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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,499,000
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
Excellent investment/holding property right in the middle of Granville South future development, boasting a prime position within the recently implemented Marpole Community Plan. Featuring 10 units and 8 parking stalls, situated on 71st and Granville, this 4940 sqft lot offers a fully tenanted, revenue-generating property, with long-term and established tenants. This property holds immense potential for redevelopment and increased density based on the RM-3A zoning (please refer to MCP). The property has undergone recent roof and plumbing upgrades and has received various updates over the years. Minutes to Highway 91, YVR airport, and Downtown Vancouver. (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
8732 Granville Street
Postal Code
V6P5A5
Location Highlights
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Listed by
RE/MAX Select Properties 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
7,200
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
$3,499,000
Asking Price
$3,499,000
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)
7,200
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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