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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$820,000
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 retail opportunity in the prestigious World on Yonge complex! This fully renovated commercial unit is ideal for retail, office, or professional services such as legal, accounting, or real estate. Upgraded with $$$ in improvements and secured with bulletproof wall glass and a reinforced door, this space is equipped with a professional CCTV and DVR surveillance system, a 5,500-pound safe box, and a fully installed alarm system for maximum protection.Move-in ready, includes HVAC, sprinkler system, full municipal utilities, and both surface and ample underground parking. Located within walking distance to Yonge & Steeles and the planned future subway extension, offering outstanding access and long-term value. Situated in a Major Transit Station Area with high visibility and strong foot traffic. (id:39198)
Location
Province
Ontario
City
Markham
Address
Yonge
Postal Code
L3T0C7
Location Highlights
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Listed by
ROYAL LEPAGE YOUR COMMUNITY REALTY 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
671
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
$820,000
Asking Price
$820,000
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)
671
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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