CACTUS TREE INN 5887 MAIN STREET OLIVER BC Main (Oliver, British Columbia, CA ) Built

$2,198,000

Summerland Realty

Bryan Hart Bryan Hart 250-494-2181 (Office) 250-494-0429 (Office) 250-490-5948 (Cell) Request More Info

  • Type: Commercial
  • Style: 2 Storey
  • Development Level: Built
  • Taxes: $16,783.10 (2018)

Description

This 31-unit motel is well located on Highway 97 which is the major north/south
highway through the Okanagan Valley. The property is an easy walk from the
downtown core of Oliver and shopping amenities. Oliver is also a 15 minute
picturesque drive through vineyards and orchards to the Town Of Osoyoos.
Osoyoos is located on the United States border and on Lake Osoyoos which is the
warmest freshwater lake in Canada.
Outdoor opportunities abound in the area including walking, hiking, fishing,
arguably the longest golf season in the country along with winter sports such as
skiing. The 31 units are in four separate buildings, all of which are less than 21
years old. The rooms are comfortably appointed and the buildings appear to be in
good condition with good maintenance readily evident. There is a mix of rooms
including double queens, deluxe suite, kitchenettes and rooms with handicap
access. The property shows very well and has great curb appeal.
You can literally take over this property and carry on operations seamlessly.
The property competes effectively in the Oliver market and offers patrons good
accommodation at a reasonable price point. Both sales and cash flow exhibit good
stability.
The Motel:
31 Units
1 Full kitchen
5 Kitchenettes with stove top & microwave
4 Semi kitchens with separate bedroom, 2 have 2 queens and 2 have 1 queen and 2
singles
1 Handicapped room (adjoins another room)
3 Standard rooms with 2 queens
2 Junior suites (semi kitchen & hot plate)
1 Executive suite with Queen and Jacuzzi tub
1 Deluxe suite with king bed, fireplace, skylight and Jacuzzi tub
4 Standard rooms with 2 double beds
7 Standard rooms with 1 queen bed
1 Standard room with 1 queen and 1 single
All 31 units have refrigerators
Flat Screen TV’s
Wireless Internet
Fitness Room
Phone system: Owned
Breakfast Room
Prep area off the front desk
7 Tables in the lobby and a separate room
Washrooms
Recent Improvements
Renovated office building, added 2 rental units and a manager’s suite, converted
original manager’s suite to a prep area for continental breakfast
Added continental breakfast area for guests
Added room for fitness and 3 machines
Purchased and changed to white satin top sheets and new blankets except 6 rooms,
which also have very good condition bed spread.
All rooms added wooden hangers and good luggage racks.
All gym equipment is newer
Changed about a half of PTAC units.
Added and replaced dryers and washers in the laundry room.
Installed electronic anti entrapment device and new water pump for the swimming
pool.
All breakfast related equipment and furniture are new (refrigerators, dish washer,
vanity sinks with proper plumping, tables and etc). Tile will be installed this
winter in the breakfast prep area as required by an inspector.
Old mattresses have been changed.
Most lighting burbs inside and outside have been changed to LED.

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