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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,595,000
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
Amazing opportunity in revitalized downtown SoHo London. Strong net cash flow secured by 100% occupancy & National Tenant. Gross income approx $250,000(increasing with built-in escalations), cap rate >4%. Modern attractive 8,352sq ft commercial building with ample on-site parking, subdividable up to 6 units. Included loading dock & lift for full-size transport truck deliveries.Great visibility onthe main arterial road. Walking distance to downtown, train and bus stations, and on public transportation routes. Many potentialuses underr current zoning. Book a viewing appointment today! Vendor VTB mortgage. **EXTRAS** Please allow 24 hours minimum notice for showings. Owners would consideroffering a VTB first mortgage. Listing agent is related to one of the owners. (id:39198)
Location
Province
Ontario
City
London East
Address
345 Horton Street E
Postal Code
N6B1L6
Location Highlights
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Listed by
STREETCITY 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
8,352
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
$4,595,000
Asking Price
$4,595,000
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)
8,352
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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