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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,900
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
Have you been searching for buildings and land at a reasonable price? Great opportunity for a small acreage with general agricultural zoning is now available in Elgin County. Located less than ten minutes from the shores of Lake Erie this property has a lot to offer. 5.8 acres of land featuring an updated four bedroom home with newer shingles (2019) and new furnace, a 40x80 pack barn, 20x30 insulated kiln and newer 32x100 insulated barn with floor drains, currently operating as a fruit winery with retail store and collectible shop. Commercial building on the property has hot water on demand and two additional bathrooms and a kitchen. Zoning permits many uses, contact agent for more details, don't miss your chance to own this gem of a property priced well under the million dollar mark. Be sure to check out the YouTube Video with the link provided to see if this property could work for you. Contact listing agent for more information and book your private showing today! (id:39198)
Location
Province
Ontario
City
Aylmer
Address
48995 Jamestown Line
Postal Code
N5H2R2
Location Highlights
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Listed by
SUTTON GROUP - SELECT REALTY INC., BROKERAGE 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
1,837
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
$749,900
Asking Price
$749,900
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)
1,837
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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