151-153 James Street S

This landmark building is one of the few remaining large mixed use assets in this neighborhood, and offers a very attractive return on equity. The ground floor restaurant space is leased to a strong covenant and highly experienced operator. Radius Restaurant and Lounge is a premier brand has been a fixture in downtown Hamilton for over 6 years. The business performs well, and the triple net lease is personally guaranteed.The upper floor of this building can be rented out as office space, or owner occupied by your business. Located right in the heart of the James south district, surrounded by restaurants, professional offices, and situated right between the central business district and the St. Josephs Healthcare Charlton Campus.This property has been meticulously maintained. This offers flexibility to the buyer, with future intensification of the existing building possible, including the addition of an elevator and conversion to event space or conference center. The property is also suited and the zoning is approved for high-density residential.The upside on this investment is twofold, capitalize now by taking advantage of the strong return on investment, while waiting for the appreciation in land values.