1378 Topsail Road
Paradise, NL, A1L1H7
$1,800,000
About the property (MLS: 1275283):
1378 Topsail Road is a building that was a new built from the ground up in 2021 and has been operated as a successful restaurant offering eat in dining or take out service as well and is separated into 2 sections as well as an outside deck area for days when weather permits. In the rear section there has been a retail business and presently operating as a pub with full bar service, food service, video lottery machines, and at times live music. The bar has also been open to having private parties for birthdays as an example. The sale is for the building and land only and you can open many business models or maintain a restaurant and pub with town approvals. Some equipment will remain such as the bars and permament fixtures. The camera system and the POS system are both leased and will remain if the purchaser is willing to take over the leases. Restaurant equipment and other items can be negotiated (id:56688)
Property Details
Listing ID: 27232085
Address: 1378 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1H7
Status: Active
Last updated: 4 months ago ( Jul 30, 2024 )
Year Built: 2021
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Heating: Heat Pump, Forced air, Electric
Price per sq ft: $∞
Tax Annual Amount: $14,300
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Forced air, Electric
Common Interest: Freehold
Business Type: Other, Restaurant, Retail and Wholesale, Arts and Entertainment
Number of photos available: 10
Rurl
Coordinates: [47.535031, -52.848888]
Rooms
Basic Calculator
First Mortgage: $1,440,000
Mortgage insurance premium: $0
Total Financing: $1,440,000
Rough closing fee (1.5%): ~ $27,000
Total downpayment with estimated closing fee: $387,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,250 | $27,000 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-2,250 | $-27,000 |
| Net Operating Income (NOI) | $-2,250 | $-27,000 |
| Capitalization Rate | -0.13% | -1.50% |
