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Sale

400-408 TALBOT Street
St. Thomas, Ontario, N5P 1B8

$869,000
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street
400-408 TALBOT Street


Property Specification


Large quality commercial building. Totally renovated to meet federal government standards. Elevator. Security systems can be assumed. Wired for computers & LAN room climate controlled. Solar panels on roof generate about $6,000/year. Buyer will need to obtain approval to assume contract. Tenant,Employment Services Elgin occupies 4471 sq ft of first & second floor of 400 Talbot as of April 1, 2020 for 3 years (plus 3 board rooms in basement). Tenant,Family Service Thames Valley,occupies small office of second floor at 406-408 Talbot.The owner,Community Living Elgin, occupies 406-408 Talbot (& board room/shared baths in 400 Talbot). Yearly gross rents about $148,000 (solar not included). The Owner is non-profit organization,exempt from paying realty taxes. 2019 assessment of 400 Talbot is $397,500; 406-408 Talbot is $331,750 x 2019 commercial mill rates,taxes for 2019 would be $28,191.56.Seller wishes to vacate their space on closing but might consider staying on for a short term lease.


MLS Number229821
Property TypeCommercial Sale
Building Area4200.00 Square Feet
CoolingCentral Air
HeatingGas,Gas Forced Air Open
FlooringCarpet ,Ceramic,Linoleum/Vinyl
LotSizeAcres0.1900
LotSizeArea0.1900
Parking Spaces13
SewageSanitary

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Disclaimer


These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Listing courtesy of: ROYAL LEPAGE TRILAND REALTY