Business For Sale · Office

300 6300 Lady Hammond Road, Halifax Peninsula

300 6300 Lady Hammond Road, Halifax Peninsula, NS B3K2R6

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

89%

Year Built

1974

Lot Size

0.8073 ac

About this property

Opportunity at 6300 Lady Hammond Road! This 1,697 sf unit (former Capital Sports Bar) is ready for its next chapter. As the landlord is not considering bar or lounge uses for this space, they are open to completing demolition for a qualified tenant, giving you a blank slate to build out around your business. Set on a busy North End corridor with quick connections to the MacKay Bridge, the Bedford Highway & the Windsor Street Exchange. Customers, staff and deliveries can reach you easily from across HRM, and transit runs along Lady Hammond Road. FEATURES - 1,697 sf - Parking spaces directly in front of the unit - Rear entrance with ramp - Tenant pays own power directly to Nova Scotia Power ZONING CLI (Commercial Light Industrial) zoning allows a broad mix of commercial and light industrial uses, which may include: - Office - Retail and showroom - Personal services and studios - Fitness and recreation - Workshop and light industrial Tenants should confirm their intended use with HRM. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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.

Area demographics

Trade area within 3 miles of the property.

Population

146,440

Households

59,541

Median income

$63,500

Median age

40.1

Daytime population

149,649

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 300 6300 Lady Hammond Road, Halifax Peninsula.

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.