2864-2860 Arawana Road,

Naramata, British Columbia V0H1N1

$3,690,000

AUCTION OPPORTUNITY; The best of both worlds; a gorgeous Naramata estate property with huge income potential! 10 acre property on the coveted Naramata Bench, featuring a picturesque and productive 3 acre vineyard. Great mix of estate-style living and income-producing opportunities. 6500 sq.ft. newer warehouse with +/- $1,000,000 invested. Originally built for cannabis production but easily reconfigured for other uses. Built to EU GMP standards for food growing and processing, and would be well suited for a vertical grow operation or other manufacturing. Growing food supply shortage fears and worsening droughts make indoor vertical farming the next big business, and this building was designed just for that. Possible conversion to 5 agritourism units, which the owner investigated thoroughly. Riesling vineyard produces approximately 7-9 tons annually with possibilities to increase production. There is a 1050 sq.ft. primary home (rented $1,850 / month) with a newer, modernized 750 sq.ft. guest home with spectacular lake and valley views. AUCTION IS LIVE! BID DEADLINE: September 1 2022. Undisclosed reserve is set $400,000 below appraised value and $900,000 below prior accepted offer price. Contact the listing agent for information on how to register and submit a bid prior to the deadline. AUCTION LINK: https://fre.com/385-1/commercial-auction-naramata-bc-ca (id:43256)
ID# 10260008
Courtesy of RE/MAX Kelowna

Listed on: July 29, 2022

On market: 11 days
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2 Bedroom 1 Bathroom

Bathroom Total 1
Bedrooms Total 2
Half Bathrooms Total 0
Year Built 1995
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Full bathroomMain levelMeasurements not available
Primary BedroomMain level12 ft ,3 in x 11 ft ,10 in
BedroomMain level10 ft ,11 in x 12 ft ,9 in
KitchenMain level12 ft ,9 in x 10 ft ,9 in
Living roomMain level14 ft ,2 in x 18 ft ,11 in
Dining roomMain level12 ft ,9 in x 8 ft ,2 in