507 SKAHA HILLS Drive

Agriculture For Sale in Penticton, British Columbia

$8,100,000
  • 9,088 Sq. Ft.
  • Built 2016

Nestled in the hillside overlooking Skaha Lake, situated amongst one of the most attractive collections of luxury homes in South Okanagan, Play Estate Winery offers immense value. The property contains four parcels totaling 15.59 acres and is on a 99 year lease. The 9088sqft commercial building which was built in 2016, includes the winery, a wine shop, a tasting lounge, 100 seat indoor/outdoor luxurious restaurant, wine barrel, storage and production space built to produce 10,000 cases of wine a year, and is on a 3 acre parcel that is prepaid for 99 years. The 12 acre vineyard has minimal ground lease and is also on a 99 year lease with the vines producing 350 tons of assorted grapes. There is room to expand as the winery has been built to accommodate an additional story for banquet space or four large apartments. Further, there is potential to build a bed and breakfast facility of 30 or more rooms. Currently, this property is priced $1 million + under an independent appraisal and is an opportunity that can’t be missed! (id:4069)
Address 507 SKAHA HILLS Drive
List Price $8,100,000
Property Type Agriculture
Type of Dwelling Other
Style of Home Contemporary
Area British Columbia
Sub-Area Penticton
Floor Area 9,088 Sq. Ft.
Lot Size 15.59 Sq. Ft.
Year Built 2016
MLS® Number 201793
Listing Brokerage Parker Real Estate
Postal Code V2A0A9
Site Influences Airport, View

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Jill Jennex

Parker Real Estate

Main Branch: 13242 Victoria Rd North Summerland B.C. V0H 1Z0

Office: 250-486-6922

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