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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$140,000
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
Decourcy Island Building Lot. This .81 of an acre property rectangular in shape with 160 ft of frontage & 228 ft deep on one side offers downward sloped topography towards the rear of the lot that backs onto a unique estuary that leads out to the cove. Ideally situated on the island close to water access (Russell Place) and just minutes from Pirates Cove Marine Park, which offers a private marina called “Russell Landing Marina” open to residents that also has a Float Plane dock. Decourcy Island offers potable water at the park well, commercial wharf w/crane hoist for offloading materials, community association with their own fire department and a tranquil and serene lifestyle with off grid living with no ferry service. Easily accessible boat access from Boat Harbour, Cedar, or Gabriola Island for weekend getaways and summer vacationing. The surrounding area offers excellent fishing, crabbing, prawning and all the sightseeing and exploring you want to enjoy! This is a great opportunity to own a piece of paradise. GST applicable (id:39198)
Location
Province
British Columbia
City
Decourcy Island
Address
380 Cardale Rd
Postal Code
A1A1A1
Location Highlights
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Listed by
RE/MAX of Nanaimo 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
$140,000
Asking Price
$140,000
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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