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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$359,000
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
PRICE REDUCED. MOTIVATED SELLER! A fantastic LAKE VIEW building lot in the sought-after Estamont area on Westside Road. Build your DREAM HOME and take advantage of the captivating 180-degree lake views. This .38-acre LAKE VIEW lot is fully serviced and features a front driveway and a ready-to-go house-building pad at the top of the property, perfectly situated for VIEWS. The gently sloped lot is perfect for a walk-out basement design, and the two concrete retaining walls offer additional parking or space for vegetable gardens. Essential utilities are already in place, including a power pole for easy powerline transfer, a ready-to-tie-in septic system, and a waterline connection. Enjoy the convenience of a 1-2 minute walk to the semi-private beach and boat launch, ideal for family swims and picnics. Boat moorage is available for water enthusiasts. Surround yourself with abundant wildlife. Explore the numerous hiking and biking trails nearby. The original home was damaged by fire, the site is now fully cleared and ready to build your dream home. Driveway in place. (id:39198)
Location
Province
British Columbia
City
Vernon
Address
74 Elliot Road
Postal Code
V1H2E4
Location Highlights
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Listed by
RE/MAX Kelowna 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
$359,000
Asking Price
$359,000
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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