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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,050,000
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
Commercial opportunity near Wortley Village and downtown. >35000 traffic count per day, parking for 8 and opposite a busy Tim Hortons and Robert Q Airbus Terminal. Low taxes: $7311.55 (2024). 3 units total; all under lease: 2 retail and one enormous 3 bedroom, 2 bath apartment. Net rents over $70,000. Of the retail, a thriving butcher shop and busy hair salon occupy the main level units. The salon has been beautifully renovated and had major upgrades to plumbing and electrical systems. The apartment has separate entry through the back and features a showroom kitchen and and newly renovated baths. Over $100,000 spent on recent renovations (id:39198)
Location
Province
Ontario
City
London
Address
122 Wharncliffe Road S
Postal Code
N6J2K3
Location Highlights
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Listed by
ROYAL LEPAGE TRILAND REALTY 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
3,510
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
$1,050,000
Asking Price
$1,050,000
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)
3,510
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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