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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$149,900
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
UNBELIEVABLE! Deeded beach access, a few minutes walk to Tea Hill Park & no covenants on this .51 acres in Stratford, located on MacRae Drive. There are two common lots for residents on the cliffside with steps in place to go down to enjoy Tea Hill Beach. The lot has access from two different roads. Not currently serviced but Stratford has approved funding to service the area in the future. Lot was cleared in 2020 & trees were planted for future privacy! Close to beaches, golf, park, shopping, schools, sport facilities and university. (id:39198)
Location
Province
Prince Edward Island
City
Stratford
Address
Macrae Drive
Postal Code
C1B2P8
Location Highlights
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Listed by
COLDWELL BANKER/PARKER REALTY MONTAGUE 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
$149,900
Asking Price
$149,900
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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