100 Kings, Sydney, NS B1S 1A1

0 Beds

n/a Baths

12,000 SqFt

Active

Welcome to 100 Kings Road, where this very appealing opportunity is sure to peak the interest of an astute investor seeking a “turn-key” investment. A thriving business for many years and currently operating as a hotel, this is an exceptional opportunity to acquire this newly renovated investment property located on a busy, highly visible main road in downtown Sydney. Perfectly located to the downtown core and only steps to the board walk with approximately an acre of non-restricted water frontage. This building also offers a multi-tenant opportunity, by converting to a self-contained unit for rental revenue. A perfect location for a marina or yacht club with modern facilities. Currently operating as a hotel with the first floor consisting of 22 rooms featuring a combination of 1- and 2-bedroom rooms and walkouts overlooking the water. The main floor consists of 2-bedroom rooms, and the third floor (2nd level) consists of 22 rooms including a Penthouse Suite with a panoramic view. Each room has its own mini-split heat pump, with the option of air conditioning for the summer months. There is a large kitchen, banquet room and area, bar, lobby with lobby bar area and dining area. Currently has VLT machines with revenue located in a separate, private area. Recent renovations include: - Roof (pitched and flat) (2017) replaced - Siding, w/2" foam insulation behind siding (2015) - Heat pump in every room (2015) - Heat pump in restaurant (2018) - Hardwood/Ceramic in every room (no carpet) (2016-2018) - All-new bathroom in every room (2016-2018) - Buderus Boiler/Hot water system (2016) - Buderus - - Second floor all new furniture (2018) - Back parking all new asphalt (2017) - Deck added to restaurant (2018) (water view) - All new sprinkler heads (2015) - All equipment/fixtures included Act now. This is a unique opportunity.

Property Details
Price $4,200,000
Lot Size 4 acres
Acres 4
Property Type Commercial
Sub Type Commercial Retail
Year Built 1918
Subdivision N/A
Roof Asphalt Shingle
Waterfront Harbour
Heating Furnace,Heat Pump -Ducted
Parking Description Yes
Geographic Data
County Cape Breton
Latitude 46.130943
Longitude -60.195254388886
Market Area Cape Breton
Address Information
Address 100 Kings
Postal Code B1S 1A1
City Sydney
State NS
Country Canada
Listing Information
Listing Office Keller Williams Select Realty(Sydney,Townsend St.)
Listing Agent Cheryl Vickers
MLS Information
MLS Status Active
MLS Area Cape Breton
MLS # 201828719

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This information is believed to be accurate, but without any warranty.