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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,995,000
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
|| - PRICE REDUCED - || A trophy investment property and downtown Port Perry's most recognized building landmark and retail anchor: Featuring six commercial tenants and 11 apartment suites, this fully-occupied mixed-use investment offers stable income from quality, thriving commercial tenants and significant revenue upside through market turnover of residential units. Formerly known as Settlement House, this landmark building in Port Perry's historic downtown is one of the most historic sites in Port Perrys downtown heritage conservation district, yet now only 15-20 from expanded 407/412 and 45 minutes from DVP/401. Extreme visibility directly across from the Port Perry Post Office and nestled between three major banks, a pharmacy, and public library, this investment represents a remarkable opportunity to acquire a true historic treasure with positive cash flow and upside potential. (id:39198)
Location
Province
Ontario
City
Scugog
Address
Queen
Postal Code
L9L1B8
Location Highlights
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Listed by
RE/MAX HALLMARK EASTERN 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
23,262
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
$6,995,000
Asking Price
$6,995,000
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)
23,262
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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