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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,500,000
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 property’s location, physical and development attributes, as well as its possible future uses create an excellent opportunity for a comprehensive development that supports the residential and recreational needs of an ever growing population in this area. Located just north of Parkland Beach at the north end of Gull Lake. Close to the Marina & boat launch, playground, Jorgy's Store & Liquor store, laundromat, the public beach and a beautiful golf course. Currently there are 3 separate land titles offered for sale on this half section of land that borders the north end of Gull Lake. The 4.7 acre acreage was subdivided out of the NW quarter, and the NE 151.65 acres is an unsubdivided quarter as it touches the edge of the lake. All three titles total 309.87+/- acres and are being offered as one parcel for sale. The land has been used as pasture in the past, but could also be cultivated and farmed for crops. So many possibilities!! This property sits within the West Gull Lake Overview Plan and is zoned CR - ready for development. See documents in Supplements. Talk to the county about the number of lots that can be created here. Ponoka County is very good to work with! Sells with LINC 0032276230 and LINC 0024838971. (id:39198)
Location
Province
Alberta
City
Ponoka
Address
On Highway 771 Highway
Postal Code
T0C2J0
Location Highlights
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Listed by
Realty Executives Alberta Elite Alberta 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
$2,500,000
Asking Price
$2,500,000
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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