11 Union Street presents a unique opportunity for a keen property investor with appetite for partial redevelopment. Located on 0.19 acres, the building comprises of 9 income generating apartments along with a 1500SF commercial space on the ground floor. The commercial space is vacant for the new owner to occupy the space or lease out to either a commercial tenant or convert to a residential unit. This property location provides high visibility, and the predominantly residential area and surrounding community offers plenty of foot-traffic. There are 6 potential additional units on the southern end of the building a new owner may choose to restore, convert to additional parking or another commercial space.
The property topography provides elevated inland views and enhanced privacy given the large parking and yard area with generous setback from the neighboring commercial properties. Jubilee Park lies adjacent to the building, providing a quiet green space for tenants to enjoy.
Monthly repayment is an estimate for guidance only. Calculation is based on an interest rate of 7.00%, 30% deposit over a 25 year period.