571 - 575 Richmond Street, London
$3,850,000
Prime Real Estate is pleased to present 571-575 Richmond Street, an incredible mixed-use investment
opportunity in downtown London, ON. The property consists of six (6) commercial units and eight (8)
one-bedroom apartments. The property is fully leased with a great commercial tenant mix including
Marble Slab, Wok Box, Neads/Wants, and more! The property is ideally located in the heart of Richmond
Row, offering strong walking traffic and making it an attractive location for prominent national and
local businesses to call home. The residential apartments have an urban loft aesthetic and attract a
premium tenant profile. The property currently generates a Net Operating Income of $230,544 which will continue
to increase according to built-in escalations of the commercial leases. This opportunity appeals to a
prudent investor looking to acquire a stable, well-maintained, high-profile investment with the
opportunity to capitalize on raising rents both residentially and commercially as units turnover.
Detailed financials and leases are available upon signing a confidentiality agreement.
Electricity Connected, Fibre Optics, Natural Gas Connected, Street Lights
Irregular Lot, Business Centre, City Lot, High Traffic Area, Hospital, Major Anchor, Public Transit, Schools, Visual Exposure, Other
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