272 Queen St. E., Brampton, Ontario L6V 1B9

Phone: 905-454-1100  Toll: 1-877-306-4776

789 King Ave E

Newcastle
Clarington, Ontario
$1,250,000
For Sale
MLS© ID: E3836084
 to   

For Sale or Lease

Property Type

Rooms

Amenities


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331 Feet Directly On Highway #2! Awesome Location On The Eastern Edge Of The Town Of Newcastle. This Property Generates Excellent Revenue Putting The Value Well Into The 6% Cap Range. Motel Rooms Are Long Term Suites & Fully Tenanted. The Restaurant Space Is Successful & On A Long Term Lease.

Extras: Rare Opportunity To Own A Fully Tenanted, Mixed Use Property In Excellent Condition. Much Of The Equipment Is Recent & The Recent Steel Roofing Should Provide Many Years Of Worry Free Life.

Property Features

  • Directions/Cross Streets: King Ave (Hwy 2) & Brookside
  • Lot Size Code: Feet
  • Taxes: 9572.91
  • Tax Year: 2016
  • Property #: E3836084
  • Sale/Lease: Sale
  • Country: Canada
  • Province: Ontario
  • Municipality: Clarington
  • Business Type: Hospitality/Food Related
  • Garage Type: Outside/Surface
  • Legal Description: Pt Lt 25 Con 1 Clarke Rp102064 Part 1
  • Lot Depth: 174.50
  • Lot Front: 331.10
  • Type: Commercial/Retail
  • Category: Highway Commercial
  • Chattels: N
  • Clear Height Feet: 9.00
  • Financial Statement: N
  • Franchise: N
  • Freestanding: Y
  • Lot/Bldg/Unit Code: Lot
  • Retail Area: 5650
  • Retail Area Code: Sq Ft
  • Sprinklers: N
  • Total Area: 7650.00
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: Y
  • Air Conditioning: Y
  • Heat Type: Gas Forced Air Closd
  • Sewers: Septics
  • Water: Municipal
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