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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,500,000
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
This property is ready for Redevelopment. The building is +101,000sq.ft. and sits on 5.73acres of land. This is the former Captain William Jackman Memorial Hospital and is ready for re-development. Phase 2 Environmental Assessment is completed with good results. Also available is a Hazardous Materials Assessment. Over $1 million in remediation and demolition completed. This building structurally solid. The sprinkler system was installed a few year ago. Available are engineered drawings for development of the lower level as commercial space and for up to 70 apartments on the top 2 floors. (id:39198)
Location
Province
Newfoundland & Labrador
City
Labrador City
Address
410 Booth Avenue
Postal Code
A2V0B9
Location Highlights
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Listed by
LOCKE REAL ESTATE INC. Newfoundland & Labrador listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
101,363
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
N/A
Financial Information
Yearly Rate
$2,500,000
Asking Price
$2,500,000
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.
N/A
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)
101,363
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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