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Now available for lease is the home of Burgerittoville, a thriving and popular restaurant in the heart of Newtown. Housed in a distinctive, character-filled building on the site of Newtown's first train depot, this location offers 1, 726 square feet of main floor space with a full basement for storage, and features seating for 65 guests plus a full bar. Located on a busy thoroughfare with 17, 000 vehicles per day passing by, this site enjoys excellent visibility and accessibility right off I-84 exit 10. Burgerittoville is already known as a "foodie destination" with a unique menu and comfortable ambiance, drawing a loyal customer base from the surrounding community. The property is serviced by city water and sewer, heated by oil, and is currently operating successfully-making it a true turnkey opportunity for any restaurateur. The full restaurant installation is available for purchase with key money, allowing you to step right into a fully equipped, profitable business. The lease is being offered at $5, 000 per month gross. Don't miss this rare chance to establish or expand your restaurant business in a high-traffic, high-potential location.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.520.1925
Laurie.Berger@raveis.com
NMLS Mortgage Loan Originator ID 12578
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $4,000 | $4,000 | $4,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $25 | $25 | $33 |
| Total Monthly Payment | $100 | $100 | $108 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.