Commercial building/Office
20, Rue Mill, Howick J0S 1G0
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Description
Investment opportunity! Commercial building for sale located in Howick, Quebec. Completely renovated in 2004, other improvements have been done over the years to keep the building updated and well maintained. A long-term tenant already in place, operating as a veterinary clinic this reputable company will provide a stable rental income for the new owner.
Addendum
Lease: A period of five (5) years, commencing on December 1, 2019 and terminating on November 30, 2024. The Tenant shall have two (2) options to extend the Lease for two (2) successive terms of five (5) years each. The minimum rent for the Initial Term shall be sixty-four thousand dollars ($64,000.00) per annum, payable in equal, consecutive, monthly instalments of five thousand three hundred thirty-three dollars and thirty-three cents ($5,333.33).
Calculations of rental increase (Calculated according to the Consumer Price Index (CPI)) : Original rent December 2019 = $64000.00 Dec. 2020 = $64640.00 Dec. 2021 = $67872.00 Dec. 2022 = $72419.42 Dec. 2023 = $75461.04 Dec. 2024 = To be determined
Main floor: Reception, waiting area, offices (2), examination rooms (3), laboratory, operating room, pre-operating room, dental surgery room, isolation room, radiology room, pharmacy room, archives room, laundry room, bathroom, powder room (2), kennels (3), work-out room, locker rooms (2), insulated kennel.
Basement: Employee room, storage, open.
The veterinary clinic occupies most of the building while a back part is used as a karate club (work-out room, locker rooms (2), office (1), and powder room (1). There is currently no lease signed for this space.
Sale without legal warranty of quality, at the buyer's risk
Description sheet
Inclusions
Exclusions
Features
Assessment, Taxes and Expenses
Photos - No. Centris® #13977626
20, Rue Mill, Howick J0S 1G0
Exterior 
Reception Area 
Reception Area 
Other 
Other 
Other 
Bathroom Photos - No. Centris® #13977626
20, Rue Mill, Howick J0S 1G0
Other 
Other 
Other 
Other 
Other 
Bathroom 
Laundry room 
Other Photos - No. Centris® #13977626
20, Rue Mill, Howick J0S 1G0
Other 
Other 
Other 
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Other 
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Other 
Other Photos - No. Centris® #13977626
20, Rue Mill, Howick J0S 1G0
Other 
Exercise room 
Exercise room 
Exercise room 
Other 
Other 
Office Photos - No. Centris® #13977626
20, Rue Mill, Howick J0S 1G0
Other 
Basement 
Basement 
Basement 
Parking 
Exterior 
Aerial photo