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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,250,000
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
5883 Cowrie Street, Sechelt, British Columbia, V7Z 0K2-Phase 5 of the "Veranda" development at 5883 Cowrie Street offers a rare, fully serviced, ocean-view multifamily site in Sechelt with no competing view development land currently available. This 17,000 sq.ft. site supports up to 13 condominium units of approximately 1,500 sq.ft. each, all with southwest and easterly exposure and ocean views. Municipal water, sewer, storm, hydro, and natural gas services are already installed and in place, significantly reducing development risk and timelines. Phase 1 and 2 townhomes are completed and sold, demonstrating proven market absorption. Phase 3 and 4 lands (8 future townhomes) may be available separately. Prime central location near amenities, strong end-user demand, and scarcity of view sites make this a compelling Sunshine Coast development opportunity. (id:39198)
Location
Province
British Columbia
City
Sechelt
Address
Cowrie
Postal Code
V7Z0K2
Location Highlights
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Listed by
RE/MAX Crest 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
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
$3,250,000
Asking Price
$3,250,000
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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