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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,999
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
Great opportunity to have your Own Office Space (approx. 1,490 sq ft) . Office condo For Sale is on Queens Avenue, in Prime Downtown London location. Just east of Wellington Rd and west of Picton St. Property is located across from One London Place and London Life and just down the street from Victoria Park. Over $80,000 was spent in upgrading this condo. New kitchen with stainless Miele appliances and bathroom. Heating/cooling with 3 Mitsubishi units and 3 thermostats to control zones. 1 underground oversized parking space is included. Access to common open concept office space with reception, waiting area office area, boardroom area, kitchen area and 1 washroom. Nice finished office space. Zoning: OR CF1 permits a wide range of uses. Other tenants are on the same floor: Osteopathy cabinet. Condo fees approx $1,020 / month. Also for lease. (id:39198)
Location
Province
Ontario
City
London
Address
280 Queens Avenue Unit# A
Postal Code
N6B1X3
Location Highlights
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Listed by
BLUE FOREST REALTY INC. 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
1,490
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
$299,999
Asking Price
$299,999
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)
1,490
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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