10860 CHEMAINUS ROAD, Ladysmith, BC, V9G 2A4Listing ID# 429463
The principal assets of Saltair Properties are 15 mobile home pads, one house and one commercial building currently leased to the Saltair Food Market. Gross annual revenue is $128,304 with a 23.5% expense ratio, including a fee for on-site management. There is 100% occupancy, and there have been no vacancies in 12 years. The asking price is based on a conservative 5.25% capitalization rate. There is expansion potential not reflected in the asking price which can enhance the value of the property by an estimated $171,000 for a capital expenditure of approximately $40,000 - i.e., a net increase in value of $131,000. A confidential valuation is available by request.
MLS? system data provided by VIREB, copyright? 2017. The information is from sources deemed reliable but not relied upon with independent verification.