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

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

397 Thompson Rd

London, Ontario
$1,788,000
For Sale
MLS© ID: X4329339

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Excellent Commercial Property With 2 Owner Running Great Businesses; Unattended Coin Laundry And Convenience Store In A Good Business Area Of London. The Store Annual Sales Is $884, 000, Low Cigarette Portion Of 45% With 13% Margin. Good Lotto Commission $66, 000 Yearly And Atm $14, 400. The Unattended Coin Laundry Generates About $100K Income With An Excellent Potential Of Wash & Fold And Depot Operation. A Potential Of Making One More Unit.

Extras: Enough Parking Space On The Ground. The Property Has Been Well Maintained And Under A Good Condition. All In All, The Property Generates About $320K Net Income Under The Owner's Operation. The Asking Price Is 18% Cap!!

Property Features

  • Directions/Cross Streets: Thompson & King Edward
  • Lot Size Code: Feet
  • Taxes: 11800.00
  • Tax Year: 2018
  • Property #: X4329339
  • Sale/Lease: Sale
  • Country: Canada
  • Province: Ontario
  • Municipality: London
  • Business Type: Retail Store Related
  • Garage Type: Plaza
  • Legal Description: Pt Lts 247 & 248 Plan 836 As In 856989
  • Lot Depth: 238.00
  • Lot Front: 230.00
  • Type: Commercial/Retail
  • Category: Retail
  • Freestanding: Y
  • Lot/Bldg/Unit Code: Lot
  • Retail Area: 3550
  • Retail Area Code: Sq Ft
  • Sprinklers: N
  • Total Area: 54740.00
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: Y
  • Air Conditioning: Y
  • Heat Type: Gas Forced Air Open
  • Water: Municipal
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