Fully Air Conditioned
Other
Acreage
$10,000,000
Rare Opportunity Alert! This Luxury Vacation Property Is Ready for a New Owner , Operational With a Small Investment of capital. Main building with 7 units is close to occupancy with the remaining 4-5 units halfway there. Elegant design throughout and no expense spared on implementation. Market peak appraisal showing 13 million dollars! Located in the quiet, vibrant and fully serviced downtown of Southhampton- an area with mostly protected shorelines. A rare building with commercial uses directly on the pristine soulful shores of lake Huron. Area influences include the Bruce Power Plant with strong salaries and a workforce that will keep vacancy rates to a minimum. Prospectus available on request estimates $500+ nightly stays in high season and 1.8 gross revenue (after vacancy estimates based on intended operation.) Flexibility in completion plan to operate with 11-13 units total. VTB is an option at desirable rates. View unbranded video tour for a more detailed look at the property. Buyer to complete their own diligence. (id:49269)
Business
|
Business Type
|
Accommodation |
|
Business Sub Type
|
Cottage/Cabin Rental |
Property Details
|
MLS® Number
|
X13041094 |
|
Property Type
|
Business |
|
Community Name
|
Saugeen Shores |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Type
|
Other |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
Yes |
|
Size Depth
|
304 Ft ,8 In |
|
Size Frontage
|
66 Ft |
|
Size Irregular
|
19762.52 |
|
Size Total
|
19762.52 Ac |
|
Size Total Text
|
19762.52 Ac |
|
Zoning Description
|
C4 |
https://www.realtor.ca/real-estate/29653216/20-front-street-saugeen-shores-saugeen-shores