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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$199,900
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
Opportunity awaits with this rare and versatile propertythe former Debec Elementary School is now for sale! Nestled on a picturesque 4.5-acre lot in the village of Debec, just 15 minutes from Woodstock, this expansive 12,408 sq. ft. brick building offers endless possibilities and is truly a blank canvas ready to bring your vision to life. Whether you dream of opening a private school, an arts academy, an English as a Second Language Learning Centre, or simply converting the space into apartments, this property can accommodate it all and you are only limited by your imagination! The main building currently houses six spacious classrooms on the upper level, one additional classroom in a portable, and another downstairs, along with a large gymnasium and a kitchen space. Built to support a student population of up to 180, the infrastructure is solid and well-planned. The drilled well and septic system will handle all you can throw at it. The potential here is limitless, let your imagination run wild! *HST is applicable and not included in the price. Vendor is a licensed REALTOR® in the province of New Brunswick. (id:39198)
Location
Province
New Brunswick
City
Debec
Address
Debec
Postal Code
E7N3B1
Location Highlights
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Listed by
REMAX East Coast Elite Realty New Brunswick 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
12,408
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
$199,900
Asking Price
$199,900
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)
12,408
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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