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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,850,000
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
Introducing an exceptional opportunity to acquire a prime piece of vacant land, perfectly situated just over 1 kilometer from the vibrant heart of Kentville Town Centre. This strategically located property, spanning a generous expanse of just over 7 acres, is zoned R3, offering a myriad of possibilities for development within a residential context. Significant investment has already been made in the infrastructure of stormwater and sewer systems up to a certain point on the property. This crucial development enhances the property's appeal, as it lays the groundwork for a smoother and more efficient construction process for future developments. On the far left of the property, there is currently a duplex that will be subdivided off prior to closing. The exact size of the land is estimated, until subdivision is completed. (id:39198)
Location
Province
Nova Scotia
City
Kentville
Address
Lot Mr-3 Chester Avenue
Postal Code
B4N2J7
Location Highlights
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Listed by
MacKay Real Estate Ltd. Nova Scotia 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
$1,850,000
Asking Price
$1,850,000
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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