2777 Klo Road, Kelowna, British Columbia V1W 4A5

Listed for:
$16,000,000
0 beds
0 baths
Listed 116 days ago
Other for rent: 2777 Klo Road, Kelowna, British Columbia V1W 4A5

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Listing provided by:
RE/MAX Kelowna
MLS® number:
10300938
Agent:
Scott Marshall
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About

The Orchard Greens Golf Club; 31.43 acres of land with an operating 9-hole, mid-length BCGA rated course that is uniquely nestled amidst a working Okanagan Orchard. Fairways and greens are carved through the trees, leaving naturally decorative thickets and creating a challenging combination of par 3’s, 4’s and with a singularly magnificent par 5. In the offering is 2.75 acres of C1-zoned (Neighborhood Commercial) zoned land, and several commercial structures. The buildings of McCulloch Station Pub, McCulloch Beer & Wine, Bunkhouse Desi Junction, an autobody shop, fruit stand, and multiple tenanted residences are included. These buildings are leased, with a mixture of long and short term leases to create both stable income and long-term upside. The businesses themself are NOT included in the sale. The entirety of the property is within the Agricultural Land Reserve and apart from the 2.75 acres of C1-zoned land, the remainder is zoned P3 (Institutional, Parks and Open Space). Future land use is a mix of Neighborhood Commercial and Private Recreational. This is a spectacular offering for an established golfing operator looking at acquiring one of the best-located golf courses in town with additional commercial upside, or an investor looking at a different use of the land but wants the cash flow from the tenancies. Please inquire for an NDA and to receive more information about this offering. (id:27476)

Property Highlights

Type
Other
Cooling type
Heating fuel
Fireplace
No
Construction material
Parking space
20
Ownership Type
Freehold
Amenities nearby

Location

Summary

This property is being offered for sale and is characterized by its ownership type, which is Freehold. It is situated on 31.43 acres of land and features a total of 20 parking spaces. The unique aspect of this property is that it houses The Orchard Greens Golf Club, which includes a 9-hole, mid-length BCGA rated course. The golf course is set amidst a working Okanagan Orchard, with fairways and greens intricately carved through the trees, creating a challenging combination of par 3’s, 4’s, and a magnificent par 5.

Additionally, the property includes 2.75 acres of C1-zoned (Neighborhood Commercial) land, along with several commercial structures such as McCulloch Station Pub, McCulloch Beer & Wine, Bunkhouse Desi Junction, an autobody shop, fruit stand, and multiple tenanted residences. These buildings are currently leased out, providing a mixture of long and short term leases, which ensures stable income and long-term potential for growth. It is important to note that the businesses themselves are not part of the sale.

The entire property is within the Agricultural Land Reserve, with the exception of the 2.75 acres of C1-zoned land, which is zoned P3 (Institutional, Parks and Open Space). The future land use is envisioned as a combination of Neighborhood Commercial and Private Recreational. This offering presents an excellent opportunity for an established golfing operator seeking to acquire a well-positioned golf course with additional commercial potential, or for an investor interested in exploring alternative land use while benefiting from the existing cash flow from the tenancies.

For those interested in learning more about this offering, further information can be obtained by inquiring for a Non-Disclosure Agreement (NDA).

As for the property's location, it is situated at 2777 KLO Road in the city of Kelowna, British Columbia. The postal code for this property is V1W4A5, and it spans a land size of 31.43 acres, categorized as 10 - 50 acres. Additionally, the property features land surface water in the form of ponds.