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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,800
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
Well priced duplex lot on a nice quiet no thru road in the popular Mill Hill area in Langford. Approx. 9500 sq/ft. Services are at the lot line. Ideal for a 2 or 3 level side by side duplex, or single family home. first 30' or so is level, then steep rock mountain, so the site will need some blasting to create a building envelope. Upper floors would have some nice mountain views. Check with Langford about relaxing front yard setbacks. Please verify all information with Langford to see if there are any additional costs to servicing this lot, and that a new Development Permit would allow a duplex. GST not included in list price. Close to walking trails. 10 minutes to Galloping Goose and Thetis Lake. 5 minutes to Costco and Millstream Village, and all Langford amenities, 10 minutes to Belmont Village and 25 minutes to Downtown Victoria. (id:39198)
Location
Province
British Columbia
City
Langford
Address
2552-2554 Mill Hill Rd
Postal Code
V9B4X7
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
$499,800
Asking Price
$499,800
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
N/A
Market Competition
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