WAYNE W. KINNA

SRES® | REALTOR®

Direct: (604) 290-2621 |

New property listed in Ironwood, Richmond

I have listed a new property at 1-5 9371 NO 5 RD in RICHMOND.
5 unit retail block with long term tenants: Doctor's office, Kong's Kitchen Chinese Take-Out, Salon Diva Hair Salon (2 units) & 99 Mart Convenience Store (also for sale), all neighboring a Liquor Store and the well known Kingswood Pub. Situated in a large townhouse area with hundreds of new units coming on the market just up the street. This is a solid investment showing an over 6% cap rate! Doctor pays $20. Square foot on 1 year renewable; all others are $18. Square foot with 5 year renewable. Note this is one, ground floor 4993 square foot Strata Lot rented as 5 units (not subdivide-able) & hairdresser has 2 units. The Strata Corporation's Manager manages the property other than tenant issues. The property is well maintained in an area of well maintained strata & detached family homes. The elementary School is 1/4 block away and that and the liquor store and Pub coupled with it being on No 5 Road, make this an excellent high traffic area for your investment dollars!
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