22 Lincoln Road
Grand Falls - Windsor, NL, A1A1M8
$299,000
About the property (MLS: 1277278):
Looking to find a viable business opportunity? This fully licensed family restaurant with take out is for sale along with the building and land. Being sold with all equipment including tables, chairs, new stainless steal range hood, stir fry stoves, deep fryer, one six head stove/grill and upgraded 12x12 walk in freezer and fridge, as well as Range-hood System, Exhaust System, Wet Chemical Fire Suppress System and all the equipment are working in a great condition. The location is fantastic as it is on a good visibility of Lincoln Street close to highway. The owners are highly motivated to sell & are willing to consider any reasonable offer. It's time to start your own business within your control to write off reasonable expenses to save more taxes!!! (id:56688)
Property Details
Listing ID: 27392736
Address: 22 Lincoln Road, Grand Falls - Windsor, Newfoundland & Labrador, Canada A1A1M8
Status: Active
Last updated: 24 days ago ( Sep 10, 2024 )
Year Built: 1962
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Flooring: Wood, Concrete Slab
Living Area Total: 2,806 square feet
Price per sq ft: $107
Tax Annual Amount: $2,670
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Flooring: Wood, Concrete Slab
Common Interest: Freehold
Business Type: Other, Restaurant
Building Features: Living Accommodation, Recreation Centre
Number of photos available: 1
Rurl
Coordinates: [48.943591, -55.666445]
Rooms
Basic Calculator
First Mortgage: $239,200
Mortgage insurance premium: $0
Total Financing: $239,200
Rough closing fee (1.5%): ~ $4,485
Total downpayment with estimated closing fee: $64,285
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,087 | $37,044 |
| Gross rental income (income/principal ratio) | 1.032% | 12.389% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $374 | $4,488 |
| Vacancy | $155 | $1,853 |
| Management Fee | $247 | $2,964 |
| Expense / Income Ratio | 12.12% | 12.12% |
| Cash Flow | $2,312 | $27,744 |
| Net Operating Income (NOI) | $2,312 | $27,744 |
| Capitalization Rate | 0.77% | 9.28% |
