Long Board Surf Loft for Sale for $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