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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,100,000
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
The Highlands is calling! Located down a long, winding, private gravel driveway, you will find this huge, 9 bedroom historical home, built in 1893, in Georgetown Royalty. The 21/2 storey, Queen Anne Revival home situated on 11.2 wooded acres, with a pond is conveniently adjacent to the Confederation Trail. The property also includes a large, 1930 Shingle style pavilion (48x56), which was once a spot to dance, dine & enjoy the waterview from. The large stone fireplace is awaiting your next family & friends event at the Pavilion! The Highlands is an architectural gem which offers its new owner 9 bedrooms, (most with sinks), incredible custom woodwork, a beautifully upgraded kitchen, with granite counters, and many updates (please see list). Imagine cuddling up in the den where you will enjoy the wood burning fireplace! The primary bedroom, with includes a private bathroom is adjoined to one of the two unique turret rooms. The home will be sold with most furnishings & housewares, (including the stamped flatware & commercial grade Limoges dinnerware) making it an ideal spot for other opportunities such as a B & B, custom wedding/event venue & more- The opportunities are unlimited at this incredibly unique property! This property must be viewed to be appreciated, as it is truly one of a kind on PEI. Pre-Qualified Buyers Only. All measurements are approximate and should be verified by purchaser. (id:39198)
Location
Province
Prince Edward Island
City
Georgetown
Address
9 East Royalty Road
Postal Code
C0A1L0
Location Highlights
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Listed by
COLDWELL BANKER/PARKER REALTY MONTAGUE Prince Edward Island 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
3,343
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
$1,100,000
Asking Price
$1,100,000
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)
3,343
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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