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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,999,000
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
Prime Investment Opportunity in the Heart of London's Bustling Commercial District in Byron. Discover a lucrative investment opportunity in a strategically located multiplex building, boasting 15,915 sq. ft. of rentable space on approximately 0.5 acres of prime land. Situated on a vibrant and high-traffic street in London, this property offers a diverse mix of tenants, including commercial retail, offices, and six modern residential apartments. With over 400k invested in renovating and upgrading all residential units, hallways, staircases, and roofs in 2019, and a new balcony in front of the building, we are ensuring a contemporary and well-maintained property. A diversified tenant mix provides a steady income stream, while the professionally managed property ensures operational efficiency and peace of mind for investors. Comprehensive lease agreements and property information are available upon signing a confidentiality agreement, offering transparency and insight into the property's financial performance. (id:39198)
Location
Province
Ontario
City
London South
Address
Commissioners
Postal Code
N6K1E1
Location Highlights
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Listed by
CENTURY 21 FIRST CANADIAN CORP 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
19,655
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
$4,999,000
Asking Price
$4,999,000
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.
N/A
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)
19,655
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
