Michaelbrook Golf Club $ 7,950,000
1085 Lexington Drive, Kelowna, BC

Michaelbrook Golf Club $7,950,000.

1085 Lexington Drive, Kelowna, BC


Property Description

HM Commercial Group is pleased to present a rare and valuable offering for an 18 hole golf course in Kelowna’s Lower Mission.

Originally a turf farm, Michaelbrook was established in the 1970’s and is a historical Kelowna landmark. What was once a remote rural location, it is now 52.73 acres of prime land in the heart of Kelowna’s Lower Mission, and adjacent to the best recreational amenities in the city. (Property is in the ALR)

On-site Amenities include:
> Pro Shop                    > Clubhouse                                   > Restaurant & Lounge
> Banquet Facilities       > Practice Putting Green                > 2 acre, storage/future RV Park

Compared to challenging resort and pro-rated courses, Michaelbrook is easy to walk, ideal for every level of golfer and popular with families, baby boomers & seniors. It has complete F&B facilities to cater to small and large tournaments plus a variety of events.

Located between the main arteries of Gordon Drive and Benvoulin Road and only minutes from Downtown Kelowna and Orchard Park Shopping Centre, Michaelbrook is in close proximity to Lake Okanagan, beaches, waterfront parks, and the Mission Creek Greenway: a 17 km long nature trail, just a short distance away.


KEY BENEFITS

  • 18 hole golf course in Kelowna’s Lower Mission
  • 53 acres with full facilities including pro shop, clubhouse, restaurant/lounge, banquet facilities, 2 homes, & putting green
  • Gross Revenue of $1.8 Million
  • Upside potential through expansion of the wedding/event business stream and storage/RV lands
  • Income to support debt service (fantastic opportunity for a prudent investor)
  • Golf season typically runs from March 1 to Oct 31
  • More than $1.0 Million invested since 2014

Additional Information

Municipal Address1085 Lexington Drive, Kelowna, BC
Legal DescriptionLot 1 Plan KAP49584 District Lot 168 Section 6 Township 26 Land District 41 Except Plan KAP80995 ODYD
PID018-230-431
LocationMichaelbrook Golf Course is ideally situated in Kelowna’s Lower Mission in amongst a wealth of recreational activities, residential communities, and nearby shopping and services. Located between the main arteries of Gordon Drive and Benvoulin Road and only minutes from Downtown Kelowna and Orchard Park Shopping Centre, Michaelbrook is in close proximity to Lake Okanagan, beaches, waterfront parks, and the Mission Creek Greenway: a 17 km long nature trail, just a short distance away.
Land Area52.73
ZoningP3, Parks and Open Space
Taxes$24,195.80 (2018)

Property Map


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E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.

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Direct: 250.712.3130
Fax: 250.860.1600
info@hmcommercial.com

2700 Richter St. Kelowna, BC V1Y 2R5