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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,400,000
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
Stunning Corner Property Available in the Heart of the Locke Street South Shopping District. End User Main Floor Opportunity or Choose your own High Profile Tenant! Main Floor Commercial Space is Filled with Natural Light. Second Floor has Beautiful Cathedral Ceilings, Exposed Brick and Private Terrace. Three Separate Commercial Spaces for Investment Income in One Charming Building! **** EXTRAS **** Second Floor and Sushi Restaurant are Leased with Excellent Tenants. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
184-188 Locke St S
Postal Code
L8P4B3
Location Highlights
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Listed by
CENTURY 21 REGAL 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
900
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
$2,400,000
Asking Price
$2,400,000
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)
900
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
N/A
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