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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,149,000
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
Situated off the high-traffic intersection of Simcoe Street and Scugog Street, this beautifully maintained commercial property offers outstanding visibility and exposure. Located directly across from a busy Tim Hortons drive-through and three gas stations, the site benefits from a constant flow of local, commuter and tourist traffic, an ideal environment for business success. Zoned C5-1, the property is perfectly suited for a professional office, retail business, or other permitted commercial uses. Independent entrances to all three levels open the door to versatile multi-unit possibilities. Bonus hidden attic space, access via stairs in upstairs bathroom, could be finished to utilize a 4th level. The buildings exterior charm and landscaping reflects the character of Port Perrys quaint older homes, while its modernized interior offers the comfort, efficiency, and functionality todays businesses demand. With 8 on-site parking spaces and the option to purchase the adjacent vacant lot (MLS E12341187 -25 Wilbur Ave) currently used for overflow parking, this property offers flexibility and growth potential. The additional lot is zoned C5, allowing for a broad range of permitted uses, making it an excellent asset for future expansion or investment. Whether you're establishing a flagship location, relocating, or investing, this is a rare opportunity to secure a high-profile property in one of Port Perrys commercial corridors. The current exisiting business is relocating locally. Floorplans and additional video under multimedia link. (id:39198)
Location
Province
Ontario
City
Scugog
Address
Wilbur
Postal Code
L9L1J4
Location Highlights
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Listed by
ROYAL LEPAGE FRANK REAL ESTATE 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
8,116
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
$1,149,000
Asking Price
$1,149,000
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)
8,116
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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