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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,999,000
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
A prime opportunity awaits at one of Kelowna’s premier redevelopment sites, offering consistent income from a National Tenant. Situated on a corner lot just steps from Lake Okanagan, this 0.456-acre parcel (19,863 sq.ft.) boasts C4 Commercial Zoning (with an FAR up to 2.35) and is slated for future UC5 Pandosy Zoning. Nestled in South Pandosy, renowned as the City’s top-notch neighborhood, it stands as an ideal canvas for high-density development, fully supported by the City authorities. Easy access on foot to Lake Okanagan, multiple waterfront parks, sandy beaches, three major grocery store-anchored shopping centers, Okanagan College, as well as elementary, middle, and high schools. Seamless transit connections to Downtown, UBC-Okanagan, Okanagan College, and Kelowna General Hospital add to its convenience. Currently leased by the Royal Bank of Canada (RBC), this property presents an exceptional investment opportunity amidst a thriving and sought-after locale. (id:39198)
Location
Province
British Columbia
City
Kelowna
Address
3036 Pandosy Street
Postal Code
V1Y1W2
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
$6,999,000
Asking Price
$6,999,000
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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