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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$400,000
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
VENDOR FINANCING AVAILABLE - With terms and conditions agreeable to Buyer and Seller for a 12 month term (VTB at the sole discretion of the Seller). This freehold commercial building is a rare find in the heart of Duncan's historic downtown business core. Its prime location on one of the busiest pedestrian streets makes it an ideal investment opportunity. The property is surrounded by charming shops, restaurants, and attractions, including the popular weekend Farmers Market and Duncan City Square (home to Duncan City Hall). What's more, Duncan is the main business centre in the thriving Cowichan Valley in Southern Vancouver Island, making this property an even more desirable asset. To learn more and arrange a showing, please contact the listing agent. Please do not approach the tenant or staff. Listed at 2024 assessed value. (id:39198)
Location
Province
British Columbia
City
Duncan
Address
115 Kenneth St
Postal Code
V9L1N5
Location Highlights
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Listed by
Coldwell Banker Oceanside Real Estate British Columbia 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
$400,000
Asking Price
$400,000
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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