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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,600,000
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
LAND ASSEMBLY - 3224/3230/3234 Admirals Road... Tucked away at the end of a no thru road bordering the Galloping Goose Trail, we proudly offer this 3 lot Land Assembly totaling just under 40,000 SQFT of buildable flat land which is zoned as “neighbourhoods”. These three properties are located at the end of a quiet cul-de-sac on Admirals Road off of Burnside Road. A great opportunity for higher density with upside potential to build a new community in such a central sought after area. Each lot is complete with a well maintained home which could be used as additional rental income while awaiting rezoning. This opportunity wont last, so get in quick and visualize the potential for yourself. The RT-5 Zone (to be approved) allows a maximum density of one dwelling unit per 130 sq. m. (1399 sq. ft.) of lot area, which provides an idea of the potential yield. Close to everything Victoria has to offer. (3 lots must be purchased together: MLS 957872, 957884, 957887 (id:39198)
Location
Province
British Columbia
City
Saanich
Address
3230 Admirals Rd
Postal Code
V8Z4N5
Location Highlights
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Listed by
Sotheby's International Realty Canada 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
$1,600,000
Asking Price
$1,600,000
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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