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2323 Hunter Road, Kelowna

Presented at $1,376,000

MLS #: 10106013

Presented at $1,376,000

MLS #: 10106013

Status: Sold

Highlights

This multi tenant building is in a desirable commercial area of Kelowna on a level 0.44 acre lot. Four shop areas at the rear are in a block building with overhead vehicle doors, man doors, gas space heaters, and tall ceilings with a second level window to accommodate a mezzanine. Two floors of offices space at the front have roof top HVAC and skylights. Some vacancies permit an owner occupier.


House Features

MAIN FLOOR

Units 1 and 2 are office spaces at the front and have the second floor above them. Units 4, 5, 6 and 7 are shop spaces with overhead doors.

Unit 1

  • rent $1767
  • 1564 sq feet
  • tenant currently in place
  • four offices
  • a main work area, boardroom, lunch room and large bathroom
  • windows on two sides
  • access from the front and side

Unit 2/3

  • rent $1394
  • 1455 sq feet
  • tenant currently in place
  • being used as a warehouse space

Unit 4

  • potential rent $1339
  • vacant
  • 1200 sq feet
  • reception area
  • open shop area

Unit 5

  • potential rent $1344
  • vacant
  • 1200 sq feet
  • tiled reception area
  • shop area has a 10 wide by 12 foot high overhead vehicle door and a man door
  • two mezzanines, one with a sink
  • a three piece main bathroom off the shop area
  • suspended gas unit heater
  • emergency lighting
  • an office area at the rear of the shop
  • concrete block construction

Units 6 & 7

  • 1200 and 2000 sq feet
  • Rents $1200 and $1925
  • currently an Autobody shop
  • one 10 foot wide by 14 foot high overhead door
  • two 10 foot wide by 12 foot high overhead doors
  • 16 foot ceilings
  • concrete block construction
  • upper windows could provide natural light for a mezzanine
  • man doors

SECOND FLOOR

  • currently set up as five offices with a large common hallway
  • this floor is ideally set up for reconfiguration
  • there are two generous sized washrooms
  • five skylights
  • stairs front and side
  • side stair well has a skylight

Unit 201

  • l460 sq feet
  • potential rent $674
  • two office areas with laminate floors

Unit 202

  • 902 sq feet
  • potential rent $1127
  • large bright reception area
  • three offices
  • an open work area
  • a lunch room

Unit 203

  • 376 sq feet
  • potential rent $470
  • offices with a reception area and a skylight

Unit 204

  • 374 sq feet
  • potential rent $480
  • two office areas plus a smaller room for storage
  • the wall between the offices could be removed to create a more open space
  • skylight

Unit 205

  • 375 sq feet
  • potential rent $468
  • an open office area with a skylight

Property Features

MECHANICAL AND STRUCTURAL

  • Tar and gravel roof in good condition. No visible wear. Flashings in good condition.
  • HVAC units and AC unit all 1989 original.
  • Attic is engineered wood truss with 8-10″ blown in insulation and poly vapour barrier.
  • shop areas are cement block construction with ceiling gas heaters
  • office portion is wood frame construction and utilitizes the HVAC system

MONTHLY RENT SYNOPSIS:

Base plus TNet, GST would be additional

Main Floor

Unit 1: $1767, leased to April 30, 2018 Unit 2/3: $1394, leased to March 31, 2016 Unit 4: $1339 – Vacant Unit 5: $1344 – Vacant Unit 6: $1200 – leased to Jan 31, 2017 Unit 7: $1925 – leased to Jan 31, 2017

Second Floor

Units 201, 202, 203, 204, 205 All currently vacant Potential income $3895 *Total Monthly Revenue if 100% occupied: $12,261 + GST

Expenses

Annual Insurance approximately $4900 Annual Utilities – Water plus Heat & Light for common areas: approximately $4400


  • Zoning
    Land Use Contract - commercial

  • Lot Size
    0.44 acres

  • Taxes
    $22,226 for 2015

  • Legal Description
    Lot 2, District Lot 125, ODYD, Plan 35021