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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$13,500,000
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
Rare opportunity to acquire up to five lots within the Primary Growth Area of Cordova Bay Village. Located in one of Victoria's most prestigious neighborhoods, two of the five lots include a prime oceanfront landmark, the former Beach House restaurant. The three remaining lots, currently used for parking, are located across from the Beach House and are zoned RS-18 (Single Family Dwelling), with the new OCP paving the way for rezoning to commercial mixed use, which would allow for up to 4 storeys on two of the lots that fall within the Saanich Primary Growth Area, and 2 storeys on the remaining lot. Altogether, these five lots offer an array of future development potential that will help shape the landscape of Cordova Bay. Lot Addresses and PIDS: 5090 CORDOVA BAY RD: 005-902-240 5094 CORDOVA BAY RD: 005-902-215 5098 CORDOVA BAY RD: 005-902-193 5109 CORDOVA BAY RD: 000-060-348 5105 CORDOVA BAY RD: 000-060-364 (id:39198)
Location
Province
British Columbia
City
Saanich
Address
5090 Cordova Bay Rd
Postal Code
V8Y2K5
Location Highlights
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Listed by
William Wright Commercial Real Estate Service - Victoria Branch 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
$13,500,000
Asking Price
$13,500,000
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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