Canada Commercial Realty

C.403.680.6130 | francislee@canadacommercialrealty.ca

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Hotel

Motel at International airport with a big size of Land

Views: 146

Listing Serial No.

FH1735426129

Price

$2,490,000

Description

DESCRIPTION:                                  Two storey 48 unit motel ( 23 unis main, 25units  2nd floor)   with administration suite.                                                     .

BUILDING AREA                            15,569Sqft ( 1,446.42Sqm)

SITE AREA:                                      2.84 Acres ,  226Feet (W) X 505(N) X 236  ( E ) X 467 Feet ( S)

ZONING:                                            C3 , General Commercial  District

REVENUE  (Year end June 30)    2022 :  $237,767, 023  :  $331,578  ,  2024 :  $447,209

NET OPERATING INCOME       :  2023 : $131,968, 2024 :$264,431

SUMMARY

The subject is well located and easily accessible toa major north/south throughfare, Highway 2 which connects Edmonton and Calgary.

Huge 2.84 Acres of   C3(General Commercial District) zone of land with 2 storey 48 units of (288Sqft/room) the motel. It can be developed as clinic, Automotive Sales, restaurants and other professional office, recycling, storage etc. (Refer to the zone classification). The subject has a  6.75% site coverage ratio which  is substantially less than maximum  allowable under  the zoning regulation for the C3 Classification(30%).

 

 

 

CONFIDENTIALITY AGREEMENT

    RE :

    I hereby acknowledge that information regarding above business(es) and /or Seller(s) is being provided to me SECRECY and CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) or property through Maxwell Canyon Creek Realty Francis Lee.

    I agree that such information will be held in strict confidence, that all matters concerning the a aforementioned property will be handled through Maxwell Canyon Creek Realty Francis Lee, that I will not approach or attempt to deal with the owners or employees either directly or indirectly.

    I agree not to disclose any of the information given in connection herewith, either directly, or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purpose or to circumvent Maxwell Canyon Creek Realty in any transaction or contact with the Seller(s). I agree not to make copies any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the business.
    Further, I agree that all inquires, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Maxwell Canyon Creek Realty Francis Lee. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business or property.

    I agree that any breach of the Confidential Agreement (the “Agreement”), directly or indirectly, will be harmful to the Seller(s) and Maxwell Canyon Creek Realty . In consideration for the information given, I agree that the laws of Alberta will govern this Agreement and that all actions that may arise in law and or equity shall be brought in Alberta.

    Accepted and agreed this .