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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$19,999,000
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
Fabulous opportunity for a great investment in the future! Rarely available 50 acres lot fully tillable. Located in Smithville, a township with robust expansion and development, there are numerous possibilities for a lucrative redevelopment of this land. THIS PARCEL WAS RECENTLY AMALGAMATED WITHIN THE TOWN OF SMITHVILLE BOUNDARY AND THE OFFICIAL PLAN DESIGNATION WAS CHANGED FROM AGRICULTURAL TO EMPLOYMENT AREA. Buyer must do its own due diligence to ascertain any future use possibilities. The area is part of a Region's Growth Management Strategy which forecasted new population and employment targets for West Lincoln and designated Smithville as the location for most of the Township's anticipated growth. This parcel can be sold jointly with Lot 4 on Spring Creek Road which backs onto it (PIN 460490022). **** EXTRAS **** This lot includes an 8,000 sf poultry barn and 1,100 sf storage that have not been used since 2017. (id:39198)
Location
Province
Ontario
City
West Lincoln
Address
6060 Young St
Postal Code
L0R2A0
Location Highlights
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Listed by
SUTTON GROUP-ADMIRAL REALTY INC. 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
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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
$19,999,000
Asking Price
$19,999,000
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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