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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$570,000
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
EXCELLENT TURN-KEY INVESTMENT OPPORTUNITY Located in the heart of downtown Kirkland Lake, this well-maintained commercial property features one 5000 + Sq. Ft. single storey building & has had one long-term tenant since the early 1990's. The building is currently a large office with reception area, board room, multiple offices, lunch room & 2 bathrooms. This unique property has business frontage / access on Gov't Rd W & a paved tenant parking lot (8 - 9 vehicles) located at the rear of the building with access via Kirkland St W. A must see in person...Don't miss out on this rare investment opportunity. (id:39198)
Location
Province
Ontario
City
Kirkland Lake
Address
53 Government Rd W
Postal Code
P2N2E5
Location Highlights
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Listed by
SHERRY PANAGAPKA REAL ESTATE LTD. 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
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Building Size
5,199
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
$570,000
Asking Price
$570,000
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)
5,199
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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