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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$629,900
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
It's not very often that one comes across an opportunity that allows them the ability to invest in a highly sought after area like Old East Village. The opportunity to own 4 side by side duplexed units that are in excellent condition on deep lots, the City of London would likely look favourably upon a request to add additional new units to the rear of these homes due to the excess land available at the rear of the individual properties. Although the owners will consider selling them off individually, the preferred option is to sell them as a group. 626 Princess Ave., consists of a main level 2 bedroom unit with 4-pc bath. The upper unit consists of a spacious 1 bedroom unit with 4 pc bath. All rooms in both units are spacious with lots of natural light. This property has had various renovations over the years and is in very good condition. (id:39198)
Location
Province
Ontario
City
London
Address
626 Princess Avenue
Postal Code
N5W3M1
Location Highlights
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Listed by
ROYAL LEPAGE TRILAND REALTY 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
1,500
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
$629,900
Asking Price
$629,900
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)
1,500
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
N/A
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