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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,000,000
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
We're pleased to offer this first of its kind property for New Hamburg. Overlooking the town, this beautiful 5-acre parcel of land is zoned Z4-residential apartment, with special allowances. Currently conceptually approved for a 4-story apartment at street level with a 5th lower level for covered parking out the back. Different concepts drawn with up to 33,000 sqft footprint per level. With most of the legwork complete, this land is almost shovel ready waiting with the final approvals needed from a builders' plans. Studies completed include: geo technical, transportation impact, noise feasibility, servicing report, conceptual approval for a 33,000 sqft footprint on each floor. Continue with the current architect and planning team to get this project to the finish line, or come with your own plans to bring to township. New Hamburg is situated between Stratford and Kitchener and just 2 minutes off highway 7/8 for easy access to 401. With three adult living communities close by, New Hamburg has become a great town for an aging population. Currently with an average age of 42, 56% of the private households have 2 or less people living in them and 30% of the population is over 55 according to stats Canada. (id:39198)
Location
Province
Ontario
City
New Hamburg
Address
N/a Neville Street
Postal Code
N3A4G7
Location Highlights
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Listed by
RE/MAX SOLID GOLD REALTY (II) LTD. 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
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Financial Information
Yearly Rate
$5,000,000
Asking Price
$5,000,000
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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