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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,100,000
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
192 acre Equestrian farm in West Grey. 1.5 storey home with 4 bedrooms, 2 bathrooms, and an addition. Main floor consists of: kitchen with island and dining room; good sized living room with electric fireplace and French doors leading to deck, and entrance to the mudroom; master bedroom with double closets; two 3 pc bathrooms, one recently renovated and complete with shower and laundry room, the second has a jacuzzi tub. Second floor has 3 good sized bedrooms, the largest bedroom has 4 closets. Lower level has finished family room walk up to main floor, and the balance is undeveloped storage and utility room for combo wood/oil furnace, hot water, water softener, and wood storage. The east deck has a hot tub with gazebo, there is also a deck on the west side. This cash crop/beef farm was an equestrian facility 12 years ago. It has an indoor riding arena 60' x 120' (currently used for storage) with an addition containing stalls and a heated viewing room, as well as an outdoor sand ring 120' x 240'. Having hosted hunter/jumper shows in the past, this property has it all. Additional outbuildings include: building 1: a lounge room 37' x 16'' with a kitchen and storage room being 31'x30'; building 2: an implement shed 35'x33'; building 3: 30'x61' hay storage shed; and a bank barn 62'x40' set up for loose housing with a manger and fenced concrete yard, and a 14'x20' addition used as a chicken coop; and a steel upright grain silo (3500 bushels). This all is contained on 192 acres with approximately 92 workable, the balance being primarily cedar bush with very little hard wood. (id:39198)
Location
Province
Ontario
City
West Grey
Address
383318 Concession Road 4
Postal Code
N0G1R0
Location Highlights
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Listed by
WILFRED MCINTEE & CO LTD Brokerage (DUR) Ontario 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
2,310
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
$3,100,000
Asking Price
$3,100,000
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)
2,310
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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