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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,100,000
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
Lot Size
N/A
Building Size
N/A
Premise Summary
Unlock a piece of downtown London's history with the unique opportunity to own a meticulously renovated historic building, formerly the illustrious Century Theatre and proud recipient of the 2020 London Heritage Awards. This architectural gem spans 9,650 square feet across three floors, offering a versatile layout that can be easily demised into two separate units of 4,660 and 4,990 square feet. 16-foot curved ceilings, expansive front entrance windows, ornate plaster molding, and a crystal chandelier finish, combines historic charm with modern functionality. The rooftop patio provides a distinctive and memorable space for potential tenants or personal use. Strategically located between Clarence and Richmond Streets, this building is not only a testament to the city's rich past but also a prime investment opportunity. Included in the sale are three dedicated parking spots, complemented by the convenience of a municipal parking lot just outside the back entrance. **** EXTRAS **** The property comes with a steady stream of rental income, providing a lucrative prospect for investors. With utilities covered in the additional rent, turnkey investment in the heart of downtown, where heritage meets contemporary appeal. (id:39198)
Location
Province
Ontario
City
London
Address
192-194 Dundas Street
Postal Code
N6A1G7
Location Highlights
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Listed by
THRIVE REALTY GROUP INC. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
N/A
Lot Size
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Available Space
N/A
Building Size
9,650
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$3,100,000
Asking Price
$3,100,000
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
9,650
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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