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125 PRINCE WILLIAM

125 Prince William Street, Saint John, New Brunswick

COVID travel restrictions prevent out-of-province owners from realizing their plans to convert top floor to residential.
Creates opportunity for local investor ready to take on a project!

PRICE: $1,200,000

Known as the “BANK OF NEW BRUNSWICK” building. Commercial tenants with leases in place for 3 commercial floors. Tenants are Woodchucks Axe Throwing and Loyalist City Brewing. The top floor is ripe for redevelopment in to apartments/condos. Some with harbour views. Revenue and expenses along with financial projections available to qualified buyers.

Sprinklered throughout, roof (Nov 2011), upgraded 400 amp 120 volt electrical entrance installed with updated wiring in 2007. Building has been converted to natural gas.

Well located in the commercial district. This section of Prince William Street underwent (2014) a complete restoration including street resurfacing, granite curbing, landscaping and decorative lighting. Close to shopping, hotels and cruise ship terminals. View of harbour from rear of building.

Gross building area is approx 17,467 square feet. It is located within the boundaries of the Trinity Royal Heritage Conservation Area of the City of Saint John and is a designated heritage building.

Monthly utility expenses approximately $2400/month. (natural gas, water and power).

Rent roll is Gross – $8.880.00 monthly / $106,560.00 annually

Potential to build residential 6 units on top floor

Property Taxes: $48,517.75 per year (2021)

VIEW/DOWNLOAD/PRINT ADDITIONAL DOCUMENTS

EXISTING FLOORPLANS NOTE: changes have been made to main entrance lobby of Prince William as well as mezzanine.

PROPOSED 5th FLOOR RESIDENTIAL DESIGN


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