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Palliser Regional Park Riverhurst, Saskatchewan S0H 3P0

16744 sqft
Acreage

$779,000

Available for sale is a 29-room resort hotel property located at Palliser Regional Park next to scenic Diefenbaker Lake. This property consists of 7 buildings on a 21-acre lot. The main building faces North-East with an incredible vista of the lake and is surrounded by natural greenspaces. This is a prime location being inside the park boundaries on the main road close to the golf course beach pool and North Campgrounds. This main road is also the only connecting road from the North to the South Campgrounds where the marina and boat launch is found. Palliser Park amenities include: hiking trails marina & boat launch beaches 70+ cottages 370+ campsites heated swimming pool golf concessions as well as water activities like boating and fishing. The lot is rectangular in shape (approx 754ft of frontage with 1210ft of depth) and is leased from the Palliser Regional Park Authority. The lease is valid until March 2050. It has established landscaping a large gravelled driveway with excellent parking facilities for at least 40 vehicles. The main building (originally constructed in 1990) features 9 hotel rooms lobby & restaurant space full commercial kitchen meeting and convention spaces utility & storage space and living quarters for an owner or on-site operator. The 6 remaining buildings consist of a 4-room motel a 4-room log style motel 3 log style motels that contain 12 kitchenette units and a small maintenance shop. Altogether there is over 16000 sqft of building space (via SAMA records) on the property. It has been operated as a hotel/motel property since at least 1990 the current owners have successfully operated it since 1997. Overall this property has a lot going for it produces reliable income (even during recent disruptions to the hotel/motel sector) and has the opportunity for further development. This could be the perfect scenario for someone looking to get into business for themselves or to expand their real estate portfolio. (id:46204)

Property Details

MLS® Number 33002183
Property Type Hospitality

Building

Size Exterior 16744 Sqft
Size Interior 16744 Sqft

Land

Acreage Yes
Size Irregular 21
Size Total 21 Ac
Size Total Text 21 Ac

https://www.realtor.ca/real-estate/25086132/palliser-regional-park-riverhurst

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