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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,500,000
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
120 acre property! Unbelievable one of a kind. This property is like no other in the area with tremendous potential, close proximity to the prospering city of Vernon, and established developments of Sunset Properties, Predator Ridge and Sparkling hills resort. Currently three individual 40 Acre titles that run contiguously. The 120 acres is comprised of some sloping benches rocky faces and almost endless potential lake view sites. Long term holding property in a growing area or private three property estate. Buy now and build your estate view home. Minutes to 3 public beaches. Access off of Eastside road. City water and power services are at the lot line from Eastside Road and the sewer line already runs through the property from Predator Ridge to Eastside road. Alternative access easement through neighbouring property can be purchased. Ask Russell for more details on this. The current road access may be too steep to use. Buyer to confirm. The properties are in 3 separate titles but can not be sold off separately at this point as only one title has frontage. (id:39198)
Location
Province
British Columbia
City
Vernon
Address
0000 Eastside Road
Postal Code
V1H1K8
Location Highlights
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Listed by
Century 21 Executives Realty Ltd British Columbia 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
$1,500,000
Asking Price
$1,500,000
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
N/A
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