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Institutional Property For Sale at 149-151 Pictou Road in Bible Hill, Nova Scotia

4 Sale ID #141878
Updated 30 Apr 2024

Asking Price

$599,900

Cap Rate help 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 enduring property has been an important part of the greater Bible Hill community for decades and offers a great opportunity right in the heart of the Village. The possibilities are endless in this high visibility location. The approximately 3/4 acre property has two buildings on it with lots of paved parking area. One building is approx 40x93 and is currently used as a church. It does have open space on both levels as well as office space. There is also a small usable attic area. The second is used for church related activities and is approx 31x70. It is finished on both levels and has mostly open space on both levels. The zoning is institutional and allows for a variety of uses including office, governmental, medical, educational, religious, arts and cultural etc. For specific guidelines and allowed usages, see Colchester County land use bylaw. (id:39198)

  • MLS® : #202313770
  • Date Listed : 05 Jul 2023

Location

Province

Nova Scotia

City

Bible Hill

Address

149-151 Pictou Road

Postal Code

B2N4L7

Location Highlights

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Listed by

Royal LePage Truro Real Estate Nova Scotia listing

Category

institutional-properties

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$599,900

Asking Price

$599,900

Cap Rate help 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.

N/A

NOI help 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 help 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 help 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

N/A

Market Competition

N/A


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