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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,900
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
Situated just 5 minutes north of Carleton Place, this picturesque lot spans 91.6 acres of agricultural land with easy road access From Drummond Road and Ramsay Concession Road 8. Intended to be farmed or used for agricultural purposes only - farm the land yourself, or lease to a neighbouring farmer (currently leased at $4,300 for 2024). A severance application is in progress and this parcel will receive its own PIN, Roll Number, and Legal Description once it is complete. A severance application is in progress and this parcel will receive its own PIN, Roll Number, and Legal Description once it is complete. A condition of the severance will require the lands to be re-zoned to prohibit the construction of a dwelling. The lands can be used for agricultural purposes. Agricultural buildings are permitted, subject to complying with all municipal and provincial policies for setbacks, lot coverage, minimum distance separation to nearby residential uses, etc. Please call for more info. (id:39198)
Location
Province
Ontario
City
Almonte
Address
00 Drummond Road
Postal Code
K0A1A0
Location Highlights
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Listed by
REAL BROKER ONTARIO LTD. 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
$699,900
Asking Price
$699,900
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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