Canada Commercial Realty

8080d3401986e2543efb2208b11863a0

C.403.680.6130 | francislee@canadacommercialrealty.ca

LISTINGS

Hotel

MOTEL IN CENTRAL AB

Views: 452

Listing Serial No.

FH1704752781

Price

$2,090,000

Description

DESCRIPTION:     –  Extremely well maintained 44Rooms   2 bed room manger suite  1 bath, 2 car  garage & carport   , extra 40Ft  container  which can use as  storage  and  closed restaurant  & Lounge in April 2017 due to  staff issue.

-Restaurant & Lounge is ready  to operate and the VLT license also can apply which  used be 3 VLT Machine .

SITE AREA:     Situated on a  37,500Sqft  plus  25,000 Sqft  extra land  for the future development.

AGE:                                         1966 ; 10 Rooms, 1978 :32 Rooms, 1983 : Restaurant, 2004 : 2 Rooms.

REVENUE(Yearend : September 30):    2022 :$597,066, 2023: $606,126

NOI                                                     2023  : $335,368

RENOVATION  DETAILS

–  Roof : replaced  as metal  with slope from flat  tar & gravel in 2014 ( $150,000)  ,

– Paint all wall in 2020 , completely renovated the restaurant & lounge  ( floor, wall, counter & roof top, heating & air condition) in 2015,

-Replaced all beds (72) with  queen size, TV with  flat ( 32-42 ),  1st floor room  all hall way  with hard  floor, new Petch, all  room  microwave and fridge, Fiber Optical  cable ,

 

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 .