Half acre lakefront building lots for sale starting at $139,800 CDN. Marina and lake view lots are also available. The full development company and its assets are also for sale for $4,500,000 CDN. Owner is retiring. This development is in south-central Saskatchewan.
Individual lots are for sale and bulk lot packages to a builder will be considered. For the complete business, a new partnership or staged purchase may be considered. Global Shelters Developments Ltd. is a Saskatchewan corporation created to develop one mile of west-facing shoreline on Last Mountain Lake, Saskatchewan. Being registered in Saskatchewan allows non-Saskatchewan residents to own and develop the lands.
The development is located just over an hour northwest of Regina. The property is also less than two hours from Saskatoon, Moose Jaw, and Yorkton Saskatchewan. These four urban centres house approximately 50% of the entire provincial population.
70 subdivided lots are remaining in the two initial registered plans. There are 28 lakefront lots, 21 waterfront lots on the marina and 21 are canal lots. Natural gas and power are available to each lot and there is a cell phone transmission tower about 4 kilometers away. There is a gradual natural slope from the building platform to the water on the lakefront lots. All lots are graded for a building elevation that meets or exceeds the 1:500-year provincial flood plain. The building platform on the lakefront lots is set back from the water by at least 125 feet. This ensures all lots are protected from potential flooding. There is a large beach area along the edge of the marina separation berm. A small park exists on the northeast side of the project. The development has a Home Owner's association and there are architectural controls in place.
There is a 10-acre inland marina and a private boat launch included in the full business price. Existing boat slips are leased to current owners. There is room for up to 70 more slips which can provide another revenue source from leasing. There are also 2, one-acre parcels in the subdivision plan which are included in the price for the entire business. These are designed for use as a possible community building site and parking for the marina area. The company's revenue comes from the sale of the subdivided lots.
A purchaser of Global Shelters Developments Ltd acquires the company which holds fee simple ownership of the Sunset Acres Resort subdivided lands, marina, and related maintenance equipment. There is no third-party debt owed by the company. The overall asking price also includes the value of the maintenance equipment and buildings, the value of the marina, and the revenue potential from leasing.
For the sale of the company, the founding partners will relinquish their shares back to the corporation for cancellation. By acquiring the corporation, the new owner does not need to register a change of ownership on all the individual lot titles or any of the other assets. This reduces the upfront costs.
One of the founding partners is prepared to assist the new owner with transition of the operations of the company. There are two potential expansion parcels held by the current partners that are available for sale separately.
