7474 Gaetz (50) AV, Red Deer, Alberta
I just finished uploading this Business with property for sale, 7474 Gaetz (50) AV, Red Deer, Alberta
Great location and busy motel right on the main drag on the North side of Red Deer. Many upgrades have been done over the last two years. Appriasal was done for Sevus Credit Union in 2013 and valued at $6,300,000. First Mortgage of $2,400,000 at 4% interest is ASSUMABLE as long as buyer is qualified and the seller is willing to carry up to $1,000,000. Total of 72 rooms, plus a meeting room, plus gym and Restaurant pub. The Restaurant pub is leased for $15,000 per month. Suites are in various capacities and sizes. Rooms are bringing in approximately $1,200,000. Have a look at it and have your accountant go over 3 years financials.
