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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$950,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Looking for the perfect future development site or a lucrative holding property? Look no further! This exceptional land assembly in rapidly growing Westbank Centre, West Kelowna, presents a rare and enticing investment prospect. Situated on freehold land, it offers flexibility to purchase neighboring properties or a single home, tailoring development to your vision. With booming real estate and a 0.6% vacancy rate, demand for multifamily buildings is soaring. Nearby shopping, transit, and restaurants make it ideal for redevelopment. New Official Community Plan (OCP) draft supports higher density, possibly reaching 12 stories along Brown Road corridor. Seize this incredible opportunity and capitalize on potential rewards. Act now - motivated sellers won't wait! Contact us today to explore the possibilities and unlock this remarkable land assembly's full potential. (id:39198)
Location
Province
British Columbia
City
West Kelowna
Address
2436 Apollo Road
Postal Code
V4T1P7
Location Highlights
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Listed by
Coldwell Banker Horizon Realty British Columbia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$950,000
Asking Price
$950,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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