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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$339,900
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
Investment opportunity in downtown London. This property is only steps away from Richmond row. Great development opportunity, it is zoned BDC(1) for almost any use. Terrific location to build a combination of commercial and residential units. Steps to transit, restaurants,shops, boutiques, hospital, grocery store, parkland and quick bus ride to university or college. LIST OF POSSIBLE USES AVAILABLE. Call your realtor for list of uses and zoning bylaws. (id:39198)
Location
Province
Ontario
City
London
Address
176 Piccadilly St
Postal Code
N6A1S1
Location Highlights
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Listed by
SUTTON GROUP PREFERRED REALTY INC., BROKERAGE 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
4,618
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
$339,900
Asking Price
$339,900
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)
4,618
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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