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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$195,000
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
Opportunity abounds here to build your new office building or water-view home? The scenery is so serene you cant wait to get to work or back home to relax and take in the sights. Discover a new lifestyle where living, business, and leisure come together in the Highlands of Drury Cove minutes from Uptown Saint John. Your new office complex or home can be built high above the river with a vista unparalleled in its beauty. Check out the architectural renderings for ideas! The vendor has done some initial ground work so you can see the view from the 3rd story of your glass-front building. Each level created designed to demonstrate how high a story would be. You'll want to live and work here! Vendor can consult on building design to suit this lot to best take advantage of the view of the cove! This .9 of acre lot is zone CG (General Commercial) with city approval for use as an office building. Services are located nearby. It affords a beautiful view of the quiet cove, seasonally dotted with recreational boats, & exquisite hilltop executive homes. Ideal for professionals who want to see natural beauty from where they work. There is a rough road to the top to provide a perfect view of the vista below. Reach out for more information and begin planning your little piece of professional paradise. Land owner will go through the process to rezone the land as residential, if buyer has other ideas for use. Note HST is applicable and is NOT included in the price. (id:39198)
Location
Province
New Brunswick
City
Saint John
Address
100 Drury Cove Road
Postal Code
E2J2Z8
Location Highlights
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Listed by
SUTTON GROUP AURORA REALTY LTD. New Brunswick 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
$195,000
Asking Price
$195,000
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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