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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,500,000
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
Your property search stops here! Fantastic potential with this extraordinary foreclosure property nestled in Sardis' popular West Vedder area. Situated in an area currently zoned in the Official Community Plan (OCP) as RL, a previous PLA was granted for nine bare land strata lots and two fee simple lots over 1. 75 acres of the two adjoining properties. While potential rezoning may be on the horizon, the property is being sold as is/where is, so prospective purchasers and agents are encouraged to conduct thorough due diligence on rezoning and development. (id:39198)
Location
Province
British Columbia
City
Chilliwack
Address
45063-45083 South Sumas Road
Postal Code
V2R1W5
Location Highlights
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Listed by
RE/MAX Lifestyles Realty (Langley) 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
$4,500,000
Asking Price
$4,500,000
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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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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