2 - 27 WHITFIELD AVENUE, Hamilton (Industrial Sector)

$149,000

For sale: Other

Property type

Sale Of Business

Bedrooms / bathrooms

2 bathrooms

MLS®

MLS® X13657922

Neighbourhood

Industrial Sector

Rare opportunity to own a well-established automotive business with a strong reputation in the Hamilton location. The buyer will have the chance to take over all existing clients and all shop equipment. Zoning: M5 Zone permits Motor Vehicle Repair (current use), Motor Vehicle Body Repair & Painting, auto parts retail, Dealer, Savage yard. The premises consist of approximately 2,464 sq ft shop, and a large additional lot is fully set up for general automotive repair and maintenance, allowing for a smooth transition for the next operator. Turnkey operation with existing lease in place. Current lease term runs until January 31, 2030, plus three years, providing long-term stability. Competitive rent structure with scheduled increases over the term. Tenant is responsible for utilities including hydro and gas, along with a proportionate share of additional operating costs; utilities 50% of the total. Rent including TMI and HST: $ 7900. The property also features a large additional lot with parking for approximately 95 Vehicles, including the rent.