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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,000
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
St. John's United Church is on the market for the first time ever and offers an expansive 6500+/- square foot two level structure with huge potential for a variety of future uses. The building is currently zoned Institutional and buyers are advised to verify zoning suitability for any intended purpose with the Town. This unique property could lend itself well to a wide range of possibilities including conversion to housing units, commercial ventures like a restaurant or retail space, or continued institutional use as a church, performance venue or community hall. The main level features an enormous vaulted sanctuary with balcony seating while the lower level offers a large reception hall with two kitchens plus multiple bathrooms and additional rooms and office areas for flexible use. Municipal water and sewer services are in place. Property is being sold as is where is with no warranties or representations from the seller. Many chattels are negotiable and can be discussed as part of any offer. This is a rare opportunity to purchase a large and versatile structure with a long local history and endless future potential. (id:39198)
Location
Province
Nova Scotia
City
Middleton
Address
Main
Postal Code
B0S1P0
Location Highlights
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Listed by
RE/MAX Banner Real Estate(Greenwood) Nova Scotia 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
$299,000
Asking Price
$299,000
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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