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Benefits
Asking Price
$563,000
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
Introducing Retail Unit SE-3, an extraordinary opportunity at the prestigious Beverly Hills Resort, nestled in the vibrant heart of Richmond Hill. Boasting a generous size of 626 square feet, with a rentable area of 796 square feet, this exquisite retail space offers limitless potential. Uniquely unfinished, Retail Unit SE-3 provides you with a pristine canvas on which to manifest your vision, allowing you to customize and personalize every detail according to your discerning taste. Convenience is paramount in this remarkable location, which provides public underground parking for seamless accessibility. Indulge in the luxurious ambiance of the Beverly Hills Resort, where sophistication meets unrivaled elegance. This prime location attracts a discerning clientele, offering a captivating blend of luxury living and thriving commercial activity. (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
#se-3 -9919 Yonge St
Postal Code
L4C1H7
Location Highlights
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Listed by
CENTURY 21 HERITAGE GROUP 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
626
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
$563,000
Asking Price
$563,000
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)
626
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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