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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$89,900
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
Calling all developers, landlords, contractors! Anyone looking to get into the rental market! Are you looking for a property with tons of potential? Well here it is! Located at 376 Main Road, Head of Bay D'Espoir is this 3200 square foot building. Want to add some apartments to the current rental inventory in the area? This building may be perfect for just that. Just do the work and become a landlord. With rental opportunities at an all time low, now is the time to create some much needed apartment space in the area, with over 3000 square feet just think of what you can do! Also, with all of new incentives announced by both the Federal and Provincial Governments, there is no greater time than now to expand your rental portfolio. Turn this building into three to four rental units and you will be part of the solution to the current housing shortage. Looking to start or expand a business? This building may be exactly what you are looking for. Maybe apartments are not for you but you would like a larger home all on one floor, take a look and transform it to make it your own. Maybe long term storage units are needed in the area? Divide the space into smaller units and let the storage opportunity begin. This building is located close to all amenities, a short walk to the cafe, stores, the RCMP office and so much more. Endless opportunity awaits you, you do not want to let this one get away! This building is a blank slate just waiting for your ideas to make it come to life again. This property is now priced to sell and is just waiting for the perfect buyer. Maybe that is you! (Formerly Country Furniture.) Building is being sold ""as is, where is."" There is currently no electricity to the building. New owner will be responsible to the electrical hook up. (id:39198)
Location
Province
Newfoundland & Labrador
City
Head Of Bay Despoir
Address
Main
Postal Code
A0H1W0
Location Highlights
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Listed by
Outport Realty Inc. - Grand Falls-Windsor Newfoundland & Labrador 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
$89,900
Asking Price
$89,900
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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