Property Highlights:
Newly constructed prime commercial retail space featuring excellent frontage. Pat Bayly Square is set to become the largest urban, mixed-use development in the Durham region. With more than 300 rental units situated above the retail space and a total of five buildings planned for the property, this presents a compelling opportunity.
This retail unit is unique inoffering both exterior access and access from the inside lobby. The unit's orientation towards Bayly Street ensures prime exposure on the main street.
Terms:
•Timing: Immediate
•Size approx.: 1511 sf
•Term: 5+5 yr renewal
•Monthly approx. rent: $5,500
Rent estimate includes TMI – Subject to Utilities and TAX
Investment Estimate:
•Construction: $200,000 - $275,000
•Inventory: $15,000 - $30,000
Construction, equipment& inventory cost varies by concept, space, & condition
