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Benefits
Asking Price
$999,999
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
Lots of future potential value in this property! City to likely support C10A Rezoning (Tourist Commercial and Residential). LOTS of options to build here! The successful Vita Resort is just down the road. C10A zoning is in supplements. Prime location right on Lakeshore road, just steps to the lake. Current home has 4 bedrooms with suite. This is a 0.41 acre level lot in the OCP for Waterfront Neighbourhood Centre (C10A). (id:39198)
Location
Province
British Columbia
City
Vernon
Address
2611 Lakeshore Road
Postal Code
V1H1N1
Location Highlights
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Listed by
Century 21 Executives 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
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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 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
$999,999
Asking Price
$999,999
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)
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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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