2297 Topsail Road
Topsail, NL, A1W5R6
$384,900
About the property (MLS: 1278702):
If you've been waiting for opportunity to knock, well here it is. Topsail Breeze is waiting for you and this historic premises has been the place to drop in over the years for a drink, a chat, a game of darts and at times for a bite to eat on the way to town and back. The historic property is a 19th century wooden, two storey commercial building and has had a pool table, dart leagues, karaoke, card games and upstairs, which was a licensed restaurant, serving pub food to the club patrons and regulars out of the 2nd floor kitchen. The opportunities are great and almost limitless as the restaurant area has a full kitchen, male and female bathrooms and a dining area with wall to wall windows with a view of the ocean in Conception Bay. You can take this business and avail of the abundance of tourism in the area and drive by traffic especially in the Topsail Beach area and serve anything from Ice Cream to fries to full meals in the restaurant which can also accommodate private parties and functions. The roof was done around 2008 and in recent years a new deck, most exterior walls, windows, electrical panel and more has been upgraded. The restaurant could possibly be leased out by the new owners as well for extra income. (id:56688)
Property Details
Listing ID: 27549047
Address: 2297 Topsail Road, Topsail, Newfoundland & Labrador, Canada A1W5R6
Status: Active
Last updated: 5 months ago ( Oct 18, 2024 )
Year Built: 1890
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
View: Ocean view
Number of stories: 2
Number of Levels: 2
Heating: Hot water radiator heat, Radiant heat, Oil
Flooring: Carpeted, Other, Wood, Mixed Flooring
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Radiant heat, Oil
Flooring: Carpeted, Other, Wood, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Restaurant, Service
Number of photos available: 24
Rurl
Coordinates: [47.539686, -52.922261]
Rooms
Basic Calculator
First Mortgage: $307,920
Mortgage insurance premium: $0
Total Financing: $307,920
Rough closing fee (1.5%): ~ $5,774
Total downpayment with estimated closing fee: $82,754
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | NaN% | NaN% |
| Cash Flow | $0 | $0 |
| Net Operating Income (NOI) | $0 | $0 |
| Capitalization Rate | 0.00% | 0.00% |
