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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,900
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
Do you enjoy golf? Here is a great investment property with highway access and lots of opportunities to expand your business. The property offers a 18 hole minigolf course with stationary chip hutt, ice cream parlour, large 60' x 21' storage shed and more. The chip hutt has a 16' x 9' outside freezer/cooler unit and a 8' x 8' storage shed. In the back of the property there is a big field that could be used for many things. The total property size is 12.83 acres of land and there is a lot of potential with this property. The property is also being sold with two other narrow pieces of land at the north end of the property that have been transferred together with the subject property. The Assessment Roll Legal Description for all three properties are: CORNWALL CON 8 PT LOT 12 PT RD ALLOW RP R41 PARTS 1 TO 3 RP 52R4100 PARTS 11 AND 12 ALL THREE PIN NUMBERS ARE: 601320182, 601320189 AND 601320341 There are two holding tanks on the property and the neighbour shares their well. (id:39198)
Location
Province
Ontario
City
St Andrews West
Address
4631 Highway 138 Highway
Postal Code
K0C2A0
Location Highlights
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Listed by
STORM REALTY Ontario 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
$499,900
Asking Price
$499,900
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)
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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