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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$550,000
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
ATTENTION BUILDERS, INVESTORS & DREAM HOME AFICIONADOS! Incredible opportunity to build on a large, private & sunny 0.62ac/27,007sqft lot in Sooke's popular Broomhill neighbourhood. Build the private home of your dreams OR take advantage of flexible current R2 zoning with a minimum lot size of 600 sqm (6458 sqft) providing subdivision potential for single family or duplex construction. Enjoy mountain views from the lot's southern sloping terrain, which may be enhanced through selective tree cutting. Municipal water, sewer, hydro, phone, gas (from Mountain Heights Dr), cable, & internet available at the road. BONUS: road frontage on both French Road N and Mountain Heights Dr. Amazing location in sensational Sooke just minutes from its Town Centre & all amenities including shopping, restaurants, recreation facilities, public transit, marinas, parks, trails & beaches. This property offers a tremendous opportunity & with its development potential represents a rare find & outstanding value! (id:39198)
Location
Province
British Columbia
City
Sooke
Address
Lot B French Rd N
Postal Code
V9Z0M5
Location Highlights
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Listed by
RE/MAX Camosun 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
$550,000
Asking Price
$550,000
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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