With an approx 5% cap rate (Based on 7 month of operation) on a 12+ acre driving range that has all the equipment and amenities paid off, you can finally afford the lifestyle you want, while making an incredible income! The current owners only operate the business 7 months a year, so there is even MORE opportunity to generate higher revenues. There is nothing for you to do, except take over the property and the business, enjoy life and make money. The patio has a liquor license along with a food and beverage license with an opportunity to expand. Plus, the Kelowna Driving Range is powered by Toptracer, featuring 16 covered and lit Toptracer bays and 14 additional bays that attracts golfers of all ages. The business also includes an 18 hole championship mini golf course, and a bentgrass putting green. The range even has a cleaning system that brings the range balls back to the tee box area. Plus there is a completely renovated home and pro shop. This is an entertainment facility that you live at! Also listed as MLS #10302245 (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Total Area
4,995 ft2
Features
Irregular lot size
Listing Contract Date
2024-01-22
Municipal ID
010-917-471
Ownership Type
Freehold
# of Parking Spaces
40
Property Type
Retail
Storage
Storage Shed
Transaction Type
For sale
Views
Mountain view
Waterfront Type
Waterfront on stream
Zoning
Unknown
Building
Constructed Date
2016
Cooling Type
Central air conditioning
Fire Protection
Security
Heating Type
Forced air
Stories Total
2
Type
Retail
Utility Water
Well
Parking Spaces
Name
Spaces
Other
Land
Total Size
12 acres
Acreage
Yes
Fence Type
Fence
Sewer
Septic tank
Size of Irregular Land
12
Surface Water
Creek or Stream
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