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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$669,900
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
Are your looking for commercial investment space with easy access to the 401 and a steady income in place? Are you looking to start your own Spa/Hairstyling business. Selling with the business or without. Welcome to 4 Schofield Avenue, located centrally and just south of the 401. Close to schools, shopping, a good residential base and an easy walk to the downtown and riverfront area. The building is a wood frame structure on a block foundation offering approximately 3900 Sq Ft of total work space on both levels. See floor plans in Pics. Improvements to the building include roof, siding, windows and doors, wiring, plumbing and heat. The driveway goes completely around the building providing easy enter and exit with ample parking spaces. Currently the upper level and several rooms on the lower level are occupied by the "Elite Spa and Boutique", and specialized tenants, with approximate income of $3150.00 monthly, month to month rental. Its turn key offering with the work stations and accessories and related equipment included with the sale. Take the video tour and view the pictures attached to tell you more about this opportunity being offered. And if you have another use in mind, please check with the City regarding zoning and uses and make it yours. (id:39198)
Location
Province
Ontario
City
Brockville
Address
Schofield
Postal Code
K6V4M4
Location Highlights
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Listed by
CENTURY 21 RIVER'S EDGE LTD 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
3,348
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
$669,900
Asking Price
$669,900
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)
3,348
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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