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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,490,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
0.189 Acres of high profile, prime redevelopment opportunity for sale. Excellent location across the street from McMaster Children’s Hospital & McMaster University. Proximity to many other amenities. Property being sold on an "as-is, where-is" basis without representation or warranty by the Seller. Buyer to complete their own due diligence. TOC1 zoning permits a maximum building height of 6-storeys, with potential for 12-storeys given the applicable criteria is satisfied through a zoning By-law Amendment application. Property is currently Tenanted and occupancy is to be determined. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
1261 Main Street W
Postal Code
L8S1C4
Location Highlights
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Listed by
Colliers Macaulay Nicolls Inc. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
1
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$2,490,000
Asking Price
$2,490,000
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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
1
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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