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Benefits
Asking Price
$2,200,000
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
6.44 ACRES on a high visibility area of Kenmount Road in Mount Pearl, with 417’ of road frontage on Kenmount Road. Located on the Northern Municipal boundary of Mount Pearl, in the area between Brant Drive and Mount Carson Avenue, backing on Masonic Place. The front 5.49 acres are Zoned Residential Commercial Mix (RCM) while 0.95 acres at the rear is Zoned Residential High Density (RHD). Many land use possibilities fall into the zoning of RCM, permits and approvals from City of Mount Pearl will be the responsibility of the purchaser. Any applicable HST is the responsibility of the purchaser. There is a 20.12 meter width road allowance held by the provincial government on the east boundary but not located within the boundaries of the 6.44 acres. (id:39198)
Location
Province
Newfoundland & Labrador
City
Mount Pearl
Address
0.0 Kenmount Road
Postal Code
A1N0G4
Location Highlights
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Listed by
EXP REALTY Newfoundland & Labrador 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
$2,200,000
Asking Price
$2,200,000
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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