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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,500,000
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
Truly magical oceanfront estate with private peninsula, pocket beach and scenic island. This incomparable 3.14 acre 136,000 sf private, treed property is the ideal setting for the ultimate sanctuary dream home for those who can afford the very best. 1040 feet of fully accessible south & west-facing oceanfront nestled between forest and rock outcroppings; spectacular exclusive walkway peninsula that juts deep into the Salish Sea; a magical Island and 2 exceptional surge channels create a symphony of soothing surf and spectacular storm-watching; front-row beach-side decks & cabana; 1300 sf seaside cavern that can accommodate a guest house, connect to your dream home, or be subdivided to its own lot. Indisputably one of the finest oceanfront properties on all Vancouver Island, under an hour from Victoria International Airport and the Ferries, minutes from Sookepoint Ocean Cottage Resort, Silver Spray Marina, and a huge Wilderness Park with 50 km of oceanfront & forest hiking trails. The current owner has filed a subdivision application to allow for two oceanfront lots. (id:39198)
Location
Province
British Columbia
City
Sooke
Address
1188 Silver Spray Dr
Postal Code
V9Z1L8
Location Highlights
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Listed by
Century 21 Queenswood Realty Ltd. British Columbia 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
$2,500,000
Asking Price
$2,500,000
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
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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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