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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,490,000
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
Development Project For Sale - Conditional Rezoning approval already granted for a 40 unit, 32,599 sq.ft. strata condo development. This land assembly is a rare opportunity to own a prime 5-storey development site located in the heart of New Westminster. The property is ideally situated on upper Twelfth Street offering close proximity to transit, St Thomas Moore private school, and endless and shops and services directly out your door. This is one of the best remaining opportunities to acquire a development site in the area. Site plans and reports are available upon request. Rear lane to be purchased from the City. Please do not walk on the property. (id:39198)
Location
Province
British Columbia
City
New Westminster
Address
909 913 915 Twelfth Street
Postal Code
V3M4K5
Location Highlights
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Listed by
ROYAL LEPAGE SIGNATURE REALTY 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
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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
$6,490,000
Asking Price
$6,490,000
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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