Property Size: 31,209 sqft
Type: Land Commercial
RARE OPPORTUNITY! Premium investment/development site with substantial holding income in the famous hotel/restaurant street in Richmond. Located at south of Alexandra Road right next to Sheraton Four Pointe Hotel. 31,209 sq ft lot (103'X303') with a freestanding building. Leasing space is approx. 5,262 sq ft + 1,056 sq ft Mezz Office and 53+ parkings. Net rental income is 220,000.00+ per annum. Present tenant running Chinese hotpot restaurant with lease expiring April, 2021, possible to renew for another 5 years term with rent increase. Commercial zoning allows all kinds of restaurants, retail or service. CALL LISTING AGENTS FOR MORE DETAILS. DO NOT DISTURB TENANT!
Listed by LeHomes Realty First.