Contact us today for more information or a viewing!
- 16 Koihok Maghagak Crescent, operates as Ublu Inn, now is your chance to own Cambridge Bay’s nicest hotel!
- Asking Price $2,700,000.00
- Financials available upon request
- Historical ESA and appraisal from 2021 available for qualified buyers to review
Located in Cambridge Bay NU, this 5,400 sq.ft one/two storey commercial building is constructed on a commercial lot on Koihok Maghagak Crescent, the first left off Airport Road.
Built with structurally insulated panels the building is built to withstand the Arctics harsh climate and provide comfort and warmth to those staying inside. Not a typical wood frame construction, the wall and roof is constructed of an EMSIP Panel, this is an advanced structural foam panel system designed to be for floors, wall and roof structures. The panels are flame resistant and has a spread classification of 10 (vs. 150 for lumber). This system is exceptional at minimizing cold/heat transfer and providing excellent air tightness.
The windows are all triple glazed and are awning style operable windows. Exterior doors to all residential units are Energy style and the exterior doors to the cafe are commercial grade metal doors.
The mechanical systems are engineered and constructed to very high standards. A few things to note:
- In floor heating in all spaces
- 2 water tanks, total of 2400 gallons
- 2 large hot water tanks
- 1 Viesman boiler heats the whole building
- 3 semi buried insulated waste water tanks
- 400 amp 3 phase service, all rooms metered individually
- Exterior video cameras placed along perimeter
The building sits on a granular pad and is supported with screw jacks and steel beams that carry the floor. Environmental assessment completed in 2018 raised no areas of concern.
The interior of all units have been architecturally designed to provide the tenants with all the amenities required while maximizing the use of space. Each unit is keyed separately with sub master and master groupings.
1544 Square feet The Cafe occupies the one storey space, the cafe includes a large dining area which opens on to the kitchen, there is back room which has a dishwashing area, food storage, and a large commercial fridge and freezer.
660 Square feet and 450 Square feet
Two office spaces, the first first includes 3 closed offices, a washroom, kitchen and storage/server room
The second includes 4 desks, a small kitchen area, washroom and a storage room with commercial washer and dryer for the hotel laundry
Currently operating as the Ublu Inn the remaining 5 residential spaces are rented out nightly at $335.00 per night, all furnishings, website, bookings and everything else needed to run the hotel can be transferred to the new owner.
The rooms are open plan one bedroom/bachelor apartments, they have a full kitchen, eating area, living room, bathroom with tub, laundry/storage and a large bedroom areas with closets and desk.
Each room is separately metered and have their own HRV, thermostat, satellite TV, internet and connected through the Mitel phone system. They are tastefully furnished and are the nicest place to stay in Cambridge Bay!
These rooms are great for nightly stays and also excellent for long term stays. This is a great opportunity to purchase an existing successful business that has great long term potential.
Contact us today for more information and to set up a viewing!