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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,980,000
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
Breathtakingly Beautiful Oceanfront Property available on Prince Edward Island. Enjoy endless views of white sandy beaches extending as far as the eye can see while you stroll and watch the sunrises and sunsets and all the summer fun activities in between. This hidden gem of a property is minutes from Thunder Cove Beach offering more stunning beaches, majestic red sandstone cliffs, trails, and a short distance to the lovely community of Kensington that offers shopping, restaurants, and most of your amenity needs. This amazing property currently features three cottages that currently are enjoyed by the owners and their weekly guests throughout the summer season and has been a successful business for the current owners for many years. This property would make for an outstanding stately home which would offer water views, ocean breezes, privacy, and serenity. The property has 2231 feet approximately on the Gulf of St Lawrence frontage and consists of 30 acres of land, so the development opportunities are only limited by your imagination. Finding waterfront land with amazing beaches and ready to create you PEI dream oasis is becoming scarcer on PEI. Cottages are being sold with all furniture and there is a maintenance barn complete with tools included. Make 732 Lower Darnley Road the address of your future. (id:39198)
Location
Province
Prince Edward Island
City
Darnley
Address
732 Lower Darnley
Postal Code
C0B1M0
Location Highlights
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Listed by
POWERHOUSE REALTY PEI INC Prince Edward Island 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
$3,980,000
Asking Price
$3,980,000
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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