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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$450,000
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
This beautiful 2.2 Acre, partially cleared Lot is ready for your new Home. Situated on a cul-de-sac, for little traffic & wonderful privacy, while being within minutes of the 401, Cobourg & Grafton, home of the famous St. Anne's Spa. Grafton is an area of fine homes but with small town charm and quick access to Lake Ontario & the Conservation Area. Steady income from the solar panels will continue until 2032. Buyer to assume solar contract. Solar income averages $10,000 per year. Tax amount based on vacant land. Buyer to do their due diligence regarding permits, fees, building, taxes and solar panels. Development fees paid at the time of severance - any increases in fees are Buyers responsibility. Income history & Survey Available. HST applies to sale, however, Buyer must register for HST to assume solar panel contract. Plz do not walk the property without an appt & permission. (id:39198)
Location
Province
Ontario
City
Alnwick/haldimand
Address
Lot 4 Barnum House Rd
Postal Code
K0K2G0
Location Highlights
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Listed by
REAL BROKER ONTARIO LTD. Ontario 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
$450,000
Asking Price
$450,000
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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