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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$125,000
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
.68 Acres of WATERFRONT PROPERTY on Lake Erie near Port Glasgow Ontario with mature trees, access by ladder to a private beach, and the sale includes a 28 ft Keystone Loreto 2007 5th wheel with triple bunk shower/bathtub split, outside shower, large tip out for kitchen and living room, sleeps 7 with master up front and upgraded mattress, AC/heat both work, new tires and rims in 2023, steel frame not wood, not leaking, and fully maintained, Hydro goes right through the property and is landscaped to be perfect for a 2nd camper. Potential to split the lot. Property is on the erosion line so this is not buildable land. Contact the municipality about possibilities for a no foundation, removable structure being installed on the lot such a cabin. Propane currently runs the stove and a Champion 3550 watt generator is included in the sale that runs the fridge, lights and all electrical with no problems for 12-15hours. Take getting in tune with nature to the next level with the beautiful views of stunning Lake Erie while encountering wild turkeys, deer, possums and eagles often perching on trees. The property is beside 2 big walking trails, Port Glasgow 3 mins up the road to hit a restaurant, beach, boat launch and marina. Close to West Lorne and Rodney with grocery stories and conveniently located off HWT 2, just over 30 mins to London. Directions: Hwy 3 west from st thomas to little village of eagle, second side rd (mistle) turn left at stop then left to gray line. Half a km on right second driveway. Follow the Leishman Team Royal LePage signs. Once you have turned, heading towards the lake, the road will curve off to the left and look for The Scott's sign. (There isn't a GPS address that you can put in) (id:39198)
Location
Province
Ontario
City
West Elgin
Address
Lot 5&6 Margaret Street
Postal Code
H0H0H0
Location Highlights
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Listed by
ROYAL LEPAGE TRILAND REALTY, BROKERAGE 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
$125,000
Asking Price
$125,000
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)
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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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