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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,900
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
Centrally Located This R3 Zoned, Vacant Lot W/ Municipal Servicing Offers Easy Access To Downtown Port Hope, Highway 401 & Amenities Available Across Northumberland. With A Ravine Like Setting, It Backs Onto The Unopened Croft Rd. Extension Which Offers Access To Beatrice Strong School, Baseball Fields & Park Area. Various Styles Of Residential Homes Located Nearby. The Current Zoning Allows For Single Family, Accessory Dwelling, Duplex, Townhouses Or Semi Detached. Thousands Spent On Demolition Of The Previous Home, Up To Date Survey, Geotechnical Study, New Service Mains & Building Plans/Drawings. Site Plan Approved, Building Permit In Place For A Custom Built Bungalow. Buyer Could Explore The Potential Possibility Of Severance. The Fenced Portion Of This Property Belongs To This Site. Hydro Easement In Place. Buyer To Do Their Due Diligence With Respect To The Property, Zoning, Their Future Or Intended Use. (id:39198)
Location
Province
Ontario
City
Port Hope
Address
3 Wellington St
Postal Code
L1A2M4
Location Highlights
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Listed by
RE/MAX HALLMARK FIRST GROUP REALTY 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
$299,900
Asking Price
$299,900
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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