Commercial building/Office for sale, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce) |
$1,850,000 +GST/QST

With 20 units currently leased, this asset presents

significant upside and excellent potential to increase

revenues through improved occupancy and strategic

repositioning. The total revenue is currently $514,450.87.

The emphyteutic lease expires on April 30, 2035, providing

investors with clarity and a stable planning horizon.

An emphyteutic lease is a long-term real estate lease in

which the lessee (tenant/buyer) holds full rights to use,

improve, and benefit from the property for the duration of

the lease. The buyer acquires the leasehold rights, not the

land itself. The lease has a fixed term and expires on the

date indicated in the listing. The emphyteutic tenant may

operate, renovate, and generate income from the property

during the term. At the end of the lease, the property and

any improvements revert to the landowner.

**The following statements must be duly included in all

promises to purchase**

This sale pertains to an emphyteutic lease and not to the

building itself. This lease will expire on April 30, 2035.

Te

Emphyteutic Lease Rights:

The BUYER acknowledges having been informed of the

existence of the emphyteutic lease, its term, its

expiration date, and its conditions, and agrees to comply

with its terms and obligations until its expiration.

It is agreed between the parties that this sale concerns

only the emphyteutic lease rights attached to the property

described herein, and not the ownership of the land or the

building on which it is erected.

The BUYER also acknowledges having been fully informed of

the legal nature of these rights and the obligations

associated with them, in accordance with the provisions of

the Emphyteutic Lease Act and current practices, and agrees

to comply with its terms and obligations until its

expiration.