"Storage In Bancroft" This well established, Self Storage Rental Business has been successfully serving the Town of Bancroft & surrounding area for almost 20 years. Ideally situated on Hwy. 28 South for great visibility and access just 5 minutes south of Bancroft. There are a total of 100 Storage Units in 2 buildings with very few vacancies and a waiting list for most units. This business virtually runs Itself. All bookings & payments are conveniently made on line. Projected gross revenue for 2025 is about $137,000.00 plus HST. The NOI (Net Operating Income) is about $107,000.00. Expect a CAP Rate of over 7%. As well as the 100 Units there is a small Office & an Electrical Room, anda large Double Garage currently used by the owners. Garage measuring 32' x 35' could easily be converted to 4 additional rental units or rented out 'as-is'. Note: The site is 1.143 Acres & will be fully fenced prior to closing. (id:35544)
| BusinessType | Transportation and Warehousing |
| BusinessSubType | Storage/Mini |
| Name | Storage In Bancroft |
| MLS® Number | X12247700 |
| Property Type | Business |
| Community Name | Faraday |
| AmenitiesNearBy | Highway |
| Features | Irregular Lot Size |
| SizeInterior | 1 Ac |
| Acreage | Yes |
| LandAmenities | Highway |
| SizeDepth | 402 Ft ,7 In |
| SizeFrontage | 118 Ft ,2 In |
| SizeIrregular | 1.143 |
| SizeTotal | 1.143 Ac |
| SizeTotalText | 1.143 Ac |
| ZoningDescription | Commercial |
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