1/81218 Wharf St, Victoria
1218 Wharf St, Victoria, BC V8W1T8
$249,999 total
3,000 SF
Asset Class
Retail
Size
3,000 SF
Building class
B
Zoning
CSC — Shopping Centre
$ / SF
$83
Occupancy
84%
Lot Size
0.06887052341597796 ac
About this property
Well-established and turnkey restaurant for sale in Downtown. Approximately 3,000 sq. ft. of interior space with seating for 100 guests. Monthly rent $8700. Two bar sections, a commercial cooler and compressor, new flooring.Fully equipped commercial kitchen with a commercial hood and grease trap. Lease has approximately two years remaining, with renewal options available. Liquor licence is transferable. An excellent opportunity for a ready-to-operate restaurant business. Come make it your DESTINED business. Please do not approach staff or owners regarding the sale of the business. * (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$11K
Annual cash flow
$-2K
Cash-on-cash
-3.22%
DSCR
0.83
Going-in cap
4.58%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Blue Harbour Design | 1,128 SF | 2033-01 |
| Blue Harbour Design | 627 SF | 2033-01 |
| Blue Harbour Design | 774 SF | 2033-01 |
Area demographics
Trade area within 3 miles of the property.
Population
125,028
Households
45,145
Median income
$111,500
Median age
31.6
Daytime population
180,451
5-yr growth
5.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1218 Wharf St, Victoria.
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.