Business For Sale · Office

1 BROOKSIDE Road, HATCHET COVE

1 BROOKSIDE Road, HATCHET COVE, Newfoundland & Labrador A0E2A0

$599,900 total

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

89%

Year Built

2012

About this property

Welcome to an exceptional property in Hatchet Cove, nestled in the heart of Trinity Bay and offering an incredible combination of space, privacy, recreation and convenience. Set on approximately 7 acres, this unique property features an impressive 6,000+ sq. ft. chalet-style building, expansive grounds, a private golf area with putting green, and outdoor spaces designed to take full advantage of the beautiful surroundings. The chalet offers an abundance of space and endless possibilities, whether you're looking for a private recreational chalet, year-round cottage, family retreat or unique investment opportunity. The main level features an incredible wrap-around deck, providing plenty of space for outdoor entertaining, relaxing and taking in the surrounding landscape. A rooftop deck overlooking the golf course area adds another spectacular outdoor space and creates the perfect spot to enjoy morning coffee, evening sunsets or gatherings with family and friends. Golf enthusiasts will appreciate having your own private putting green right on the property, while the expansive acreage provides plenty of room for outdoor recreation, ATVing, entertaining and enjoying the great outdoors. Location is another major highlight. Situated in the heart of Trinity Bay, you're just minutes from the ocean and approximately 5 minutes from St. Joan's Within, where you can enjoy boating, fishing, sightseeing and local tours. Clarenville is approximately 15 minutes away, offering a hospital, shopping, restaurants, services and winter recreation including skiing. For those travelling from further away, the property is approximately 2 hours from St. John's and 2 hours from Gander, making it an ideal destination while remaining accessible to major centres. Whether you're looking for a peaceful place to escape, an impressive year-round property, a family gathering destination or a recreational getaway with room to roam, this property offers an opportunity unlike anything else in the area. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$3K

Cash-on-cash

1.68%

DSCR

1.09

Going-in cap

6.05%

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.

Area demographics

Trade area within 3 miles of the property.

Population

101,123

Households

47,884

Median income

$63,500

Median age

40.1

Daytime population

103,210

5-yr growth

5.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1 BROOKSIDE Road, HATCHET COVE.

NDA required
  • 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.