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$4.8M total
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Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
88%
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)
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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.
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.
Confidential diligence documents for 840 Cherry Point Rd, Cobble Hill.
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.