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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,299,000
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
What an opportunity!!!! Looking to set up your new business, create a location for cardlock or fuel storage and distribution, maybe a smart cross dock system, organize your new church or just looking to have your very own garagedominium, the allowed uses are almost endless! This 1.26 Acre Commercially zoned piece of perfection features 2200 sqft garage/service area complete with in floor heating, open span construction, metal walls, 15 ft ceiling plus two piece shop washroom. The 1000 sqft private kitchen area features open concept dining and lounge, huge three piece walk in bath plus two private bedroom like rest areas all on epoxy finished floors. The raised private mezzanine also has the bedroom like vibe but yet offers privacy and seclusion. Essential services are in tip top condition with the drilled well and three stage septic both five years old. Interesting addition is the RV septic connection in case an RV sales and service is the plan. The building is fully metal clad both exterior and in the shop space and beautiful vinyl walls and checker plate ceilings in the lounging section plus spray in insulation throughout. The building is right but the expansion option is incredible. You just have to come see this to believe it. (id:39198)
Location
Province
Ontario
City
Wellington North
Address
Highway 6
Postal Code
N0G2E0
Location Highlights
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Listed by
RE/MAX Real Estate Centre 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
3,200
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
$1,299,000
Asking Price
$1,299,000
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)
3,200
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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