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4635 Donnelly Drive, Manotick - Kars - Rideau Twp and Area, ON K0G 1N0
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4635 Donnelly Drive, Manotick - Kars - Rideau Twp and Area, ON K0G 1N0
Manotick - Kars - Rideau Twp and Area , K0G 1N0
$989,000.00
83.07 Acres Commercial
Property Details
MLS Number X12856722
Property Type Commercial
City Manotick - Kars - Rideau Twp and Area
City Region 8008 - Rideau Twp S of Reg Rd 6 W of Mccordick Rd.
Postal Code K0G 1N0
Cross Street Donnelly and Gilroy
Street Number 4635
Street Name Donnelly
Lot Width 149.65 ft
Lot Depth 4210.67 ft
Building Area 83.07 Acres
Annual Tax $28,974.02
Sewer None
Utilities Yes
Occupant Type Tenant
Description
Hands off investment opportunity here, with a proven track record of more than a decade. Become the owner of company that owns these eighty plus acres of high and dry land right across from the mighty Rideau River and receive more than $65,000 in rental income for the next dozen years at least. This is an opportunity for the right investor to set up themselves or their family for decades to come. While the solar farm tenants cover all the taxes and insurance you can investigate future development plans on the land or design your own beautiful estate for when the lease is up. You'll be receiving better than a 5% on your money with the option to increase the rent in the final five years of the contract and a potential for an additional five year term at the lessee's option. Traditional financing is not an option for this property and the vendor is not interested in a VTB, so have cash in account or your ducks in a row. Do not visit the property as it is a secure site.
Selvan Puvaneswaranathan
Selvan Puvaneswaranathan
Broker — REMAX Crossroads
312-305 Milner Ave, Toronto ON

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