Two Adjoining Units (135 & 136) Within The New China City Plaza - A Mixed-Use Retail Plaza In The Eatery District Of Scarborough. This Plaza Features Over 40 Individual Retail Units & 600 Parking Spaces. Retails include A Mega Sized Grocery Store & the famous Chatime. Subject Units Currently Leased To A hot pot Tenant With A 10-Year Lease ending July 31, 2031, plus 5 year option to renew. The restaurant occupies 5 adjoining units including #135 & 136. Rental information available upon request. Condo maintenance fee, property taxes & unit size indicated are for both units. Tenant Responsible For Condo Maintenance Fee, property taxes & Utilities. Great Investment Property with steady return. Rental escalation every 2 years. Listing price is based upon a 4.79% cap rate at current rent.**** EXTRAS **** Property under Power of Sale. No warranty whatsoever and to be sold in ""as is, where is "" condition. Buyer must assume existing tenancy. Unit 135 PIN #768680031, Unit 136 PIN #768680032. (id:51532)
