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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$79,900
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
(VIDEO - Click on the Multi-Media Link) Experience luxury waterfront living at Sunbury Cove Estates, Prince Edward Island. Nestled on 240 acres, this prestigious waterfront community offers an idyllic haven for relaxation and rejuvenation. Immerse yourself in breathtaking panoramic views, with the Northumberland Strait's glistening waters and golden sunsets forming a perfect backdrop. This sought-after location near Summerside and Slemon Park Airport provides year-round accessibility. Sunbury Cove Estates, PEI's premier luxury community, features underground services for most lots. Each lot promises a slice of paradise, boasting vistas that include the iconic Confederation Bridge and two charming lighthouses. Phase 1 saw rapid sell-out, and Phase 2, launched in 2021, has garnered similar demand. Strang Road is now a government-maintained thoroughfare, ensuring easy access. Enjoy abundant amenities that elevate your lifestyle. Pristine beachfront, freshwater streams and privately maintained roads invite outdoor exploration. On-site maintenance personnel offer services such as grass cutting, snow removal, and security walk-throughs. The property management team ensures seamless operations while High-Speed Internet service, including Fiber Optic connectivity, keeps you connected. Sunbury Cove Estates caters to outdoor enthusiasts, offering diverse activities like strolling along picturesque trails, boating, kayaking, canoeing, and water skiing on the tranquil Northumberland Strait. Choose your haven from available lots: Waterfront lots at $169,900 and Backlots at $79,900. Backlots 09-27, 28, 29, 42, and Waterfront lots 09-32, 33, 35, and 43 through 46 await your vision. 15% HST applies to the purchase price unless you are an HST registrant. Wow! 24 HOUR A DAY OPEN HOUSE® ON VIDEO! Click on the Multimedia Link to view the YouTube video. The listing agent is a company shareholder, presenting this exceptional oppo (id:39198)
Location
Province
Prince Edward Island
City
St. Nicholas
Address
St Nicholas
Postal Code
C0B1B0
Location Highlights
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Listed by
CENTURY 21 NORTHUMBERLAND 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
$79,900
Asking Price
$79,900
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)
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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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