Rare Opportunity Alert ! This Luxury Vacation Property Is Ready for a New Owner, Operational With a Small Investment of capital.


Property

Website:https://www.nestseekers.com/5436587
Address:
Saugeen Shores N0H 2L0
Canada
Ownership: For Sale
Type: Unknown

Financials

Price:C10,000,000
($7,311,800)
(€6,246,000)
Annual Taxes:C14,508

Description

Rare Opportunity Alert! This Luxury Vacation Property Is Ready for a New Owner , Operational With a Small Investment of capital. Main building with 7 units is close to occupancy with the remaining 4-5 units halfway there. Elegant design throughout and no expense spared on implementation. Market peak appraisal showing 13 million dollars! Located in the quiet, vibrant and fully serviced downtown of Southhampton- an area with mostly protected shorelines. A rare building with commercial uses directly on the pristine soulful shores of lake Huron. Area influences include the Bruce Power Plant with strong salaries and a workforce that will keep vacancy rates to a minimum. Prospectus available on request estimates $500+ nightly stays in high season and 1.8 gross revenue (after vacancy estimates based on intended operation.) Flexibility in completion plan to operate with 11-13 units total. VTB is an option at desirable rates. View unbranded video tour for a more detailed look at the property. Buyer to complete their own diligence.

Amenities

  • Available

Contact

505 Park Ave, New York, NY 10022