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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$209,000
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
Are you looking for a perfect place to build your dream home? Look no further. Here is an affordable opportunity to purchase in one of Port Alberni's most sought after neighbourhood's, Redford Heights. This newly subdivided single family (R3) lot is located by Galiano Drive and Meares Drive. The lot has a sunset view to the west over the Alberni inlet and to the mountains beyond. It is a short walking distance to Port Alberni's West Coast General Hospital. Situated in a developed area with lovely homes and green space, you'll enjoy the proximity to amenities, schools, parks and shopping. The location is convenient and the community is friendly, with great access to bike paths and trails nearby. Lot 1 is 539 sm (-5,800 sf), with a building envelope of approx. 239 m2 or 2,572 sf. Lot 1 is most suitable for a single story structure house plan. A building height restriction will apply. There is an additional building structure set back from the easement as per geotechnical study. It is a good time to select house plans, arrange permits and contractor for a construction start in Spring2024. If you're building in a popular area, these lots allow you to invest in a location that might be out of budget otherwise! There is a good selection of smaller footprint house plans that make the most of the building envelope. This lot is a rare opportunity to own a piece of land in one of the most desirable locations in Port Alberni. Don't miss this chance to make your dream come true! Reach out today for more information Price + GST (id:39198)
Location
Province
British Columbia
City
Port Alberni
Address
3580 Galiano Dr
Postal Code
V9Y8C8
Location Highlights
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Listed by
Coldwell Banker Horizon Realty 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
$209,000
Asking Price
$209,000
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)
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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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