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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,499,000
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
Welcome to a wonderful opportunity in Halifax's South End! 932/934 South St. has seen extensive renovations under the current owners? watchful eye. Walking into 932, you will see a beautiful, functional 3-bedroom flat. Enter directly into a good-sized living room. The kitchen is streamlined and upgraded throughout. Backing onto the kitchen are your 3 bedrooms. The primary room has its own private balcony! All this and laundry on one level. Next, when walking into 934, you will see the cozy landing and mudroom. Going up the first set of stairs, you will walk into the open-concept kitchen/living room. The kitchen has a massive granite island with room for 4 to eat at, and entertain while cooking. The living room is spacious. To finish off the 2nd floor, you have two of the 7 good-sized bedrooms and a three pc bath. The top floor has 5 bedrooms, laundry, and 5 pc bathroom. You will find quality work and quality products used throughout the entire home. In the last 10 years, this property has had a half-level addition, new roof, windows, doors, siding, flooring, kitchens, baths, and natural gas furnace. It is a phenomenal property to add to your portfolio; the current owners have never had a vacancy since they owned the property. It is centrally-located to the major universities, and a 15-minute walk to Point Pleasant Park. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
932/934 South Bland Street
Postal Code
B3H2S5
Location Highlights
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Listed by
Exit Real Estate Professionals Nova Scotia 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
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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
$1,499,000
Asking Price
$1,499,000
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)
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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