Business For Sale · Specialty

2795 West Lake Ainslie Road, West Lake Ainslie

2795 West Lake Ainslie Road, West Lake Ainslie, NS B0E1N0

$1.8M total

—

Asset Class

Specialty

Size

—

Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

84%

Year Built

2002

Lot Size

108.02 ac

About this property

A unique East Coast investment with 1000 feet of lake frontage on sought after Lake Ainslie being sold by its original owners. A wonderful opportunity to own and operate an impressive and well established - 7 bedroom, 9 bath, 24 yr old Country Inn, in the West Lake Ainslie community. This amazing property combines spacious accommodations and quality construction including ICF walls with 9 foot ceilings on main and upper level, a metal roof, hot water baseboard heating and great attention to construction detail. Inside you will be welcomed by a wonderful and inviting spacious floor plan which includes an impressive working kitchen that is engineered for efficient prep work, heavy cooking and easy clean up. Heavy duty appliances and ventilation. The guest dining area can accommodate 24 guests and features a walk-out to verandah, a wood burning fireplace and convenient 2 piece bath. Cozy living room area with gleaming hardwood floors and large picture windows. The main floor also features a 2nd dining room area, 2 bedrooms with private 4 piece baths and an office. The Upper Leve has 5 additional guest bedrooms with 4 piece private baths offering relaxing jet tubs. 1 bedrooms with a Fireplace and a few with walk-outs to verandah where you can relax and take in the beautiful panoramic views on of Lake Ainslie. There is also an upper loft allowing for future expansion or art studio. The expansive basement offers excellent additional space for the operation of an inn including a food storage area laundry facilities, workshop with exterior access and plenty of additional storage. The Tulloch Inn is surrounded by the natural beauty of Cape Breton and presents an exceptional opportunity for those looking to operate an Inn, pursue a hospitality venture, or explore the possibilities of this unique property. Fabulous location providing easy access to the infamous Cabot Trail, village of Inverness, Inverness Beach, Cabot Links Golf Course, fishing, boating and much more. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$91K

Annual cash flow

$-8K

Cash-on-cash

-1.56%

DSCR

0.92

Going-in cap

5.07%

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

127,853

Households

57,076

Median income

$128,500

Median age

33.4

Daytime population

122,271

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 2795 West Lake Ainslie Road, West Lake Ainslie.

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.