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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$450,000
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
Nestled on the charming Church Hill Road in the picturesque village of Sandy Cove, this grand century home offers endless possibilities and immense potential. Hosting views of Sandy Cove Harbour and St. Mary's Bay, this substantial property presents a unique opportunity for those seeking an exceptional residence or an entrepreneurial venture, such as a bed and breakfast. The property features 8 spacious bedrooms, 4 of which boast their own ensuite 4-piece bathrooms, in addition to 2 more four piece bathrooms adjacent to two of the bedrooms and 2 washrooms on the main floor. The expansive layout includes a large industrial-sized kitchen, a generous dining room, and a sunroom that spans the front of the house, bathing the space in natural light and affording a peaceful water view. Upstairs, a second-floor balcony offers breathtaking views, while the basement holds two rooms that once served as a bar and games room, adding a sense of history and versatility to the home. In addition to the main house, the property includes two charming cottages, affectionately named "Captain William" and "Captain Nelson," each complete with a 4-piece bath, a bedroom, and a cozy living/sleep area, with one cottage also featuring a small kitchenette. Located just minutes from a beautiful sandy beach on the Bay of Fundy side and a short drive to Lake Midway Provincial Park, this property is approximately 20 minutes from the town of Digby and its amenities. Whether you're envisioning an exceptional home or starting a B&B business, this exquisite property awaits a new owner to unlock its full potential. Opportunities like this don't come along every day! (id:39198)
Location
Province
Nova Scotia
City
Sandy Cove
Address
387 Church Hill Road
Postal Code
B0V1E0
Location Highlights
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Listed by
Exit Realty Town & Country Nova Scotia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
$450,000
Asking Price
$450,000
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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