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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$224,900
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
Don't miss out on this great opportunity! The Fletcher Church is ideally located just west of Chatham, minutes from the 401, offering immense potential. Currently zoned for institutional use, it also has the municipal support to be rezoned for a spectacular home situated on 0.99 acre, with potential to purchase abutting Municipal road allowance. The spacious main level room measures 30.02’x38.01"" and includes a loft, stained glass windows, and exquisite woodwork. The open concept lower level boasts high ceilings, large windows, a kitchen, 2-piece bath, and storage room. Recent upgrades 2022 FAG furnace, 2022 shingles, Pole Yard Light rented $10.77 month. Municipal water, natural gas, 100 amp hydro. Trustees retaining the right to accept or deny any offer. Offered for sale as is,where is, SQ FT. is approx,exceptional opportunity for those seeking unique space with tremendous potential. All offer to provide a 10 business day irrevocable. Offer Review April 22, 2024 at 7 pm. (id:39198)
Location
Province
Ontario
City
Merlin
Address
22544 Merlin Road
Postal Code
N0P1W0
Location Highlights
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Listed by
Keller Williams Lifestyles Realty, Brokerage 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
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
$224,900
Asking Price
$224,900
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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