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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,388,000
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
Existing heritage building on site which is currently approx. 2,250 s.f building is vacant and has been gutted. Excellent mixed use development opportunity which is site plan approved for two building total (including existing heritage building to be restored) consisting of 2 commercial units and 1 residential unit. Approx 3200 sf of commercial + 750 Sf of residential. Very desirable location in the heart of Thornhill at Yonge & Centre. Proximity to Promenade Mall. Bus terminal & on a rapid transit corridor. Ample area amenities including shopping, schools, parks & golf. Building permits have also been received. Seller is not building the development and selling property ""as-is"" with all entitlements. **** EXTRAS **** Many uses permitted. All info to be verified by the Buyer and/or Buyer's agent. (id:39198)
Location
Province
Ontario
City
Vaughan
Address
46 Centre St
Postal Code
L4J1E9
Location Highlights
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Listed by
INTERCITY 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
0
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
$3,388,000
Asking Price
$3,388,000
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)
0
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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