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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,799,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
13,506 SF lot in South Surrey / White Rock w/ a 4,748 SF side-by-side duplex w/ 2 suites. Total of 4 separate suites. Upper suites are 3 bedrooms and lower suites are 3 bedrooms, each with their own laundry. Plenty of parking. Centrally located close to shopping, recreation, restaurants, Peace Arch Hospital, schools, parks and not too far from the White Rock pier. Easy access for commuting on Hwy 99. RM-D zoning allows for building a new duplex. Check with the City of Surrey on allowance for subdividing. (id:39198)
Location
Province
British Columbia
City
Surrey
Address
156
Postal Code
V4A4V1
Location Highlights
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Listed by
Century 21 Coastal Realty Ltd. British Columbia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
4,748
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,799,000
Asking Price
$1,799,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
4,748
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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