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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,500,000
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
Exceptional Investment Opportunity at Drag Lake's Premier Property. Formerly known as the esteemed Domain of Killien, this exclusive retreat nestled along the secluded sandy shores of Drag Lake is now available for sale. Nestled on Drag Lake's coveted shores, this expansive property boasts 950 feet of sun-drenched shoreline spread over 38 acres of prime land. Now on the market, the estate features a central lodge with five spacious suites, each equipped with its private ensuite. The grand main floor offers a sprawling lounge, a well-appointed bar, an elegant dining room, and a commercial-grade kitchen - offering versatile options for potential owners. Within the grounds, discover additional amenities including a separate conference center, two additional two-bedroom residences, and seven cabins. With its evident potential for diverse usage, this unique property offers endless opportunities. Whether considered for private retreats, corporate gatherings, or as a luxurious vacation destination, this one of a kind property promises remarkable potential. Don't miss out on this exceptional chance to secure your investment in Drag Lake's desirable locale. Contact us now for details on this extraordinary commercial offering. (id:39198)
Location
Province
Ontario
City
Haliburton
Address
1282 Carroll Road
Postal Code
K0M1S0
Location Highlights
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Listed by
Chestnut Park Real Estate Ltd., Brokerage, Haliburton 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
4,750
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
N/A
Financial Information
Yearly Rate
$5,500,000
Asking Price
$5,500,000
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)
4,750
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
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Market Competition
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