For Lease · Specialty

223 WEST Street, Simcoe

223 WEST Street, Simcoe, ON N3Y1S9

Price on request

134 SF

Asset Class

Specialty

Size

134 SF

Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

97%

About this property

ROOM AVAILABLE IN SUCCESSFUL SALON SETTING! Exceptional opportunity to lease a fully furnished private salon suite within The Parlour Beauty and Wellness Suites, a boutique beauty and wellness collective designed for independent professionals seeking a turnkey and elevated workspace. This 134 square foot unit is thoughtfully designed with a clean and modern aesthetic and is ideally suited for hairstylists or beauty professionals looking to operate within a professional environment. The unit includes a fully furnished private salon room with an installed wash sink, salon chair, styling chair with ergonomic mat, mirror, and functional workspace. Lease is all inclusive and covers heat, hydro, water, and wireless internet, along with access to shared laundry facilities with washer and dryer, towels, personal storage options, staff kitchen, shared washroom, and a client waiting area with coffee and water bar. All common areas are cleaned daily and secure access is available twenty four hours per day, seven days per week. Additional features include optional website and social media marketing support, the ability to integrate the tenant’s own booking system, and shared exposure within a multi service beauty and wellness collective. Please note the suite will require shared use one day per week, with details to be discussed to ensure scheduling compatibility. This is an ideal opportunity for a professional seeking a high quality, all inclusive salon environment within a prime location. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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
Prairie Coffee Roasters400 SF2033-12
Prairie Coffee Roasters400 SF2033-12

Area demographics

Trade area within 3 miles of the property.

Population

48,200

Households

16,689

Median income

$132,500

Median age

36.3

Daytime population

62,058

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for 223 WEST Street, Simcoe.

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.