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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,375,000
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
Welcome to the Hillsdale House Inn! A luxurious country estate nestled in the Historic District of Annapolis Royal, Nova Scotia, on 12 acres of waterfront & lush grounds. This impressive landmark property boasts 13 beautifully appointed guest rooms each with private ensuite bathrooms, plus a large fully-stocked commercial kitchen, a spacious Innkeepers suite, an elegant dining room with seating for 34 guests, two formal parlours, and a large private veranda. Pride of ownership over the years is evident in the maintenance and sensitive upgrades on all 3 levels, in keeping with the stunning architectural details of the interior and exterior. Elegantly curated with antique furnishings throughout (included), the Hillsdale House Inn is a first class venue for weddings, business meetings, and other special events that can be tailored to the guests needs. This turn-key property has seen many renovations over the last 2 years including commercial kitchen appliance upgrades, restoration of antique wall morals, replastering and painting many interior rooms, various guest room upgrades, to name a few. A full list is available upon request. Since the mid 1800s, the Inn has welcomed numerous dignitaries including the Prince of Wales (King George V), various Lords & Ladies, and Prime Minister MacKenzie King, and continues to be a top choice for visitors, locals and business delegates. An efficient booking system and solid track record of reservations, ensures this award-winning Inn will continue to be a viable business opportunity for years to come. Check out the Matterport video. (id:39198)
Location
Province
Nova Scotia
City
Annapolis Royal
Address
519 St George Street
Postal Code
B0S1A0
Location Highlights
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Listed by
RE/MAX Banner Real Estate Nova Scotia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
N/A
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
N/A
Financial Information
Yearly Rate
$1,375,000
Asking Price
$1,375,000
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.
N/A
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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