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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$658,800
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
Koret Lofts is Gastown's sought after warehouse conversion due to it's historic allure and flexibility in ownership offering live/work, commercial & residential plus short term rentals. Perfectly situated amongst Vancouver's best restaurants, cafes, boutiques & vibrant culture. First time on the market since redevelopment in 2006 and well taken care of. This loft is one of the very few with a full wall of original brick, beautiful details running the length of the unit and a separate bedroom area. When entering the property you'll have a furnished courtyard ideal for enjoying our warmer months. There is a lot of positive change coming to the area in the form of redevelopment, a brand new entertainment venue and the rehabilitation of Water St making this an ideal time to invest in Gastown! (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
218 55 E Cordova Street
Postal Code
V6A0A5
Location Highlights
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Listed by
Engel & Volkers Vancouver 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
703
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
$658,800
Asking Price
$658,800
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)
703
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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