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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$309,900
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
The perfect building lot right in the heart of beautiful Southampton, 3 blocks from the beach! There are three lots, side by side, in this cul-de-sac with a nature trail at the end of the hammerhead turn around. The lot is approx. 50'x102' so you can build any custom, dream home with up to a 2250 sq. ft. foot print (you could double this space with a two storey plan). Gas and Hydro services will be at the lot line and Water/Sewer are both municipal. Construction on road, services etc. are booked to commence in January if weather permits. New lot Owner(s) could have a building permit as soon as Summer 2023 if all goes well. The lot is across from the water treatment plant which is quiet and private with having no neighbors across the road. Trees will be added along with a trail in front so the view will be pleasant. Dennison Homes Inc. (the Owner of the lots) would be a great choice for a Local Custom Builder! They could start in the Fall of 2023 (with Spring 2024 occupancy if you hurry!) and have their own Interior Design Team, amazing Carpenters and a Custom Cabinet Shop to be able to make all of your dreams come true! (id:39198)
Location
Province
Ontario
City
Southampton
Address
2 Grosvenor Street
Postal Code
N0H2L0
Location Highlights
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Listed by
SUTTON-HURON SHORES 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
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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
$309,900
Asking Price
$309,900
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)
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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