Last updated on November 22nd, 2024

Stunning Lakefront Wedding Venue - Fantastic

$6,600,000 Price Per SF $468.85

[Address Withheld], Lake Wales, Florida 33898


Documents
  • Stunning Lakefront Wedding Venue Flyer.pdf (12.0 MB)   view   download
Building Size14,077 Square Feet
Land Size10.87 Acres
ZoningLR - Unincorporated Polk City
Parking30 Spaces
WaterAvailable
SewerSeptic
ElectricAvailable
Year Built1925
Roof2019 New Roof

We are pleased to present this majestic Wedding Retreat and Lodging venue in Central Florida. This is STRICTLY a sale, lease back opportunity, offering an absolute triple net, long term lease with possible renewals. With 250+ events already scheduled in 2025, and consistent bookings coming for 2026 and beyond, this venue offers a consistent monthly return to an investor, while being self sustaining and cared for by the tenant.

The property almost defies description, offering a gorgeous, historic main building with inside capacity for 200 people, a reception and bar area, caterer's kitchen, phenomenal bridal dressing/green room, and also a wonderful office area. On the second floor are 12 distinctly individual rooms for wedding guests, including the bridal suite.

With over $200,000 spent in capex and upgrades over the past two years, the venue has established itself as one of premier wedding destinations in Central Florida, and indeed the State. This initial offering consists of an offer for a 25 year absolute triple net lease, with a $30,000 per month lease payment.

  • Lakefront Wedding Venue in Central Florida offered as a long term leaseback. This is a high end wedding or event venue with breathtaking views and spaces, with 12 individual guest suites.
  • 5.5% cap rate with (proposed) 25 year, absolute NNN lease. Owner benefits from steady monthly income and an appreciating asset, in one the fastest growing areas in the United States.
  • Tenant assumes all responsibility for maintenance, upgrades and upkeep on the building and grounds.
  • Tenant P & L's demonstrate a strong 2023 & 2024 performance, with 250+ events already scheduled for 2025, with bookings extending into the following years.
  • Additional property information, P and L statements available, as well as future forecasting with signed Non Disclosure Agreement.
  • 14,077 SF building on 2 lakefront parcels totaling 10.87 acres. First floor features the main lobby, banquet room with seating up to 160 people and general capacity to 200, a prep kitchen, cocktail and bar rooms with a bridal dressing/green room, and offices.
  • The second floor features 12 distinct guest suites, many of which have been fully renovated, including a gorgeous bridal suite. There is a mix of studio rooms, rooms with kitchenettes, and rooms with living rooms and kitchenettes.
  • Public utilities for water and electric. Property has 4 (3,000 gallon) septic tanks. The drain field was re-done in 2019.
  • Roof was also re-done in 2019. There are 6 HVAC units ranging in ages.
  • $200,000 spent in capex improvements to the property in 2023 & 2024, including room and landscaping upgrades.
  • Survey available. Floor plan available for 1st and 2nd floors. CAPEX list available.
  • Within minutes of Winter Haven, Legoland and Bok Tower Gardens, 20 miles to Lakeland, and approx. 50 miles to Tampa or Orlando, theme parks and beaches.

For more information please visit: SVN Saunders Ralston Dantzler


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


Powered by TotalCommercial.com