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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,499,000
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
High profile, Downtown Galt, freestanding building. Located right at the corner of Main and Wellington St. This 6462 square foot building has huge potential, currently used as Commercial retail space on the main level, it has approximately 3300 square feet of upper floor space (currently used as storage) which permits residential and/or commercial development. The main floor is one continuous space but could be easily divided as there are two separate gas services and 2 separate hydro services. Each level also has 2 washroom facilities. Close to public parking, transit, restaurants, banks, shopping, City Hall and Downtown River trails. This building is also available for Lease. (id:39198)
Location
Province
Ontario
City
Cambridge
Address
5 Wellington Street Unit# 1
Postal Code
N1R3Y4
Location Highlights
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Listed by
ROYAL LEPAGE CROWN REALTY SERVICES INC. - BROKERAGE 2 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
6,462
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
$2,499,000
Asking Price
$2,499,000
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)
6,462
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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