Susan K · 1336 Young Honolulu HI 96814 · Neighborhood: Makiki Area · Region: Metro · MLS: 2401816 · TMK: 1-2-4-004-035-0000 & History 

Show all 1 photos. Updated 2/19/2004 6:44:17 PM
Inactive. Last Sold for 147,000 LH on 8/18/2004
Location
Prop Type: Business
Bus Type: Cocktail Lounge
SIC:
Region: Metro
Neigh: Makiki Area
Name: Susan K
1336 Young
Unit #
Honolulu HI 96814
Area
Lot size sf14,485
Lot size acres0.333
Floor #1
Financials
Annual
Gross Income:240,000
Operating Exp:240,000
Net Op Inc:240,000
Price Info
List Price:150,000 LH
List Price orig:160,000 LH
Fee Purchase:
Sales Price:147,000 LH
Concessions:0
Net SP:147,000 LH
Remarks
Seller:Convenient location with ample parking. Operator installed new commercial ice machine, satellite dish, some newer karaoke equipment, security camera over cash register. All furniture, fixture and equipment to remain. Food and liquor inventory are not included in the sale. Four years remaining on fixed-rent lease plus two (2) five-year options also available, with conditions and lessor approval.Buyer:Assignment of Lease only plus use of leasehold improvements: commercial
Property Features
Amenities
A/C
Exterior Sign
Extra Storage
Gas
Private Restroom
Rear Entry
Security System

Business Type
Bar/Lounge

Construction
Double Wall
Masonry/Stucco

Days Open
Seven

Disclosures
None

Documents
Lease Documents
Employees

Frontage
Side Street

Hours Open

Inclusions

Land Tenure
LH - Leasehold

Land Recorded
Regular System
Lease Type
Renewal Option

Lessee Pays
Insurance
Operating Expenses
Promotion/Advertising
Utilities

Listing Broker
East Oahu Realty, Inc.

Location
Freestanding

Ownership
Sole

Parking
11-25 Spaces
Possession
Close of Escrow

Sale Conditions

Sold Terms
Cash

Stories
One

Terms Offered
Cash
Conventional

Waste

Zoning
BMX-3 Community Business M

More Information
Miscellaneous
Business Established2003
Property Management Company:Ching
Property Management Phone:
Franchise Fee:0
Lease Info
LandlordChing
LessorChing
Renegotiation9/30/2007
Lease expires3/31/2008
 
YearRent per month
Current 2008 6,071
Step up 1 2007 6,265
Step up 2 2008 6,442
Real Property Tax 2003
Assessed
Land1,160,300
Improvement297,700
Total1,458,000
Yearly
Tax Rates 15,499
141 Days on MarketKey Dates
Original listing 2/11/2004
List 2/11/2004
Photo 2/19/2004
Modified 8/18/2004
Price Change 6/6/2004
Status Change 8/18/2004
Temporary Withdrawn
Back on Market 6/30/2004
Off Market 8/18/2004
Withdrawn
Pending 6/30/2004
Closed 8/18/2004
Representation, Questions & Additional Information
If you are already working with an agent, please contact them directly for more information on this Business listing.
If you would like to work with a pro, contact:
Robin Glass, (R), PB, MBA
Hawaii Home + Commercial LLC
☎ 808-358-1774
glassr@hawaiihome.cc

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