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Benefits
Asking Price
$560,000
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
For more information, click the Brochure button below. Very rare building property located in Oliver B.C. This large 0.62 acre property is located next to orchards and vineyards is zoned agricultural (ALR) and allows for many building opportunities. Located in the RDOS but has town of Oliver water, Natural Gas and Electricity is available and septic has been approved. This property is located within walking distance of five wineries two with restaurants (Tin Horn Creek, Hester Creek) The lot is perfect for a walkout and a large shop/garage and has a great view of Mount Baldy and surrounding valley views. This is a one of a kind, nothing else like it in the area. Zoning allows for large 1300sqft suite on this property for family, guests or a mortgage helper. This is a lot with no buildings on it, the buildings shown in the aerial photo have been removed. The property is fully fenced. (id:39198)
Location
Province
British Columbia
City
Oliver
Address
5259 Sumac Drive
Postal Code
V0H1T1
Location Highlights
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Listed by
Easy List 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
$560,000
Asking Price
$560,000
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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