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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$8,495,000
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
A Unique 5.5 Storey Building Filled With Character And Offering A Wonderful Opportunity For A User To Customize and Occupy Over 2,500 Sf Of Live/Work/Creative Space On The Upper Levels Of The Building And/Or Restaurant/Cafe/Services Space On The Main Floor And Basement With Supplementary Income From 3 Floors Of Beautifully Renovated Office Space. Norman Jewison, The Internationally Acclaimed Film Director And Producer Acquired The Building In 1978 And Produced And Filmed Many Of His Films At This Location. The Building Is Nestled On A Laneway Backing On The Buildings Fronting On The East Side Of Yonge Between Isabella And Gloucester Street And Fronts Onto A Green P With 15 Parking Spots And Norman Jewison Park. Surrounded By An Extraordinary Amount Of New Residential Condominium, Office And Retail Development Within 200 Meters Of The Property. **** EXTRAS **** Substantial Recent Renovations Include Complete Refurbishments Of The 2nd, 3rd & 4th Office Floors, Common Areas And Most Windows. (id:39198)
Location
Province
Ontario
City
Toronto
Address
18 Gloucester Lane
Postal Code
M4Y1L5
Location Highlights
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Listed by
BOSLEY REAL ESTATE LTD. 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
10,301
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
N/A
Financial Information
Yearly Rate
$8,495,000
Asking Price
$8,495,000
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)
10,301
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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