7950 PORTAGE Road Niagara Falls, Ontario L2G5Y8
SALE/LEASEBACK INVESTMENT OPPORTUNITY Attention investors, this property is now only available as a passive investment transaction as the owner has just signed a 5 yr. accommodation contract with a major Chinese entertainment company. The seller will pay the buyer $180,000 per annum for 5years; continue to manage the property; & pay all operating expenses except real estate taxes & insurance. (approx. $32000 in 2016). This is a 2 storey 20 unit motel with a 2 bedroom managers apartment, a 1250 sq ft licensed restaurant & outdoor patio, a large inground pool with adjoining grass recreation area; plus additional land for either motel expansion or a separate freestanding building. Over the last 4 years the owner has re-shingled the motel roof, updated most of the bathrooms, replaced all the motel room furniture, and installed new HVAC units, televisions & refrigerators in all rooms. Located within walking distance of Marineland; it is also on the city bus route to the falls & all attractions.
|Cooling Type||Air Conditioned|
|Heating Type||Forced air|