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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$9,000,000
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
Prime Rental Development with Mountain Views! A prime 13,368 SF lot in Kerrisdale offering a unique development opportunity under Secured Rental Policy (SRP) RR-2B zoning. This self-contained lot allows for a 6-storey building with a 2.4 FSR, translating to 32,083 SF of buildable area. Current plans for 36 rental units with flexibility for expansion via a 4-lot assembly to 38,471 SF, yielding 92,330 buildable SF. This property offers a unique parking advantage with potential for above-grade parking built into the slope, eliminating the need for underground excavation saving construction costs. A strategic opportunity in a coveted location. (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
2111 W 34th Avenue
Postal Code
V6M1G3
Location Highlights
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Listed by
eXp Realty 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
5,993
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
$9,000,000
Asking Price
$9,000,000
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)
5,993
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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