Business For Sale · Land

840 Cherry Point Rd, Cobble Hill

840 Cherry Point Rd, Cobble Hill, BC V0R1L3

$4.8M total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

About this property

Amidst the fertile green landscapes of the Cowichan Valley on Southern Vancouver Island lies a distinguished offering of agricultural prestige and coastal charm. With a Mediterranean climate and maritime influences, this region has quietly become one of British Columbia's most celebrated wine-growing areas, and Cherry Point Estate Wines stands proudly at its heart. Established in 1990, this world-class 34-acre vineyard features 24 acres of vines planted on a glacial moraine with mineral-rich soils. South-facing slopes, exceptional drainage, natural irrigation from a rain-fed pond and traditional European winemaking techniques contribute to the distinctive character of Cherry Point's award-winning wines. The estate is as thoughtfully composed as its wines. A spacious family residence is complemented by a licensed bistro, commercial kitchen, elegant event pavilion, welcoming wine shop and tasting room, and fully equipped production and storage facilities. More than a destination winery, Cherry Point Estate Wines has become an integral part of the region's wine, culinary and tourism landscape. The estate is as thoughtfully composed as its wines. A spacious family residence is complemented by a licensed bistro, commercial kitchen, elegant event pavilion, welcoming wine shop and tasting room, and fully equipped production and storage facilities. More than a destination winery, Cherry Point is renowned for hosting luxury car collector events, premium food and wine experiences and elegant private celebrations. The estate is a longstanding feature of the annual Cowichan Valley Wine Festival and hosts the signature ‘Paella & Sangria’ Weekend. Minutes from local amenities, with convenient access to Victoria, Nanaimo and the mainland, Cherry Point Estate Wines is ready for its next steward seeking to expand its reach through hospitality, tourism, events and premium wine production. (id:66811)

Financial sandbox

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Estimate
Purchase price$4.80M
Down payment30% · $1.44M
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$22K

Projected NOI

$180K

Annual cash flow

$-86K

Cash-on-cash

-5.95%

DSCR

0.68

Going-in cap

3.76%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

124,334

Households

51,868

Median income

$88,000

Median age

45.4

Daytime population

125,254

5-yr growth

4.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 840 Cherry Point Rd, Cobble Hill.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.