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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,850,000
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
278.9 Acres with spectacular lake views + approx 5,200 ft frontage on Okanagan Lake. This large acreage property is located at District Lot 4501 Westside Road which is approximately 40 minutes drive north of Kelowna & approx 40 minutes drive from Vernon. Located approx 3 kilometers south of the La Casa residential development and the Fintry Provincial Park. This property is in the Regional District of Central Okanagan and is zoned RU1 and RU2. All of the land above Westside Rd is zoned RU1 and the land below Westside Rd along the lake is zoned RU2. Contact the RDCO with any questions regarding permitted land uses. There are a few good spots to build a private waterfront estate home and several spots to build a dock. Large acreage properties with frontage on the lake are hard to find. This is a great long-term investment property! Contact the RDCO https://www.rdco.com/en/index.aspx with any questions regarding permitted land uses. GST is applicable on the sale of this property. (id:39198)
Location
Province
British Columbia
City
Kelowna
Address
Dl 4501 Westside Road
Postal Code
V1Y3T3
Location Highlights
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Listed by
Macdonald Realty Interior 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
$3,850,000
Asking Price
$3,850,000
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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