Business For Sale · Retail

26 VICTORIA STREET E, New Tecumseth (Alliston)

26 VICTORIA STREET E, New Tecumseth (Alliston), ON L9R1T4

$1.3M total

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

90%

About this property

Rare opportunity to acquire a successful restaurant (with building) and apartment in downtown Alliston, home of the Honda manufacturing plant. William's Restaurant, nestled on the busy main street has ample town parking, high visibility premier location with a vintage vibrant feel. Features proven turnkey business, building and apartment, covered and heated outdoor patio with 100 seats, 40 seats indoors with bar, solid brick building well cared for, fully equipped commercial kitchen, live & work opportunity - mixed use building, P.O.S system and liquor licence, extensive upgrades and enhanced building & chattels. In one of Ontario's fastest growing communities. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.29M
Down payment30% · $387K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$69K

Annual cash flow

$-3K

Cash-on-cash

-0.74%

DSCR

0.96

Going-in cap

5.32%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

90,489

Households

42,916

Median income

$68,000

Median age

40.8

Daytime population

100,824

5-yr growth

1.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 26 VICTORIA STREET E, New Tecumseth (Alliston).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.