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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,498,000
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
Amazing location! Fantastic Opportunity! Virtual Waterfront! Beside Songhees development & 6 minutes to Vic. City Hall. Great ROI to hold or Development Property with upside potential. Water views. South & east facing the water views across from Park & waterfront West Song Walkway to Downtown Victoria or West Bay Marina. See the Inner Harbour & new International Songhees Marina 228m away. 7200 sqft corner lot, RJ Zoning. Current building footprint is aprox. 4663 sqft, warehouse with mezzanine space and upper offices. The great long term tenant wants to stay. Approx. 1855 sq.ft. of waterview office space above, easily convert to residential? Good return as holding property while redevelopment is done? PLS don't disturb tenants. (id:39198)
Location
Province
British Columbia
City
Victoria
Address
206 Mary St
Postal Code
V9A3V9
Location Highlights
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Listed by
Kroppmann 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
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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
$3,498,000
Asking Price
$3,498,000
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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