Campers Corner RV Park
FOR SALE >
Campers Corner RV Park 10935 Trans Canada Highway, Ladysmith, BC
FOR SALE >
Campers Corner RV Park 10935 Trans Canada Highway, Ladysmith, BC
1
Ladysmith
Chemanius 1
FOR SALE > Campers Corner RV Park
Opportunity To acquire an operating RV park with significant upside potential.
Location The subject property fronts onto the east side of Trans Canada Highway at Platt Road just 4 km south of the Davis Road intersection in Ladysmith and is in immediate proximity to Stocking Creek Park & Falls. Ladysmith, located between Nanaimo and Chemainus BC, has a population of approx. 8,000 people. Ladysmith’s identity as a charming west coast town is steeped in its intriguing history and the history of the original inhabitants of the area, the people of the Stz’uminus First Nation.
Sale Price/Return $1,788,888 representing a 5% capitalization rate on existing income and a 7.3% cap rate on short-term stabilized income with further increases attainable.
Legal Description Lot 9, District Lot 72, Oyster District, Plan 8793, Except Parts in Plans 43821 and VIP59148 PID: 003-859-231
The Property
Property Taxes (2015)
Situated on 5.108 acres of forested land, Campers Corner RV Park is currently improved with 44 serviced and usable pad sites with the potential to increase to 60 sites with minimal capital outlay. A number of the sites are currently improved with accommodation (Park Models, 5th Wheel, Motorhome, Trailer) all of which are included with the sale. Additionally there are several other property improvements, several of which are rentable, including:
$3,497.40
Land: Building:
$260,000 $ 186,800
• Two cabins (one at “lock-up” stage) • Triplex • Laundry/Washroom hut • Office/Pavilion building • Unfinished loft above 5 storage lockers • 800 square foot artisan portable • Workshop
Total:
$446,800
Assessed Value (2016)
Sale Price One Million, Seven Hundred and Eighty Eight Thousand Dollars ($1,788,888)
Campers Corner RV Park has good potential to be fully occupied if managed correctly. Some of the park features include: • • • •
Pets permitted Full & partial hookups Tenting sites available Telephone & Digital Cable available
Zoning/Usage R-2 (Suburban Residential 2 Zone) Legal non-conforming. Campers Corner RV Park originated before the CVRD was created and under municipal accepted law, the zoning is accepted as lawfully non-conforming. In July 1996 the CVRD wrote a letter stating “Under the recently adopted Water Management Bylaw, Campers Corner is classified as one residential unit and a Recreational Vehicle Trailer Park/campground with forty-five sites connected to sewer, fifteen not connected to sewer, and a laundromat with one washing machine.” This letter would be considered as the CVRD’s benchmark of the non-conformance. Non-conformance can be extended by a further 25% but approvals would be necessary.
Contact: JASON WINTON +1 250 740 1060 Ext 2 [email protected] BRAD BAILEY +1 250 740 1060 Ext 1 [email protected]
Financial Info At present there are 31 tenancies with the immediate potential for 51 tenancies at very minimal capital cost. Based on the current rent roll the stabilized net operating income is approximately $128,005 based on only 51 tenancies. • •
Current Actual Net Income (31 Tenancies) Approx. $88,260 Stabilized Net Income (51 Tenancies) Approx. $128,005 This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Nanaimo).
COLLIERS INTERNATIONAL 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 Main: +1 250 740 1060 Fax: +1 250 740 1067 www.collierscanada.com/nanaimo
FOR SALE >
Campers Corner RV Park 10935 Trans Canada Highway, Ladysmith, BC
FOR SALE >
Campers Corner RV Park 10935 Trans Canada Highway, Ladysmith, BC
1
Ladysmith
Chemanius 1
Campers Corner RV Park 10935 Trans Canada Highway, Ladysmith, BC
FOR SALE >
Campers Corner RV Park 10935 Trans Canada Highway, Ladysmith, BC
1
Ladysmith
Chemanius 1
FOR SALE > Campers Corner RV Park
Opportunity To acquire an operating RV park with significant upside potential.
Location The subject property fronts onto the east side of Trans Canada Highway at Platt Road just 4 km south of the Davis Road intersection in Ladysmith and is in immediate proximity to Stocking Creek Park & Falls. Ladysmith, located between Nanaimo and Chemainus BC, has a population of approx. 8,000 people. Ladysmith’s identity as a charming west coast town is steeped in its intriguing history and the history of the original inhabitants of the area, the people of the Stz’uminus First Nation.
Sale Price/Return $1,788,888 representing a 5% capitalization rate on existing income and a 7.3% cap rate on short-term stabilized income with further increases attainable.
Legal Description Lot 9, District Lot 72, Oyster District, Plan 8793, Except Parts in Plans 43821 and VIP59148 PID: 003-859-231
The Property
Property Taxes (2015)
Situated on 5.108 acres of forested land, Campers Corner RV Park is currently improved with 44 serviced and usable pad sites with the potential to increase to 60 sites with minimal capital outlay. A number of the sites are currently improved with accommodation (Park Models, 5th Wheel, Motorhome, Trailer) all of which are included with the sale. Additionally there are several other property improvements, several of which are rentable, including:
$3,497.40
Land: Building:
$260,000 $ 186,800
• Two cabins (one at “lock-up” stage) • Triplex • Laundry/Washroom hut • Office/Pavilion building • Unfinished loft above 5 storage lockers • 800 square foot artisan portable • Workshop
Total:
$446,800
Assessed Value (2016)
Sale Price One Million, Seven Hundred and Eighty Eight Thousand Dollars ($1,788,888)
Campers Corner RV Park has good potential to be fully occupied if managed correctly. Some of the park features include: • • • •
Pets permitted Full & partial hookups Tenting sites available Telephone & Digital Cable available
Zoning/Usage R-2 (Suburban Residential 2 Zone) Legal non-conforming. Campers Corner RV Park originated before the CVRD was created and under municipal accepted law, the zoning is accepted as lawfully non-conforming. In July 1996 the CVRD wrote a letter stating “Under the recently adopted Water Management Bylaw, Campers Corner is classified as one residential unit and a Recreational Vehicle Trailer Park/campground with forty-five sites connected to sewer, fifteen not connected to sewer, and a laundromat with one washing machine.” This letter would be considered as the CVRD’s benchmark of the non-conformance. Non-conformance can be extended by a further 25% but approvals would be necessary.
Contact: JASON WINTON +1 250 740 1060 Ext 2 [email protected] BRAD BAILEY +1 250 740 1060 Ext 1 [email protected]
Financial Info At present there are 31 tenancies with the immediate potential for 51 tenancies at very minimal capital cost. Based on the current rent roll the stabilized net operating income is approximately $128,005 based on only 51 tenancies. • •
Current Actual Net Income (31 Tenancies) Approx. $88,260 Stabilized Net Income (51 Tenancies) Approx. $128,005 This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Nanaimo).
COLLIERS INTERNATIONAL 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 Main: +1 250 740 1060 Fax: +1 250 740 1067 www.collierscanada.com/nanaimo
FOR SALE >
Campers Corner RV Park 10935 Trans Canada Highway, Ladysmith, BC
FOR SALE >
Campers Corner RV Park 10935 Trans Canada Highway, Ladysmith, BC
1
Ladysmith
Chemanius 1
