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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,088,000
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
This is an exceptional opportunity for those aiming to broaden their real estate portfolio or desiring a combined living and working space. Located in the Town of Riverview, this property stands out with its modern design and thoughtful amenities. Each apartment is a showcase of contemporary elegance, with a blend of modern colors and finishes that create a welcoming atmosphere. The layout is meticulously planned, featuring three cozy bedrooms, a luminous living area, and a modern kitchen equipped with the latest appliances. The design prioritizes comfort and style, offering a luxurious living experience to its residents. The property also includes a versatile commercial space suited for various business needs. All units benefit from individual mini-split and HVAC systems, ensuring optimal climate control and comfort throughout the year. Expansive windows in each unit offer stunning views of the surrounding waters, adding a serene backdrop to every day. Practicality is integrated into the property's design, with four attached garages providing secure parking for each apartment, alongside four additional outdoor parking spots for guests or office clients. Contact your REALTOR® for a private view. (id:39198)
Location
Province
New Brunswick
City
Riverview
Address
262 Hillsborough Rd
Postal Code
E1B4G7
Location Highlights
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Listed by
Platinum Atlantic Realty Inc. New Brunswick 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
6,000
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
N/A
Financial Information
Yearly Rate
$1,088,000
Asking Price
$1,088,000
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)
6,000
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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