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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$250,000
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
Former church, registered under the Heritage Property Act. This massive structure, completely made of wood, is the largest wooden church in North America. To build the church the architect Arthur Regnault of France was hired. The building was constructed over a two-year period from 1903 to 1905 with the hard work of 1500 members of the local area under the supervision of master carpenter Léo Melanson. The building towers over the village of Church Point, located in the beautiful St.Mary's Bay region of Nova Scotia.. The main altar, large chandelier, candelabrums and candlesticks were brought in from France. What appears to be marble columns are actually made of wood , the walls and ceilings are covered with a painted canvas, and the huge columns are tree trunks masked by plaster covered in wooden laths. Fifty two windows, many are stained glass. Three bronze bells were imported from France, the largest weighing almost 1,800 pounds. Includes a pipe organ that is still in working order. Bones of this structure appear to be good. The building is approximately 15,000 square feet based on outside measurement. There is 13,481,000 cubic feet of air inside. Please Note: Contents do not remain. Sold as is. PID pending as a section of PID 30035117 will be severed prior to closing, the proposed approximate square footage will be 73162.3 .HST over and above (id:39198)
Location
Province
Nova Scotia
City
Church Point
Address
1713 Highway 1
Postal Code
B0W1M0
Location Highlights
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Listed by
RE/MAX Banner Real Estate 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
$250,000
Asking Price
$250,000
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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