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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$440,000
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
The Ground Floor Commercial unit at The Gore Park Lofts! 646 square feet of centre ice retail in the downtown core. Commanding space at the corner of King and Catharine Streets. Over 30 feet of high-visibility frontage across from Gore Park and the Royal Connaught. Public transit at the door, steps to the GO Station, with over 30,000 people living within 1km and some of the highest traffic counts in the city. This is the perfect smaller space for boutique concepts. Currently in base building condition, this is your opportunity to paint on a great commercial canvas downtown and start your commercial portfolio or add a great piece. **** EXTRAS **** Roughed-in plumbing. Suspended HVAC. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
125 King St E
Postal Code
L8N1A9
Location Highlights
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Listed by
RE/MAX ESCARPMENT REALTY INC. 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
646
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
$440,000
Asking Price
$440,000
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)
646
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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