250-986-5911
4
$3,600,000 Sale
Listed 45 days ago
585 England Ave
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· 5885
Key Facts
Key facts for 585 England Ave
Property Type
Commercial
Parking
On Site
MLS #
1050139
Size
5885 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$44,011.73 /yr
Days on Market
-
Year Built
1956
Maintenance Fee
-
Description
NET/NET/NET AAA BMO BANK TENANTED INVESTMENT OPPORTUNITY. The property consists of a well-maintained 5,885-square-foot single-storey commercial building situated on an approximately 8,277-square-foot (0.19-acre) corner site. Originally constructed in 1956 and extensively renovated in 1993 and 2005, ...the building has been purpose-built and occupied as a financial institution. Its strategic corner position provides approximately 172 feet of combined frontage, including approximately 52 feet along England Avenue and 120 feet along 6th Street, creating exceptional exposure to both vehicular and pedestrian traffic. The property is further enhanced by adjacent accessibility from surrounding commercial districts. The building is fully occupied by Bank of Montreal (BMO) under a carefree, fully net lease structure, providing ownership with minimal management responsibilities and predictable income
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Listing courtesy of: Royal LePage Sussex

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