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Institutional Property For Sale at 50 Ritcey Court in Cole Harbour, Nova Scotia

4 Sale ID #252808
Archived 11 Jul 2024

Asking Price

$1,495,000

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

Opportunity abounds with this unique property. We are only limited by our imagination, here are some examples of what you may be able to use this property for, all subject to zoning. A senior housing complex next to the church, church and land development based on the church's needs, possibly multi-unit use or subdividing the land to create several residential homes. There is city water on site and septic. Great 5 acre lot with the church that is strategically located close to amenities and beautiful beaches. Brand new septic tank and field and roof reshingled in 2022. (id:39198)

  • MLS® : #202309322
  • Date Listed : 18 May 2023

Location

Province

Nova Scotia

City

Cole Harbour

Address

50 Ritcey Court

Postal Code

B2W6J8

Location Highlights

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Listed by

Keller Williams Select Realty 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

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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 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

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Financial Information

Yearly Rate

$1,495,000

Asking Price

$1,495,000

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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