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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,999,980
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
30,000 sq.ft. land assembly in Esquimalt core area designated ''High Density Residential'' in the 2018 Official Community Plan. The site comprises three legal lots with access from Admirals Road, Astle Street and Constance Avenue. The site is located at the doorstep of CFB Esquimalt (Naden) and a short walk to Esquimalt Town Centre. The site will offer ocean and mountain views from upper stories. Excellent access to arterial roads, transit and cycling infrastructure. 664 Admirals Road was recently rezoned by another property owner to permit a 12-story residential building. These three properties are being sold together for the published listing price: 656 Admirals Road - tenanted 13-suite residential apartment building (LOT 146 SUBURBAN LOT 43 ESQUIMALT DISTRICT PLAN 2854); 1300 Astle Street - tenanted 5-suite residential building, non-conforming use (LOT 147 SUBURBAN LOTS 43 & 44 ESQUIMALT DISTRICT PLAN 2854); 1312 Astle Street - tenanted 2-suite residential building (LOT F [DD C22222] SUBURBAN LOT 44 ESQUIMALT DISTRICT PLAN 2854). (id:39198)
Location
Province
British Columbia
City
Esquimalt
Address
656 Admirals Rd
Postal Code
V9A4X9
Location Highlights
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Listed by
Sutton Group West Coast 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
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
$6,999,980
Asking Price
$6,999,980
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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