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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$475,000
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
5 Free Hold Lots for Sale. This Development has its PLR (PLA) in place with Final Registration hopefully in place by the end of January 2024. Lot Sizes Range from 2.47 Acres to 2.69 Acres in size. Proposed Lot 6 is 2.69 Acres. Properties are flat and useable. Zoning is RR2 which allows for Agriculture - Horses and Hobby Farms. Come and live the life you want. Lots are located approximately 7 minutes out of Sooke Center. Ask for information on Development, Wells etc. Price is plus GST. The Developer will be increasing the price of this by $25,000 on October 1st. ROPOSED LOT 5 AND 6 HAVE ACCEPTED OFFERS. (id:39198)
Location
Province
British Columbia
City
Sooke
Address
Prp. Lot 6 3542 Otter Point Rd
Postal Code
V9Z0K1
Location Highlights
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Listed by
RE/MAX Camosun British Columbia 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
$475,000
Asking Price
$475,000
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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