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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$625,000
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
Unique Investment potential! Former house removed at Seller expense. Now Vacant land ready for your vision. Neighbourhood of upgraded homes remediated by PHAI. Buyer can choose to build single family home or consider development into 2 or possibly 3 townhomes (all subject to Town approvals.) **Photo is of conceptual drawing which will be used for proceeding with application for the current owner to proceed to apply for approvals &/or zoning change to allow for 3, 2-storey Townhouses, with Freehold ownership by way of severances.** This is a plan of concept only prepared from the consultant contracted for the Planning & application process & it is a work in process* *Application to continue by the seller for needed approvals with Town. Buyer to perform due diligence on all their ultimate intended uses. The owner will sell as is (vacant building lot with R2-1 ZONING) or will proceed to finish planning application & build. Depending on how much work has been completed at time of offer the price is to be negotiated. Land has been remediated by PHAI . **** EXTRAS **** Previously house had Municipal Water, Hydro, Gas at lot. Buyer to confirm hook up to new build and any costs. (id:39198)
Location
Province
Ontario
City
Port Hope
Address
14 Alexander St
Postal Code
L1A1B2
Location Highlights
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Listed by
CENTURY 21 ALL-PRO REALTY (1993) LTD. 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
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
$625,000
Asking Price
$625,000
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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