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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,450,000
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
COR zoning, this profitable high profile building is located on the corner of Lady Hammond Road and Basinview Dr. with a 4626 sf lot property beside the Peggy Corkum Music Room. A 3 sty bright office building, previously occupied by a Law firm, was most recently home to a Recording and Production company. There are 2 main entrances. As currently appointed there are a total of 8 offices, 2 recording studio rooms, main floor reception area, kitchens and baths on each floor incl. 2 kitchenettes, 1 full kit., 2 -2 pc and 1-3pc bth. Parking is included on both the front private parking lot and the side private driveway for multiple cars. Each floor also has 2 entrances. So many possibilities i.e. businesses looking for easy customer access and high profile signage; partners looking to convert the building to 3 commercial or mixed use condos; developers looking for redevelopment opportunities and more. With easy access to downtown Halifax, this property offers a prime location with great economic and investment potential. Call to book your viewing today! (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
Lady Hammond
Postal Code
B3K2R9
Location Highlights
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Listed by
Red Door Realty Nova Scotia 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
$1,450,000
Asking Price
$1,450,000
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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