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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,150,000
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
1157 5th Ave is a great investment with multiple income streams located in the heart of downtown Prince George, British Columbia. The owner has done an excellent job of increasing value by investing in substantial systems upgrades & property investments including 4 new HVAC systems and 3 phase power. The main floor has just undergone extensive renovations with the restaurant wanting to renew a lease on a long term basis at current market rents. Property includes two fully renovated Air BnB units upstairs (one 2 bd/2 bath & one studio), a wedding and photography studio and college also upstairs on long term leases. A new owner can enjoy future profits from the groundwork which has already been done. (id:39198)
Location
Province
British Columbia
City
Prince George
Address
1157 5th Avenue
Postal Code
V2L3L1
Location Highlights
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Listed by
Century 21 Energy Realty (PG) 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
8,992
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
$2,150,000
Asking Price
$2,150,000
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)
8,992
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
N/A
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