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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,590,000
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
This property is centrally located, just minutes from the 401, and offers a variety of possibilities under M7.304 zoning. The unit includes five rooms that can be utilized as office spaces or meeting rooms, in addition to a large multi-purpose hall. There is also an operational commercial kitchen. The unit is equipped with two furnaces to efficiently heat different areas as needed. It features one three-piece washroom and one two-piece washroom. Additionally, the property includes a concrete slab of approximately 4,000 square feet with potential for expansion, nearly the same size as the building. There is ample parking available for at least 21 cars. The property is suitable for a range of uses, including wholesale, photofinishing, warehousing, animal hospital, stone products manufacturing, printing plants, restaurants, laundry services, and dry cleaning. This exceptional opportunity won’t last long. Floor plans and zoning information are attached. Environmental phase one done in 2016 is available, the property is used as a community centre since last sale in 2016. (id:39198)
Location
Province
Ontario
City
Kingston
Address
50 Hickson Street
Postal Code
K7K2N6
Location Highlights
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Listed by
INTERNATIONAL REALTY FIRM INC 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
4,000
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
$1,590,000
Asking Price
$1,590,000
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)
4,000
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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