Hotel In Port Hope For Sale

Description

Property type: mixed-use motel, bar and rental property

Location: Historic Downtown Port Hope, Ontario

Current status: operating income property

Land size: approximately 0.5 acre

Waterfront setting: near Ganaraska River

Accommodation

Motel rooms: 13

Rooms currently rented: approximately 10

Rental income: active

Owner-occupied living: possible

Revenue channels

• Motel room rentals
• Bar operations
• Additional rental income potential

Operations

Bar business: currently operating

Hospitality operation: established

Same ownership period: extended

Property and zoning

Zoning: COM3

Permitted use flexibility: multiple uses stated

Redevelopment potential: available subject to required approvals

Additional unit potential: stated as available

Expansion potential: subject to required approvals

Expansion options

• Renovate existing motel rooms
• Redevelop portions of the property
• Add rental units subject to required approvals
• Expand hospitality operations
• Increase motel occupancy
• Increase bar revenue

Market factors

Cameco operations: nearby employment source

Darlington nuclear plant: regional employment source

Proposed small modular reactor development: regional development factor

Esco steel foundry: regional employment source

Loyalist College: regional demand factor

Rental demand: supported by surrounding employment and institutional activity according to the seller