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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,995,000
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
Amazing development opportunity for 12 townhomes in a prime location in Penticton, BC, just one block from Okanagan Lake and close to a variety of the city’s best amenities. The project is under review and close to obtaining a development permit from the City of Penticton. The proposed project comprises 12 thoughtfully and professionally designed luxury townhomes ranging from 1630 sq ft to 2050 sq ft, complete with garages and rooftop patios. Notably, the size and the alley access for the property allows for diverse development options, including rental apartments, condominiums, duplexes, or single-family residences with suites. The assembly of four lots for this project is rare in the south Okanagan. Take advantage of an approved project that will be ready to be built in a highly sought-after area with a shortage of inventory in the foreseeable future. For an in-depth information package including proposed plans, contact the listing agent. (id:39198)
Location
Province
British Columbia
City
Penticton
Address
951/96 Dynes Road
Postal Code
V2A1E7
Location Highlights
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Listed by
RE/MAX Penticton 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
$1,995,000
Asking Price
$1,995,000
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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