9088 sqft Agriculture Other
507 SKAHA HILLS Drive, Penticton

$8,100,000

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:6770)

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  • Price $8,100,000
  • Land Size 15.6 Acres
  • Age 2016
  • Stories 2
  • Size 9088 sqft
  • Water Municipal water
  • Sewer Septic tank
  • Listing Office Parker Real Estate
  • View Unknown, City view, Lake view, Mountain view, Valley view