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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,000
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
Fantastic opportunity to own a lakefront acreage on northern Vancouver Island! This property is part of a development that features 17 lakefront acreages along the southwest shoreline of Alice Lake, ranging in size from 3 to 30 acres with each one offering unique features and setting. Lot 11 is 12.43 acres, with two upper portions divided by the Forest Service roads and a lower portion with approx. 140ft of lowbank lakefront, providing great access for canoes, kayaks or small boats. A building area has been cleared near the lakefront, and more work could be done to clear a lake view and create an access to the lake from the building site. The upland portion of the property is designated for forestry related activities and was logged several years ago. The timber on the portion below the road is limited to cutting and harvesting for personal use, safety reasons and developing an individual property in an effort to maintain the integrity of this beautiful setting for all properties. An easement provides access to the property from the main road through neighbouring lots and continues to lots beyond this one. The Link River Campground is in the middle of the development on the lakefront and offers a public boat launch and swimming area. The properties here are designated water access only, however public access is permitted on the forest service road. Forest Service Roads are public access but must be considered a limited access generally as they are maintained by the local forestry company and the Ministry of Forests on an as required basis. The SE Main provides access to the Link River Campground as well as being used for forestry operations, and as a result this road is typically always maintained and accessible. Alice Lake sits east of the Village of Port Alice and about 25km west of Highway 19 along Highway 30. Boat access can be gained partway along Highway 30 where Alice Lake spills into the Marble River where there is a public boat launch and parking. (id:39198)
Location
Province
British Columbia
City
Port Alice
Address
Alice
Postal Code
V0N2N0
Location Highlights
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Listed by
Royal LePage Advance 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
$299,000
Asking Price
$299,000
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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