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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,050,000
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
N/A
Premise Summary
MF1 Zoning, Site approved for 4 units with plans, DP in place waiting for bonds, Ready for BP, 0.14 acre or 6080 sqft flat lot, 51 ft width by 120 ft length. Ideal location, Near transit corridor, Walking distance to the Hospital, lake, beaches, etc, Current Single family home with 4 bedrooms and 1 bath, Lot of potential if you can add neighboring homes. All utilities are disconnected. For viewing go during day light. *All info is deemed correct, please verify if important* (id:39198)
Location
Province
British Columbia
City
Kelowna
Address
737 Burne Avenue
Postal Code
V1Y5P6
Location Highlights
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Listed by
Sage Executive Group Real Estate 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
N/A
Financial Information
Yearly Rate
$1,050,000
Asking Price
$1,050,000
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
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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