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Benefits
Asking Price
$599,900
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 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)
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
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
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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
$599,900
Asking Price
$599,900
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)
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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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