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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,195,000
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
Thornbury Commercial – Investment opportunity. Centrally located in downtown Thornbury, this commercial building features two office suites on the main level, along with one residential suite on the second floor and 5 parking spaces at back of building. Main level office space “A” has a small meeting room, private office and general office space. Office space “B” has a general office space, along with a private office. Both units share a 2pc bathroom. Second floor residential suite is a 2-bedroom, 1 bathroom apartment with open concept kitchen/living/dining area and finished storage room. Significant upgrades in 2023 include front overhang, roof membrane/flashing/chimney repair, metal stairs at back of building and gravel/grading of parking lot in 2022. Steps to Georgian Bay and only minutes to all the area’s amenities. (id:39198)
Location
Province
Ontario
City
Thornbury
Address
24 Bruce Street S
Postal Code
N0H2P0
Location Highlights
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Listed by
Royal LePage Locations North (Collingwood), Brokerage 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
2,453
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
$1,195,000
Asking Price
$1,195,000
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.
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.
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Premises Size (square feet)
2,453
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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