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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,849,000
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
N/A
Building Size
N/A
Premise Summary
Exceptional, Locke Street mixed use property. Above average condition with ongoing updates. Main floor commercial unit includes main lvl, rear ground lvl, and basement. Its lease is 2nd five-year term; 2 further five-year options end 2035. Front and side patio uses by commercial tenant are municipally approved. Tenant is successful, multi-location operation. Kitchen in above average condition. Main seating area includes marvelous glassed in space. Exterior finishes offer great curb appeal and marvelously glassed deck area. Upper 2 floor unit has potential as 2 units. Viewings w/24 hours notice for residential and between 11 am and 8 pm for commercial space preferred; listing REALTOR® to attend. Owned water heaters, HVAC serves main floor and electric heat for upper floors. 600-volt, 200 amp service has 2 step down transformers and four separate services. One gas service. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
225 Locke Street S
Postal Code
L8P4B6
Location Highlights
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Listed by
RE/MAX Escarpment Realty Inc Ontario 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
N/A
Building Size
3,998
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
N/A
Financial Information
Yearly Rate
$1,849,000
Asking Price
$1,849,000
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.
N/A
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.
N/A
Premises Size (square feet)
3,998
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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