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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,500,000
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
Lot Size
N/A
Building Size
N/A
Premise Summary
Site Plan Approved by the City of London for a 95-unit, 6-storey apartment building. Located in the desirable Westmount Area of London and close to many amenities, as well as direct access to public transit routes, steps from Wonderland and Commissioners Road West intersection. Site area of 0.45 hectares (1.1 acres), municipal services at road, ready for development. (id:39198)
Location
Province
Ontario
City
London
Address
608 Commissioners Rd W
Postal Code
N6K1B8
Location Highlights
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Listed by
CENTURY 21 FIRST CANADIAN CORP., BROKERAGE 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
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
N/A
Financial Information
Yearly Rate
$5,500,000
Asking Price
$5,500,000
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)
0
Other Information
Owner willing to Finance
N/A
Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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