TABLE OF CONTENTS LIMITING CONDITIONS 1 EXECUTIVE SUMMARY 2 AREA OVERVIEW 3 PANORAMIC PHOTOS 4 OCEAN FRONT PHOTOS 5 MOTEL BUILDING PHOTOS 6

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2 TABLE OF CONTENTS LIMITING CONDITIONS 1 EXECUTIVE SUMMARY 2 AREA OVERVIEW 3 PANORAMIC PHOTOS 4 OCEAN FRONT PHOTOS 5 MOTEL BUILDING PHOTOS 6 COTTAGE PHOTOS 7 SPECIFICATIONS 8 ZONING 9 CONTACT INFORMATION 10

3 LIMITING CONDITIONS The information contained in this package was obtained from the owners and other sources deemed reliable. However, no representations, declarations or warranties are given or implied by Cushman & Wakefield Atlantic, or the owner as to its accuracy or completeness and such information should not be relied upon by prospective purchasers without independent investigation and verification. This information package does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require in determining whether or not to purchase the property. The owner and Cushman & Wakefield Atlantic expressly disclaim any and all liability for any errors or omissions in this package or any other oral or written communication transmitted or made available to prospective purchasers. This information package is for information and discussion purposes only and does not constitute an offer to sell or the solicitation of any offer to buy the property. The owner and Cushman & Wakefield Atlantic undertake no obligations to provide the recipient with access to additional information. The owner reserves the right to remove the offering from the market at any time and is under no obligation to respond to or accept any proposal or offer to purchase the property. REPRESENTATION BY THE MORTGAGEE Bayview Financial LP is the mortgagee of the above-described property and is strictly limited in the representations it can make to Cushman & Wakefield Atlantic Limited or to any potential purchaser as to the physical and environmental conditions and specifications of the property. The sale of the property is on a as is, where is basis. Any agreement of purchase and sale must be approved by the Supreme Court of Nova Scotia. 1

4 EXECUTIVE SUMMARY Located at 8410 St. Margaret s Bay Road in Blackpoint, Nova Scotia; this former motel/vacation property consists of 2 adjoining land parcels with a total land area of 49,781 square feet. The property offers both highway visibility and oceanfront access and views ST. MARGARET S BAY ROAD LOT 1 SHOWN IN YELLOW Civic Address Lot Size 8410 St. Margaret s Bay Road, Black Point, NS 49,781 square feet or 1.14 Acres Lot 1 PID Acres (28,000 sf) Lot 2 PID Acres (21,781 sf) Zoning: MU-I Mixed Use (Planning districts 1 & 3) Zoning allows for a variety of commercial uses Ocean Frontage Approximately 180 feet (excluding the large pond) LOT 2 SHOWN IN YELLOW Existing Improvements Site Services Access 2014 Assessed Value The site is currently developed with a 10 unit motel and three (3) stand alone cottages of approximately 500 square feet each (25 x20 ). The existing structures appear to be in poor condition overall. One central dug well that services existing buildings No sewer or septic 2 access points from St. Margaret s Bay Road Both access points are shared driveways with neighbouring residential property owners PID $101,300 (Residential) - $242,000 (Commercial) Vendor List Price PID $15,700 (Residential) Bayview Financial LP (Mortgagee) $395,000 2

5 AREA OVERVIEW The subject property is located at 8410 Saint Margaret s Bay Road overlooking the St. Margaret s Bay in the community of Black Point, Halifax County, NS, between the communities of Queensland and Boutilier s Point. Black Point, with a population of 480 people, is one of several small rural communities located along the South Shore Lighthouse Route from Halifax to Yarmouth. This rural community was once a farming, wood harvesting and fishing community settled in the 1800 s. These industries are now mostly extinct in the area and the community mostly consists of single family homes, cottages and the local economy relies on tourism and recreation. Properties of older wood shingled cape and saltbox style houses are located along the route. Newer modern bungalows and vacation homes have since sprung up along Route 333 and ocean-front properties are being developed. 3

6 PANORAMIC PHOTOS 4

7 OCEAN FRONT PHOTOS 5

8 MOTEL BUILDING PHOTOS 6

9 COTTAGE PHOTOS 7

10 SPECIFICATIONS SITE OVERVIEW 8410 St. Margaret s Bay Road consists of 2 adjoining land parcels with a total land area of 49,781 square foot. The lot is sloping, with 2 access points from St. Margaret s Bay Road, Route 333. PID ,000 SF (0.64 ACRES) PID ,781 SF (0.50 ACRES) 8

11 ZONING PART 12: MU-1 (MIXED USE 1) ZONE 12.1 MU-1 USES PERMITTED A development permit may be issued for all uses in any MU-1 (Mixed Use) Zone, Except for the following: Residential Uses Not Permitted: Mobile home parks Multi-unit dwellings Senior citizen housing over 20 units Commercial Uses Not Permitted: Commercial entertainment uses Campgrounds Marinas All commercial development or expansions with a combined gross floor area greater than 697 square metres (7500 square feet).(rc -Feb 24/09;E-Apr25/09) Resource Uses Not Permitted: Agricultural uses, Intensive Extractive facilities Sawmills and industrial mills related to forestry over 3,000 square feet Industrial Uses Not Permitted: Industrial uses but excepting traditional uses and service industries Salvage yards All industrial development or expansions with a combined gross floor area greater than 697 square metres (7500 square feet). (RC-Feb 24/09;E-Apr 25/09) Construction and Demolition Materials Operations Not Permitted: C&D Materials Transfer Stations C&D Materials Processing Facilities C&D Materials Disposal Sites (RC-Sep 10/02;E-Nov 9/02) 12.2 MU-1 ZONE REQUIREMENTS No development permit shall be issued in any MU-1 Zone except in conformity with the following: Minimum Lot Area: 20,000 square feet (1858 m2) Minimum Frontage: 100 feet (30.5 m) Minimum Front or Flankage Yard: 20 feet (6.1 m Minimum Rear or Side Yard: 8 feet (2.4 m) Maximum Lot Coverage: 35 per cent Maximum Height of Main Building: 35 feet (10.7 m) For additional information, see Halifax Regional Municipality Land Use By-Law Planning Districts 1 & 3 (St. Margarets Bay) 9

12 CONTACT INFORMATION For further information please contact one of the Cushman & Wakefield Atlantic Representatives below. TOM GERARD SENIOR REPRESENTATIVE DIRECT MOBILE FAX MAT HOUSTON COMMERCIAL SALES & LEASING DIRECT MOBILE FAX C&WA MAILING ADDRESS 5475 Spring Garden Road, Suite 601, Halifax, NS, B3J 3T2 WEBSITES C&WA Regional Website: C&W Corporate Website: SOCIAL MEDIA C&WA on LinkedIn: tc C&WA on Facebook: 10