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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,500,000
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
Incredible chance to invest in 1.5 acres of land in a promising location in South East London, close to the intersection of Commissioners Rd E and Meadowlily. This prime property holds significant potential for future development, specifically for constructing 21 freehold condominiums. It's conveniently located just a 5-minute drive from the 401, 15 minutes from a shopping center, and 15 minutes from downtown London. Don't miss out on this fantastic opportunity act now! (id:39198)
Location
Province
Ontario
City
London
Address
179 Meadowlily Road
Postal Code
N6M1C3
Location Highlights
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Listed by
SHRINE REALTY BROKERAGE 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
$2,500,000
Asking Price
$2,500,000
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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