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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$480,000
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
The Village of Port Alice is offering for sale an oceanfront property for development into tourist accommodations. The property has a development-friendly topography with services readily available, beautiful south-west exposure and a walk-on round stone pebble beach. The property is 1.25 acres. It has a nice, gradual southern slope towards the 140ft of walk-on oceanfront. The lot is fully cleared. The purpose of the offering is to create tourist accommodations as part of the Village’s economic development plan. The property does not currently have a specific zoning designation. The Village will work in cooperation with a developer to apply the necessary zoning for not only tourist accommodations, but will also consider food and beverage services, including alcohol, for development of a kitchen, restaurant, dining room, etc. It's rare to find an open offer opportunity for consideration. Bring your ideas. (id:39198)
Location
Province
British Columbia
City
Port Alice
Address
Lot A Marine Dr
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
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
$480,000
Asking Price
$480,000
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
N/A
Market Competition
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