5 Becks Cove
ST.JOHN'S, NL, A1C6H1
$199,000
About the property (MLS: 1273920):
Welcome to an extraordinary opportunity in the heart of downtown St. John’s, Newfoundland! Nestled within the historic Murray Premises Hotel, this fully operational gourmet restaurant awaits an aspiring chef or entrepreneurial family ready to make their mark. Boasting a charming courtyard and a substantial capacity of approximately 250 guests, this is more than just a restaurant - it’s an enticing business proposition. Step inside to discover a blend of historic charm and modern allure. Adorned with exquisite leather seating and featuring large exposed wooden beams dating back to the 1800s, the ambiance is both inviting and timeless. A highlight is the wood-burning pizza oven, perfect for crafting artisanal pies and creating a memorable dining experience. The restaurant comes fully equipped with everything needed for immediate operation, ensuring a seamless transition for the new owner. Whether you’re a seasoned restaurateur looking to expand your portfolio or a passionate chef eager to realize your culinary dreams, this establishment offers the ideal foundation. Partnering opportunities with the esteemed Murray Premises Hotel group further enhance the appeal, promising synergistic benefits and increased visibility within the bustling downtown scene. Don’t miss out on this chance to own a piece of St. John’s vibrant culinary landscape. (id:56688)
Property Details
Listing ID: 27075644
Address: 5 Becks Cove, ST.JOHN'S, Newfoundland & Labrador, Canada A1C6H1
Status: Active
Last updated: 6 months ago ( Jun 21, 2024 )
Property Type: Retail
Structure Type: Retail
Ownership Type: Leasehold
Heating: Baseboard heaters, Space Heater, Propane
Price per sq ft: $∞
Tax Annual Amount: $7,545
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Space Heater, Propane
Common Interest: Leasehold
Business Type: Food Services and Beverage, Restaurant, Retail and Wholesale, Arts and Entertainment
Number of photos available: 41
Rurl
Coordinates: [47.561496, -52.709266]
Rooms
Basic Calculator
First Mortgage: $159,200
Mortgage insurance premium: $0
Total Financing: $159,200
Rough closing fee (1.5%): ~ $2,985
Total downpayment with estimated closing fee: $42,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $249 | $2,988 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-249 | $-2,988 |
| Net Operating Income (NOI) | $-249 | $-2,988 |
| Capitalization Rate | -0.13% | -1.50% |
