crown resort motel
DESCRIPTION
Brochure for Crown Resort MotelTRANSCRIPT
FOR SALE Lakefront Crown Resort950 Lakeshore Drive W., Penticton, BC
For further information please contact:
Bruce Long CCIM | [email protected]
David FitzGerald | [email protected]
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
Macdonald Commercial Real Estate Services Ltd.#301 – 1770 West 7th Ave, Vancouver, BC V6J 4Y6
T 604.736.5611 | F 604.736.7976 | www.macdonaldcommercial.com
950 Lakeshore Drive W. Penticton, BC Executive Summary
Opportunity
Rare opportunity to purchase a well-established and maintained, lake-
front motel property with development potential on the sandy shores of
Okanagan Lake in Penticton, British Columbia.
Crown Resort Motel
Crown Resort is ideally situated directly across Lakeshore Drive on the
popular Okanagan Lake beach and steps from downtown Penticton.
Providing well-maintained, clean and affordable accommodation to
visitors and tourists, this 31 suite motel offers good cashflow with excel-
lent future development potential. Visit www.crownmotel.ca to view their
detailed website.
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offer-ing advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
SUBJECT
PENTICTON
VANCOUVER
MERRITTWHISTLER
Property Taxes
$32,654 (2011)
Guest Suite Mix
11 x 1 bedroom units2 x 2 bedroom units18 x ‘sleeper’ units
Financial Statements
Available to qualified parties.
Asking Price$3,290,000 (Share Sale)
Legal Description
Lot 5, Plan 453, District Lot 189, LD 54, SDYD; PID: 008-105-821
Zoning
CT1 (Tourist Facility)
Lot Size
1 acre (122 feet of frontage onto Lakeshore Drive)
Age
Built in 1960 (Recently renovated and in excellent condition)
950 Lakeshore Drive W. Penticton, BCExecutive Summary
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
Features
• 31 Attractive and well maintained, non-smoking motel
units (potential to create more units)
• Kitchenettes in many units
• Air conditioning in all units
• Newer appliances, furniture and finishings
• High speed internet connections for all units
• Outdoor saltwater pool & lounging deck
• Balconies & verandas for all units
• On-premise restaurant currently leased to ‘Vallarta’s
Canexican Connection Sport Grill’ with a 60 seat
lakefront patio and 80 seat interior
• Guest barbeques
• 2 well-finished manager/owner’s suites
o 2 bedroom ground floor manager’s suite;
o 3 bedroom, second floor owner’s suite with
incredible views of the lake, large private balcony,
and quality finishings
Amenities within close proximity
• Directly across the street from Okanagan Lake beach
• Penticton Regional Airport
• Lake City Casino
• Penticton Trade & Convention Centre
• Numerous golf courses
• Over 75 wineries & vineyards
• Fine dining and entertainment
• Hockey School (Memorial Arena)
• Downtown Penticton
• LocoLanding Adventure Park
• SS Sicamus & the Okanagan Inland (Heritage Steamship)
• Marine Heritage Park
• Bike rentals and boat rentals
• Farmer’s Market and Penticton Night Market
• Kettle Valley/TransCanada Trail
SLEEPER UNIT
KITCHENETTE
TWO QUEEN UNIT
SITTING/DINING
950 Lakeshore Drive W. Penticton, BCOwner Suite Photos
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
950 Lakeshore Drive W. Penticton, BCProperty Photos
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
2 BEDROOM MANAGER SUITE MAIN OFFICE
RESTAURANT PATIO
950 Lakeshore Drive W. Penticton, BCMap
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
SUBJECT