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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,999,000
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
Unique opportunity to purchase one of the most iconic properties in Oyama. The property offers 3.138238 acres of land, which includes 0.162842 acres onto the Wood Lake side across the road, making this one of the most compelling development properties in the region. Approximately 455' of lakeshore frontage onto Wood Lake. C9 (Tourist Commercial) zoning is extremely flexible, and includes a specific zoning allowance for a retail store, gas bar & marine fuel facility for this property in particular. Other uses include apartment hotels, hotels, motels, offices, liquor stores, retail, etc. Frontage onto Pelmawash Parkway, Oyama Road, Wood Lake, and the Rail Trail. No current sewer connection; purchaser will either have to accomplish development via an on-site septic system, or coordinate with the District of Lake Country (and/or adjacent property owners) for a Sewer System extension/development. The general store area is leased until March 2024 with 3 additional 5 year renewals, subject to market rent increases. None of the property, upon final registration, will be located within the Agricultural Land Reserve. Several different uses and directions a purchaser could take, whether seeking a gas station, potential marine fueling station onto Wood Lake, mixed use development, or a solely commercial development. Contact the listing agent for an information package on the property. DO NOT DISTURB THE TENANTS. (id:39198)
Location
Province
British Columbia
City
Lake Country
Address
#lot A 16012 Oyama Road
Postal Code
V4V2E4
Location Highlights
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Listed by
RE/MAX Kelowna British Columbia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
N/A
Financial Information
Yearly Rate
$4,999,000
Asking Price
$4,999,000
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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