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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,600,000
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
For additional information, please click on Brochure button below. Rare opportunity to acquire an exceptionally rare Raised Bungalow / Mansion / Haveli / Palace / Church. The current zoning designates it as a Place of Worship with a 155-person occupancy capacity and allows for multiple institutional uses. Constructed in 2003, this building, now 20 years old, was meticulously crafted with high-quality materials. Recently, it has undergone a comprehensive gutting and renovation. Situated along Beach Blvd in Hamilton Ontario, this property boasts a captivating view of the Lake Ontario beach in the front and backs onto the QEW highway. Zoned as Institutional (1436 b), this magnificent building, positioned in beautiful and unparalleled location, offers a myriad of possibilities. Permitted uses include a Single-Family Dwelling, Place of Worship (such as a Church, Mosque, Masjid, Gurdwara, Temple, Mandir), Day Nursery / Childcare, Lodging, Museum, Community / Cultural Center, Senior / Retirement / Foster Home, as well as a Museum, Library, Seminary, and School of Learning. The spacious Chapel features Cathedral Ceilings, complemented by several offices and rooms equipped with bathrooms and kitchen facilities. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
180 Beach Boulevard
Postal Code
L8H6V9
Location Highlights
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Listed by
Easy List 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
6,950
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
$3,600,000
Asking Price
$3,600,000
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)
6,950
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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