507 Skaha Hills Drive, Penticton

Nestled in the Hillside above Skaha Lake, situated amongst one of the most attractive collections of luxury homes in the South Okanagan, this Lakeview Estate Winery offers an immense amount of value. Completed in 2016 by the highly regarded, award winning company Greyback, the 9088sqft concrete & structural steel building features an iconic modern architectural style. The Estate includes a wine shop, tasting lounge, indoor/outdoor bistro/hospitality space, wine barrel storage & production space built to aspire to 10,000 cases of wine/year. This property contains four parcels totalling 15.59 acres with over 13 acres of planted vines (2016) consisting of Cab Franc, Cab Sav, Merlot, Muscat, Sauv Blanc, Viognier, & more. The commercial parcel is fully prepaid on a 99 year lease, and the 3 vineyard parcels that are also on a 99 year lease have a minimal annual ground lease. This property has been independently professionally appraised at $9,472,500 and is an opportunity not to be missed! Many features here with the possibility of a third story, high quality split rail & steel post trellis system, upgraded microjet irrigation, and so much more, close proximity to HWY 97, few properties will truly compare with this location! Bring your own ideas, branding or venture or the current owners are happy to help transition the property with you! Contact the listing agent today for your information package, or to view this property! (id:1945)