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$1.9M total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
99%
Lot Size
1.69 ac
Fantastic opportunity to live right on the water and be in control of your business and lifestyle, just as these owners have done for years. The well-established marina has had tremendous success with incredible opportunity for further future growth. Possibilities include running as a marina, including snowmobile, boat, and personal watercraft sales, selling manufactured docking systems, etc. The current owners provide repairs to all makes and models of boats, personal watercraft, indoor and outdoor storage, shrink wrap and winterization, dock rentals, upholstery boat seats, boat tops and covers, marine parts and services and Pontoon restoration. Approx. 8600 sq. ft. of enclosed storage space, 14 ft. high inside set up into 4 bays. Perfect for off-season indoor storage and/or manufacturing. Approx. 1250 sq. ft. of heated shop 9 ft. high inside. Approx. 1200 sq. ft. showroom with 8 ft. door. Approx. 255 sq. ft. upholstery room. Customer 3 pc bath just being renovated. The owners' 3-bedroom home above the shops is beautifully maintained and updated with fantastic views over the docks and water. The owners plan on moving close by and are willing to stay on as employees or to help transition the business seamlessly. Water out under the docks is leased from Parks Canada with a 'Docking Facilities License' for $440.00 plus HST and transferrable. This is the perfect opportunity for those wanting to create their own future and build a business and life they love. (id:66811)
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Monthly debt service
$9K
Projected NOI
$105K
Annual cash flow
$2K
Cash-on-cash
0.42%
DSCR
1.02
Going-in cap
5.67%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
95,159
Households
35,414
Median income
$88,000
Median age
44.5
Daytime population
150,935
5-yr growth
2.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 70 MARINE DRIVE, Trent Hills.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.