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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,275,000
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
Located just off the Herring Cove Road in Spryfield this building has excellent visual exposure to the heavily travelled main artery through Spryfield. completed in the fall of 2016 it was built using a silent truss system and a center steel beam system supporting both floors leaving no load bearing walls on any of the levels. This was done to allow ease of reconfiguration as the need arises. Paved parking for the store accommodates 7 vehicles and the paved driveway for the apartment accommodates 2 vehicles. The building is wood frame construction with asphalt shingles, vinyl siding and imitation stone trim. The apartment is 1,750 sqft on the top floor of the building and has its own private entrance. The apartment has its own power meter 2 good sized bedrooms, 1.5 bathrooms, a storage room and a laundry room. There will be no viewing of the apartment until an APS is in place. The main floor of the building consists of 1,750 sqft of commercial space with 10' ceilings, an 18,000 BTU heat pump and baseboard electric heat. The unit has a wheelchair accessible washroom as well as ground level loading doors on the right side of the building as seen from the front. Currently there are no leases on the mai floor. It was leased to Water 'N' Wine from October 2016 until January 2024. The full basement is not currently leased. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
2 Mont Street
Postal Code
B3P1N4
Location Highlights
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Listed by
Exit Realty Metro Nova Scotia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
0
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
$1,275,000
Asking Price
$1,275,000
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)
0
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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