Business with Property For Sale in Sedgewick, AB

4702 48th Ave

Price: $459,000

New Unique Pub for Sale- Includes Building + Land

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Clayton Hinkey

Ready to go with $5000 cash back at closing!

Buyer Agent Friendly

This seller is willing to negotiate commission with any real estate agent who brings an acceptable offer from a qualified buyer.

0
Bedrooms
0
Bathrooms
4,262
Square Feet
0.85 acres
Lot Size
1 Storey
Built in
2018
$3,650
Annual Taxes
Wheelchair
Accessible
Air
Conditioning
Fireplace

The nicest interior for 100kms around- huge potential as a rental hall or full time restaurant/pub. Building was formally a Canadian Legion. Over 600K invested in building, land, and renovations.

Built in 1985 this building was sparingly used, then purchased and had huge upgrades in 2018 to convert to a modern pub. Seating is currently up to 140. There are plans in place for expansion and almost everything is new in 2018. It sits on multiple lots at the end of main street and there is lots of parking- the parking lot can be built on as well. There are currently adjacent lots for sale as well.

Very good building- naturally cool in the summer and a brand new boiler for the winter.

Seller is willing to seller finance to avoid hefty bank loan fees!

No expense inside was spared with new renovations including a beautiful new ceiling, flooring, professionally crafted and installed booths, new custom bartops and large common tables custom made from Alberta reclaimed wood. A new gas fireplace with custom stonework was added as well.

6 new TV's including 2 83" 4K Tv's in the main room, with a professionally designed and installed multi zone sound system. A new small patio was added which has another added occupancy of 30.

New 14 tap beer system, new liquor gun system, new walk in cooler and custom shelving, new commercial grade freezers, fridges, new stainless counters, new gravity shelving, new bar equipment including large mug chillers, ice machine. New kitchen equipment is very modern with thought put into operating expenses- no hood fan required and no deep frying. There are 2 new Merrychefs and a Rationale oven, 3 freezers, 2 fridges, and a professionally done dishwashing station, all just over 2 years old with sticker prices of over $100,000.

New water softener system with pressure booster, new hot water tanks 2018, heating upgraded in 2000 and 2018, roof upgraded with low maintainence tin in 2008. Camera system and alarms installed 2018. New efficient parking lot lighting installed in 2019.

We have been approved and wired completely for VLT's. Large lot with lots of parking or space to build on. We can also include professional blueprints (was $7000) created for adding a 2 story hotel to the property.

Sedgewick has lots of upside potential as they have recently redone their entire downtown, added new businesses, have a successful concert series, and created a large new housing development.

Priced $200K below building price and will give $5000 cash back at closing- motivated sellers are moving from the area

Dominion Lending Centres

6.00%

Current Variable Rate

6.95%

Current Prime Rate
Please Note: Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O
Terms
Bank Rates
Payment Per $100K
Our Rates
Payment Per $100K
Savings
6 Months
6.59 %
$675.29
7.49 %
$730.93
$-55.64
1 Year
7.84 %
$753.03
6.59 %
$675.29
$77.74
2 Years
7.34 %
$721.53
6.17 %
$649.95
$71.59
3 Years
6.99 %
$699.80
5.24 %
$595.34
$104.46
4 Years
6.79 %
$687.50
5.37 %
$602.85
$84.65
5 Years
6.84 %
$690.57
4.89 %
$575.36
$115.21
7 Years
7.10 %
$706.60
6.09 %
$645.17
$61.43
10 Years
7.25 %
$715.92
6.14 %
$648.15
$67.77

Property Features

Listing ID: 506294

Property Type
Business with Property / Business / Commercial Space / Land with Building(s) / Vacant Land
Ad Type
For Sale
Parking
Assigned Parking / Parking Lot / Street Parking
Asking Price
$459,000
View Rest of Property Features

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Dominion Lending Centres
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Clayton Hinkey


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