For Sale · Specialty

26 Chemin Bayshore, Brantville

26 Chemin Bayshore, Brantville, NB E9H1K9

$120,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

93%

Lot Size

10.6 ac

About this property

Former school located on Bayshore Road in Brantville close to highway 11, this building offers significant potential for a real estate development. With 15,000 square feet of space and a 34' × 70' gymnasium. Located near Néguac and Tracadie, in an area where real estate demand is growing, the property is well-suited for a residential, commercial, or mixed-use project, depending on the direction you wish to take. NOTE: You must check with the planning commission for approval and regarding any changes you would like to make to the property. Be aware the property needs major repairs. Lot is 10.6 acres. --- Ancienne école située sur le chemin Bayshore à Brantville non loin de la route 11. Ce bâtiment offre un réel potentiel pour un projet immobilier. 15,000 pieds carrés et un gymnase de 34'×70'. Située près de Néguac et de Tracadie, dans un secteur où la demande immobilière est en croissance, la propriété se prête bien à un projet résidentiel, commercial ou mixte, selon l'orientation que vous souhaitez lui donner. NOTE: Il faut vérifier auprès de la commission d'aménagement pour l'approbation et des changements que vous voudriez apporter au bâtiment Veuillez prendre note que le bâtiment nécessite de travaux majeurs. Lot de 10.6 acres. (id:66811)

Financial sandbox

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Estimate
Purchase price$120K
Down payment30% · $36K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$554

Projected NOI

$8K

Annual cash flow

$2K

Cash-on-cash

4.86%

DSCR

1.26

Going-in cap

7.00%

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

132,039

Households

62,109

Median income

$101,500

Median age

43.7

Daytime population

182,804

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for 26 Chemin Bayshore, Brantville.

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.