Crown Resort Motel

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Brochure for Crown Resort Motel

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  • FOR SALE Lakefront Crown Resort950 Lakeshore Drive W., Penticton, BC

    For further information please contact:

    Bruce Long CCIM | 604.312.2000bruce@bcapartmentbuildings.com

    David FitzGerald | 604.714.5522david@bcapartmentbuildings.com

    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 Vallartas

    Canexican Connection Sport Grill with a 60 seat

    lakefront patio and 80 seat interior

    Guest barbeques

    2 well-finished manager/owners suites

    o 2 bedroom ground floor managers suite;

    o 3 bedroom, second floor owners 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

    Farmers 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.

    SUBJ

    ECT