Florida Jewel In The Crown Investment Property For Sale

Business description

"Gentlemen's Estate" Can be complete investment property or home with built in income for only four hours work per week.

Recession Proof 95-100% full occupancy for last four years.
20 Fenced Acres with 2 Homes both over 3,000sq.ft.
1 Bedroom Apartment
8 Trailers completely owned and rented out
6,000sq.ft. warehouse
Stables with 6 stalls, tack room and Feed Store.
6 paddocks for horses or livestock fully fenced.
Various other outbuildings.

1 x House used as a rooming house with 10 bedrooms Fully Let Includes large swimming pool
1 x House at present Owner's home but could easily be converted to additional rooming house.
Warehouse divided into 6 units, separate workshop & apartment
1,000ft. long lake with 2 islands
Gazebo, boat ramp, floating dock & Fishing Pier.
The estate is easily run by one person
All equipment is included & training will be provided for new owner
Income in excess of $150,000.00 per Annum
If used for investment with two homes as rooming houses the income would rise to nearly $210,000.00 per annum and still plenty of room for growth.We are showing a return of 12% on investment which is higher than the average in this economic climate.
Finance may be available subject to credit rating, with a substantial deposit 3.5% interest approx. $3,000 per month leaving owner with $7,000 per month mostly on cash basis, considering only 10 hours per week work required certainly a good return for your money.

ASKING PRICE $999,000.00

Property information

Real Estate:

Real Property Included

Living accommodation:

Our Home has four bedrooms, office, living room, formal dining room, kitchen, snooker room. There is a hot tub on the deck outside the lanai. three full bathrooms. Ample parking facility wi=fi installed. Georgeous view of lake from your back deck.

Location:

We have easy access to I75 only three minutes drive away. Downtown Punta Gorda is approximately 6 minutes drive. We are located only two streets from interestate yet country setting.
There is a local airport serving a variety of cities on eastcoast. Ft. Myers International Airport on 30 mins. drive giving access worldwide.
Punta Gorda also has a local airport for small aircraft but also some internal flights to various airports across the USA.

Premises details:

We have two homes on 20 acres which are fenced and cross fenced both homes over 3,000sq.ft.
One home we live in the other we rent out the ten bedrooms and this maintains a 95% occupancy at all times.
We have a 6,000sq.ft. warehouse divided into 6 units which are fully let also
a 40 x 30' workshop fully equipped.
A stable block with 6 stalls, tack room and feed store, automated water in each stall and full electric and water facilities.
Ideal for the start of an equestrian centre.
We have our own lake with two islands, 2 docks, a floating dock, gazebo, one of the islands hosts a playhouse/castle with it's own pier ideal for kids to let their imagination run riot.
This is a beautiful estate and well maintained with an easy lifestyle.

Size in square feet:

both homes over 3,000sq.ft.

Other information

Expansion potential:

There is plenty of room for expansion with twenty acres on the estate.

Competition / Market:

There is little competition in this area for the establishment that we have. We have a waiting list for people wishing to live here. Our reputation is excellent, cultured of the past five years. Many of our residents are long term over six years stay a testament to enjoying living here.

Support & training:

Full training will be offered until new owner is comfortable running the business

Reasons for selling:

Retirement wishing to return to Scotland to enjoy our twilight years with our family.

Trading hours:

We are open in this area as we suit ourselves what hours we work but no more than ten hours per week. This is mainly cutting grass and maintenance.
No need to collect rents as the guests bring it to you each Friday and this is 85% cash basis.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

This would depend entirely on the circumstances of the buyer. However is a good deposit made we would finance at 3.5% interest.
approx. equates to monthly payment of $3,000 leaving a balance of approx. $7,000 for potential purchaser a good return for only 10 hours work per week.

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$50,000 (included in the asking price)

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