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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,950,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
This is the most exciting Development Site on the West Coast. It took over 10 years to acquire the most open and comprehensive zoning possible which allows for unlimited opportunities from B&B nightly rentals to permanent full time residency. Situated in downtown Tofino minutes to restaurants and shopping yet you look out at fablulous ocean views providing the feeling of being on the edge of the planet. 7 condos, two incredible huge pentouses and one long term rental will provide the Most Sought After Accommodation of the West Coast of Vancouver Island. These units will provide some of the highest rents in Tofino, Vancouver Island, or Canada and will be booked years in advance. Development Permit has been issued and price includes Architectural Drawings, Engineering as well as hundreds of thousands of dollars of reports. See District of Tofino Zoning Bylaw NO. 1169, 2012. Owner may participate in Joint Venture or Purchase a Penthouse Unit to the right Buyer! (id:39198)
Location
Province
British Columbia
City
Tofino
Address
Campbell
Postal Code
V0R2Z0
Location Highlights
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Listed by
Royal LePage Parksville-Qualicum Beach Realty (QU) British Columbia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$4,950,000
Asking Price
$4,950,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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