Pub and Liquor Store - Development Potential Property for sale in Okanagan, BC, CAN

Business Summary:
This 137 seat neighboruhood sports bar, with 2 patios, and liquor store has been serving area residents, vacationers and business travellers, since 1993. It is beautifully decorated, maintained and recently renovated adding a second storey and a number of upgrades. The business incurred high capital expenditures in 2005 & 2006 due to upgrading. Not all leasehold costs have been capitalized. The property has an attached rented commercial unit generating income. Additionally, there are 2 residential units that could be generating a return as currently they are seller occupied. The property is zoned C2. The area is undergoing extensive development adding up to 700 strata units in the immediate area. There is a moratorium on area liquor licenses and it holds 2 for the pub and 1 for liquor sales. It is close to the new convention centre and is in a prime all season destination location with a Lake view. All current Capital leases are schedule to be fulfilled by 2010. For more information please contact Pino Bacinello 604.696.6111 x 207 or email pino@sunbeltpacific.ca.