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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,400,000
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
Rare opportunity - High visibility INDUSTRIAL ZONED 10.5 acre site in Shawnigan/Malahat area with active soil deposit permit in place and room to build warehouses and additional development. The property offers ease of access to Trans Canada Hwy on the south end of Shawnigan Lake Rd, 45 minutes from Swartz Bay Ferry and downtown Victoria, 15 minutes from Langford or 20 minutes to Duncan. The I-1F Rural Transition Light Industrial zoning permits storage, automotive services; warehouse; office; works yard; equipment rental; storage and repair; food & beverage mftg; brewery; garden/landscape supplies & sales; manufacturing; processing; research and development; tech centre; education centre; wood product mftg; freight handling & storage; or build out to create an income producing industrial facility with additional revenue from fill site. Interest has been expressed from a prospective tenant to lease a portion of the land for the purpose of building warehouses on the property. The site offers mountain & valley views, shop with residential suite above with tenant in place as security, well, and a new septic installed in 2010. Buyers must do their due diligence with the CVRD to ensure they may utilise the property for their intended use prior to offers presented for seller consideration. NOTE: the adjoining contiguous 400 acres across the rail line is also for sale under MLS#945565 and MLS#944307, providing a key opportunity for a site specific well planned industrial, resource, mixed use development with substantial Shawnigan Lake Road frontage and highway frontage. For further details, please contact Sandy Clark PREC* of Royal LePage Commercial - Vancouver Island (NanIsHwyN) on 250-668-9878 or email [email protected] (id:39198)
Location
Province
British Columbia
City
Malahat
Address
670 Shawnigan Lake Rd
Postal Code
V0R2L0
Location Highlights
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Listed by
Royal LePage Nanaimo Realty (NanIsHwyN) 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
$3,400,000
Asking Price
$3,400,000
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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