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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$119,000
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
Are you someone who enjoys nature, walking through the woods, bird and wildlife watching? How about walking your property and spotting a moose, deer, or flock of Canada Geese? Can you picture yourself sitting on a wooden bench with your fishing rod in the water on a warm summer day? If so, then this is the property for you! This is a unique 65.5-acre property with lots of potential! Not only is this a sizable rural property its located at the top of a hill with a beautiful view of the landscape. A government road is in place with a bridge which gives you access to the lot off the Wells Brook Road. The cleared ground (about 20 acres) is dry, and the remainder of the parcel is treed complete with wood road in place. To make it even better there is a readymade racetrack already set up. This horse racing track was developed by the current owner as a training site for racehorses. It is a luxury to have access to water and the perimeter of this land is surrounded by water, known as Wells Brook! This is a perfect place to go fishing trout. Aside from building a dream home on the land only 15 minutes from Miramichi City, this property would make an excellent investment. From a business perspective this is a GREAT area to farm and raise animals. Other opportunities may include developing a campground for recreational vehicles and tenting, glamping, or the extremely popular geodesic dome retreats. With the track in place, it could be easily used for a dirt bike, car, or horse raceway (id:39198)
Location
Province
New Brunswick
City
Black River Bridge
Address
-- Wells Brook Road
Postal Code
E1N5S7
Location Highlights
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Listed by
KELLER WILLIAMS CAPITAL REALTY (M) New Brunswick 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
$119,000
Asking Price
$119,000
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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