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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$129,000
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
A 1.2 acre corner lot that is perc tested category 1, with covenants in place to protect your investment. Enjoy unobstructed water views and water access. This property has continuous unobstructed waterfront access with a small space between the property and the water that is owned by the homeowners association who take care of lawn mowing. Just a 5 minute drive to Stratford and a 9 minute drive to Charlottetown. This property is situated at the intersection of Rebecca Lane and Heritage River Road, just off Fort Augustus Road in Mermaid. This truly is a beautiful property in a well-kept neighbourhood. (id:39198)
Location
Province
Prince Edward Island
City
Mermaid
Address
Lot Rebecca Lane
Postal Code
C1B4K5
Location Highlights
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Listed by
RE/MAX CHARLOTTETOWN REALTY Prince Edward Island 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
$129,000
Asking Price
$129,000
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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