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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,880,000
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
*Showing by appointment only, do not disturb staff. * Golden Investment Opportunity! Adjacent to Richmond's No. 3 Road, this property for sale is situated in close proximity to Alexandra Road, Parker Place, and Lansdowne Mall, enjoying a tremendous flow of pedestrian traffic. The land spans an area of 8,921 sqft. With an already approved development permit in place, construction for a hotel can commence at any time. The previous structure, initially an office space, has undergone a change of use application, with the interior completely stripped down to its raw state. The new approved purpose for development is now a hotel, promising substantial potential income. Don't miss out on this excellent opportunity! Please contact the listing agent for more information today! (id:39198)
Location
Province
British Columbia
City
Richmond
Address
8011 Leslie Road
Postal Code
V6X1E4
Location Highlights
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Listed by
Grand Central Realty British Columbia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
$6,880,000
Asking Price
$6,880,000
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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