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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,500,000
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
Welcome to 275 Duckworth Street! Affordable Housing Project Ready to GO! Here is a great opportunity for the right developer to open a up to 45 unit apartment building in the heart of downtown St. John's with a view of the narrows and the harbour. With a short supply of affordable housing available and with the government incentives, this could be a great fit for the right investor. Act fast as this project won't last long. All drawings complete and initial development approved with the city, only need to make small changes to original drawings to proceed with 45 unit apartment building with a fitness center area, a laundry facility and an area for a rooftop patio. The building is also ideal for a boutique hotel, office space, or retail. It has 6 floors with top two floors offering amazing views of the harbour front and downtown St. John's with a total of 23,720 sq ft. The building has been renovated in the past five years complete with new elevator, windows, electrical, plumbing, HVAC, exterior coating and roofing. Upper floors are base building ready to commence improvements with significant improvements completed on both lower levels. Come see all this building has to offer. (id:39198)
Location
Province
Newfoundland & Labrador
City
St. Johns
Address
275 Duckworth Street
Postal Code
A1C1G9
Location Highlights
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Listed by
ROYAL LEPAGE TEAM REALTY Newfoundland & Labrador 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
$3,500,000
Asking Price
$3,500,000
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
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