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Land For Sale at 8900 GILMAN Road in Summerland, British Columbia

updated
4 Sale ID #126673
Updated 27 Apr 2024

Asking Price

$5,125,000

Cap Rate help 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.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

Attention Developers, Vineyards, Investors! A rare opportunity to purchase 64 acres in beautiful Summerland BC, South Okanagan's best kept secret! This parcel is not in the ALR and offers stunning lake and mountain views! A perfect location only minutes to downtown, golf or recreation. So many options and building sites available on this one of a kind property. Water, gas, electrical, and phone available. (id:39198)

  • MLS® : #198237
  • Date Listed : 16 Mar 2023

Location

Province

British Columbia

City

Summerland

Address

8900 Gilman Road

Postal Code

V0H1Z2

Location Highlights

N/A

Listed by

RE/MAX Orchard Country British Columbia listing

Category

land

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

0

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$5,125,000

Asking Price

$5,125,000

Cap Rate help 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.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

0

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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