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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$999,000
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
This charming 17-acre country estate residential building lot offers the perfect combination of privacy and natural surroundings. Nestled on the outskirts of Cobourg, this property boasts a spacious fully wooded lot spanning across a picturesque 17 acres. It not only provides an ideal location to build your country estate on the outskirts of Cobourg, but also generates over 25K+ in income/year and in addition to being zoned for residential building, this property has the advantage of allowing for additional zoning uses such as a hobby farm, horse farm, greenhouse, Bed & Breakfast and many others. Property is mins to 401, Downtown Cobourg, Beach, Parks, Harbour, Golf Courses, Schools, Hospital & VIA Station. **** EXTRAS **** 25k+ Inc (Tower leases w/Rogers & Bell Canada).Buyer to pay Municipal ""Development Fee's"" & HST. Buyer Is Advised To Do Their 'Due Diligence' & satisfy all permits & authorizations relating to the Buyer's use of the property are available. (id:39198)
Location
Province
Ontario
City
Cobourg
Address
Pt 4 Hill 60 Rd
Postal Code
K9A4J8
Location Highlights
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Listed by
RE/MAX LAKESHORE REALTY INC. Ontario 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
$999,000
Asking Price
$999,000
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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