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Unique opportunity to acquire an exceptionally well located property that is operated as a youth hostel. The property is on the corner of Pandosy Street and Christleton Avenue. It is strategically located one block south of Kelowna General Hospital and is about one to one and a half blocks from the beach, and one kilometer from the Downtown area. It is a well established business that is easy to run with an established international clientele network. The Kelowna International Hostel is widely publicized in guide books around the world including The Lonely Planet. Definite room for upside through a price increase and also for a hands on operator.
Colliers International is Canada’s largest commercial real estate services company, providing a full range of services to real estate occupiers, developers and investors. Services include brokerage, real estate management, valuation, consulting, project management, project marketing and research. Through a culture of service excellence and a shared sense of initiative, Colliers Canada and our more than 1,400 professionals integrate the resources of real estate specialists across Canada to accelerate the success of our clients. In 2013 alone, Colliers Canada concluded more than 4,600 sale and lease transactions on behalf of investors and occupiers totaling some $7.8 billion across Canada. Colliers also completed more than 1,400 property valuations in 2013 and currently manages 46.4 million square feet of space.