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1546 SAYWARD ROAD - This beautiful 7.7 acres, located in the scenic Sayward Valley, was just released from the ALR in May 2016. It is definitely one of the best managed RV/motel operations in BC & consists of a campground, RV park, motel and convenience store with rural liquor agency. In addition, there is a large 2 story private residence or rental suite. The Seller has continually maintained & improved this property to the highest standards, so there is virtually no deferred maintenance. Further, he has cultivated a list of 44 repeat corporate customers which, in addition to the private repeat occupants, ensures the continued financial strength of this operation. And, there are several sundry recurring revenue streams in addition to the normal rental revenues. Last year's financial results show a cap rate of 9.26% on the asking price & this year's revenues are increasing again. Therefore, this year's financial results should improve again for the 6th straight year & its cap rate could exceed 10%.

Property Details

  • ID: 409905
  • Storeys: 0
  • Lot Area: 7.70 Acres
  • Style: Other
  • New Construction: No
  • County: Canada
  • Status: Active
  • Living Area: 5,700

Features

Other Fireplace Present - False
Transaction Type For sale
Listed By Pemberton Holmes Ltd. (Pkvl)