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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,000
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
Once imagined to be one of PEI?s newest golf courses, this property is a gem on the north shore PEI with huge potential to offer. Located on Route 16, in beautiful Cable Head East, sits 188 acres carefully crafted and intentionally designed by renowned golf course designer Graham Cooke. Much thought and planning was invested into this vast lot of land, with special focus on ensuring the water flow of its Primitive Forest Areas remained intact and protected. Five man made ponds flow into the Schooner River and create active streams and give an oasis effect to the landscape. This acreage is a combination of open fields and treed stretches of land. This acreage also offers potential deeded usage of the fly-in air park adjacent to the land, complete with two perpendicular runways and use of hangar. This airpark has been named among the top 100 places to fly into, by Canada Flight Supplement. This acreage will do beautifully not only as as golf course, but anyone wishing to set up cottages, a retreat, disc golf etc. Only 1.5 KM from beautiful St. Peters Bay Village and its amenities including the new Nordic Spa, the UPEI Canadian Centre for Climate Change, mere minutes from some of the Island?s most renowned North Shore beaches and Greenwich Beach Provincial Park. (id:39198)
Location
Province
Prince Edward Island
City
Cable Head East
Address
Northside Road
Postal Code
C0A2A0
Location Highlights
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Listed by
PROVINCIAL 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
$899,000
Asking Price
$899,000
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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