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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$8,880,000
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
Small hotel operators or investors ATTENTION, A rare opportunity to operate short-term rentals in Richmond. Approval plan with 13 suites and a communal kitchen. Potential cap 7%. EXCLUSIVE elevator directly go the Level 3. The building located minutes from YVR airport just off Bridgeport Rd and No. 3 Rd. Improved with a spacious, opened and functional layout. Fantastic river, city and Mountain View. Five star amenities at International Trade Centre include top tier restaurants, hotel, whisky bar, and more. Strategic location, within 10 minutes walk to Bridgeport SkyTrain Station and River Rock Casino. 5 min drive to YVR airport, central Richmond, Vancouver, and easy highway access. (id:39198)
Location
Province
British Columbia
City
Richmond
Address
300 8411 Bridgeport Road
Postal Code
V6X1R7
Location Highlights
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Listed by
RE/MAX Crest Realty 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
6,801
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
$8,880,000
Asking Price
$8,880,000
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)
6,801
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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