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Long board surf loft 129,000
- 1. Good day, For all that have expressed interest I have put together some information and numbers related to the Long Board Surf Loft or Suite 19 -‐ Strata lot No. 21 of Strata VIS 4810 located at 1002 Peninsula Road at Terrace beach in Ucluelet. The Surf Loft has been under The Cabins at Terrace beach brand and management since 2004. The reason for selling the Loft is that I plan to start construction of a new home in Ucluelet spring 2015. Over the past ten years the loft has given a modest Return On Investment and has built a loyal following of return guest. All furnishings and appliances are included in the selling price. $ 129,000 is firm I would be open to the idea of keeping the Loft under The Cabins brand and management pending the situation and a Rental Management Contract. The zoning is commercial -‐ nightly rental District of Ucluelet. Strata fees cover all common property maintenance, garbage pick up, insurance, parking and hydro. Strata fees do not cover cable, Internet or district taxes. If you are looking to own a Vacation Rental Property and have access to the lifestyle & wonderful activities of the West Coast… Long Board Surf Loft 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Annual Nights Rented 195 135 122 161 117 131 158 144 132 149 Annual Occupancy % 54.00% 37.00% 33.00% 44.00% 32.00% 36.00% 43.00% 39.00% 36.00% 41.00% Annual Gross Revenue $22,264.00 $17,472.00 $16,628.00 $20,573.00 $16,478.00 $20,396.00 $24,412.00 $21,292.00 $19,790.00 $22,636.00 Management 50% $11,132.00 $8,732.00 $8,314.00 $13,286.50 $8,239.00 $10,198.00 $12,206.00 $10,646.00 $9,895.00 $11,318.00
- 2. Owner 50% $11,132.00 $8,732.00 $8,314.00 $13,286.50 $8,239.00 $10,198.00 $12,206.00 $10,646.00 $9,895.00 $11,318.00 Monthly Strata Fees $(284.00) $(284.00) $(284.00) $(284.00) $(284.00) $(284.00) $(284.00) $(333.00) $(333.00) $(333.00) Annual Strata Fees $3,408.00 $3,408.00 $3,408.00 $3,408.00 $3,408.00 $3,408.00 $3,408.00 $3,996.00 $3,996.00 $3,996.00 District Taxes $886.46 $974.22 $1,062.32 $1,144.69 $986.32 $944.66 $1,026.24 $987.65 $928.24 $1,156.77