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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,999,000
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
LISTING INCL: 10067 + 10075 - 128A ST. The permit for the demo has been approved, and the PLA has given the green light for the construction of 10 duplexes. The plans are good to go and can be put into action. There is potential for rezoning, so a revised permit can be submitted according to the new high-density zoning regulations of the BC Government. For more information, you can contact the planning department of the City of Surrey. The property is located in a prime location in the heart of the City of Surrey, within walking distance of Surrey downtown, Surrey Central Mall, SkyTrain, KPU, and much more. (id:39198)
Location
Province
British Columbia
City
Surrey
Address
10055 128a Street
Postal Code
V3T3E4
Location Highlights
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Listed by
eXp Realty (Branch) British Columbia 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
$7,999,000
Asking Price
$7,999,000
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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