high rise buildings, restaurants & pubs. Minutes from downtown or West Hamilton, SEMI GROSS LEASE includes taxes, maintenace & insurance. Tenant pays hydro (seperately metered) & proportionate share (1/4) of water/sewar charges only. 100% usable space, total of 1119 sq.ft. Parking for 1 vehicle included, additional vehicles are extra charge and located at rear of building. Upgrades: New ceiling fire rated drywall and paint throughout, new light fixtures, new durable high quality vinyl floor and porcelaine tile. Located just steps from Hess Village and surrounded by high rise buildings, a 2 minute walk to City Hall and John Sopinka Court House (excellent loaction for LAWYERS OFFICE), the downtown core and major highways. This office offers both a prime location and convenient access to the city's vibrant amenities and key commuter routes. Unit located smack dab in the heart of Hamilton and walking distance to all amenities such as McMaster University, McMaster Hospital, St. Joes, Christ the King Church (Basilica), The Village, James St. N, Trendy Locke St., Pier 4 and the Waterfront. Bus Stop and future LRT route just outside your front door. Potential for many office type applications such as: Lawyers/Medical related; Psychologist/Psychiatrist/Counselling/Drop-in/Resource Center services etc... Possible Retail Conversion as permit is pending with City of Hamilton. Rent would reflect Retail zoning designation if completed. Listing Broker is RECO Registrant. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics400 SF2034-04
Vector Robotics550 SF2034-04

Area demographics

Trade area within 3 miles of the property.

Population

124,631

Households

52,349

Median income

$118,000

Median age

35.6

Daytime population

208,240

5-yr growth

5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 105 GEORGE Street Unit# 1 MAIN FLOOR, Hamilton.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.