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100 Sunset Acres Ln

50 Acres of Residential Land Offered at £2,484,021 in Cymric, SK S0G 0Z0

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Investment Highlights

Inland marina is the only private one on the north end of the lake. A separation berm protects activity in the marina.
All building lots have a building platform that meets or exceeds the 1 in 500 year provincial flood regulation.

Level site grade eliminates potential for slumping. Regular site maintenance is in place.

Executive Summary

There are 28 lakefront, 21 marina and 21 canal lots for sale. The lots are for sale as individual building lots, as a group of lots for an investor/builder or as a complete business. Some of the subdivided properties have been sold to individual owners and there are dedicated municipal lands. The OWNERS ARE RETIRING. Any individual lot purchaser or group lot purchaser must adhere to the development architectural controls and Home Owner's association requirements. A potential purchaser of the entire business will acquire 100% ownership of Global Shelters Developments Ltd (GSD). A new partnership or staged purchase of the business may be considered. Global is the developer and fee simple owner of all the Sunset Acres Resort lands. There is no third party debt registered to the development. GSD was incorporated specifically to develop the Sunset Acres property. There are two "community" one acre parcels. There is also a ten acre inland marina and potential revenue from marina slip leases. There are 12 slips currently leased and room for up to 70 more. There are also storage facilities and maintenance equipment included in the business. Company revenue comes from sale of the building lots and leasing of marina slips. Saskatchewan non-residents are able to own and develop the lands as the corporation is registered in Saskatchewan.
Upon purchase of the business, the founding partners will relinquish their corporate shares back to the company so they can be cancelled. By acquiring the corporation, the new owner automatically acquires all the development lands (as described), and miscellaneous equipment. This approach eliminates the necessity of registering the new owner against all the individual, subdivided titles. The new owner will also acquire responsibility for the Home Owner's association. There are architectural controls in place for the development and there is an on-site resident that acts as the site manager and maintenance person. One of the current partners is willing to provide assistance during the transition period.

Reg. Plan 102160628 Sunset

2023 Lot Sale Revenue Projection Sept 2023

Property Facts

Price	£2,484,021	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Conditions	Business Value Included	Total Lot Size	50.00 AC
No. Lots	1

Price	£2,484,021
Sale Type	Investment
Sale Conditions	Business Value Included
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	50.00 AC

1 Lot Available

Lot Multiple

Price	£2,484,021	Lot Size	50.00 AC
Price Per AC	£49,680

Price	£2,484,021
Price Per AC	£49,680
Lot Size	50.00 AC

The development known as Sunset Acres Resort is the main asset of the company. There are 70 building lots, and maintenance equipment for sale as a business for $4.5M CDN. Individual lakefront, marina and lake view lots remain for sale.

Description

Two plans of subdivision are in place with a total of 89 residential lots, municipal reserves and two community parcels. 70 building lots are still available with a mixture of 28 lakefront, 21 marina and 21 water canal lots. All surveyed lots are 75 feet wide with a typical depth between 250 and 300 feet. Every building lot has been graded to meet or exceed the provincial 1:500 flood plain and there is a building platform on which lakefront homes are to be located. The overall lakefront is gently sloping to the water from the building platform. The platform is set back from the lake at least 125 feet or more. This helps to eliminate the potential for flooding of lakefront properties. Marina and water canal lots are graded to permit walkout basements if desired. A 10 acre inland marina with private boat launch and leased docking slips is in place and owned by the company. There is a beach area extending about 1,600 feet in length opposite the marina protection berm. There is natural gas and power at the property line for each site, and a new cellular tower is about 4 kilometers away. There is limited street lighting to enhance the night sky. The development is accessed off a typical rural grid road. The interior road in the development is gravel. There is a small park in the northeast end of the development. The site is between one hour and two hours from Regina, Saskatoon, Moose Jaw and Yorkton. These four urban areas make up almost 50% of the province's population. There are two expansion parcels owned by the partners that can be made available at a negotiated cost. One of these has power and natural gas available and would accommodate up to 40 more building sites. The second parcel is large enough for the development of a golf course and some rural acreages.