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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,900,000
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
ATTENTION INVESTORS/LANDLORDS/BUSINESS OWNERS! CORNER LOT(S) WITH ALMOST 200' FRONTAGE ON RICHMOND STREET! ENTIRE PROPERTY CONSIST OF A LARGE PLAZA WITH APPROX 8 APTS, SOME COMMERICIAL SPACE AND OWNERS QUARTERS. EXTREMELY LARGE OWNERS QUARTERS COMPRISING OF 3 BR, 4 BATHS, 2 KITCHENS, FORMAL DINING, OFFICE, INDOOR POOL, HOT TUB, SAUNA AND MUCH MORE. BALANCE ARE 5 SINGLE FAMILY DWELLINGS. RARE OPPORTUNITY TO AQUIRE 6 COMMERICIAL PROPERTIES, MAJORITY BEING CURRENTLY RENTED OUT AS RESIDENTIAL WITH SOME COMMERICIAL SPACE AVAILABLE. PROPERTY COMPRISING OF APPOX. .63 ACRES IN TOTAL. THIS PROPERTY IS CLOSE TO THE DOWNTOWN AREA ON ONE OF CHATHAM'S MAJOR STREETS OFFERING GREAT PUBLIC EXPOSURE TO ANY BUSINESS OR OFFICE. THIS IS A ONE OF A KIND PARCEL BEING OFFERED TODAY. CONTACT LISTING AGENT FOR FURTHER DETAILS. (id:39198)
Location
Province
Ontario
City
Chatham
Address
40 Richmond Street
Postal Code
N7M1N6
Location Highlights
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Listed by
THAMES REALTY LTD. Ontario 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
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
$6,900,000
Asking Price
$6,900,000
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
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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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Why this Marketplace was Created
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