OWNER OCCUPIER OPPORTUNITY WITH ANCILLARY CASH FLOW
1561 SUTHERLAND AVENUE | KELOWNA BC
$3,750,000
For Sale
The Opportunity
Unique owner-occupier opportunity to purchase land and a 7,132 square foot building in central Kelowna, with ancillary cash flow. Situated on a 0.203-acre lot, this two-story building was built by Rykon Construction in 2006 and features high-quality construction with a history of efficient operations. The building boasts finishes reminiscent of upscale residential properties resulting in great curb appeal.
Positioned in an area earmarked for future high-density development, as per the City of Kelowna 2040 Official Community Plan (OCP), the property offers the opportunity for equity generation, while benefiting from direct proximity to the Landmark District and Highway 97. With three leases in place there is a steady stream of income, plus a 2228 useable square foot unit coming available on the second floor – ideal for an owner occupier.
There are 17 on-site parking stalls and monument signage is visible to traffic travelling both directions on Sutherland Avenue.
Property Details
Property Type: |
OFFICE |
Address: |
1561 SUTHERLAND AVENUE | KELOWNA BC |
# of Units: |
4 |
Total Building Size: |
7,132 SF |
Year Built: |
2006 |
Land Area: |
0.203 Acres |
Zoning: |
UC2 | Capri-Landmark Urban Centrre |
Parking: |
17 on-site |
Presented By
Meghan Cortese
250.808.6775
meghancortese@rlkcommercial.com
Property Details
MUNICIPAL ADDRESS | 1561 Sutherland Avenue |
ZONING | UC2 | Capri-Landmark Urban Centre |
LOT SIZE | 0.203 Acres |
BUILDING SIZE | 7,132 SF |
PID | 006-743-501 |
LEGAL DESCRIPTION | Plan KAP3736 Lot 7 District Lot 1441 Except Plan KAP75685 |
PRICE | $3,750,000 |
AREA SIZE
TOTAL GROSS AREA | 7,132 SF |
FIRST FLOOR GROSS AREA | 3,489 SF |
SECOND FLOOR GROSS AREA | 3,643 SF |
UNIT 101 | 1,575 SF |
UNIT 102 | 1,532 SF |
UNIT 201 | 904 SF |
UNIT 202 | 2,228 SF |
*Unit 202 – owner occupier unit available*
NOTE on measurement method: To arrive at square footage calculations for leased areas, measurements have been taken to the outside surface of the building and corridor walls, and to the centre of the interior common walls. Lease areas have further been ‘deemed’ using this method and are not grossed up to add a percentage of common area.
Location Overview
Located in central Kelowna just off Highway 97 and Burtch Road on Sutherland Avenue. Situated 5 minutes from downtown, 15 minutes from the airport and within walking distance to a multitude of amenities including residential, retail, restaurants, cafés, greenspace and professional services.