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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,100,000
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
DEVELOPERS TAKE NOTE! SPECIAL JAMES BAY development opportunity in a premier location on a large 0.22 acre, 9,600 sq/ft, rectangular lot (property being sold as is for land value only). Situated in close proximity to Fisherman's Wharf/Inner Harbour, amazing local coffee shops/restaurants, grocers, the BC Legislature, all modes of transportation, and only a short stroll to the Ogden Point Breakwater, the property is located in an exceptional pocket of Victoria. This is a rare offering and not to be missed by any serious investor or developer. BY APPOINTMENT ONLY with your realtor or listing realtor; Do not walk on property. Watch the video and call today! (id:39198)
Location
Province
British Columbia
City
Victoria
Address
220 Michigan St
Postal Code
V8V1R3
Location Highlights
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Listed by
RE/MAX Camosun British Columbia 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
$2,100,000
Asking Price
$2,100,000
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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