142 Morison - Storefront FOR SALE


Parksville, BC V9P 0B1
$3,100,000 CAD
778-909-0914
142 Morison, Parksville, BC for Sale
$3,100,000 CAD
Storefront - FOR SALE
1/40
null | 5.71% Cap Rate

142 Morison
Parksville, BC V9P 0B1


OVERVIEW

This listing is for the sale of shares of 2 corporations. The first one being the Tower Brae Holdings Ltd. which operates as Parksville Home Hardware, Parksville, B.C. This is a well established Home Hardware franchise with a proven record of profits over many years. It is located in the heart of downtown Parksville with excellent traffic flow and is a destination business with many regular customers. Tower Brae Holdings Ltd. is offered for sale at $650,000 which includes $350,000 in inventory. The purchase price would be adjusted to reflect actual inventory at the takeover date. The second corporation is Ormiston Holdings Ltd, which owns the land and buildings, consisting of 142 Morison Ave with 6,997 sq ft of retail space, valued at $2.2M and a warehouse at Unit 7-1147 Franklin's Gull Rd in the Parksville Industrial Park with approx. 1300 sq ft of storage space, valued at $250,000 and reflects a combined cap rate of 5.71 %

FOR SALE DETAILS

PRICE

$3,100,000 CAD

PRICE/SF

$443 CAD /SF

CAP RATE

5.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parksville Home Hardware

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,997 SF

ZONING

C-3

APN/PARCEL ID

007-341-563,007-341-598,007-341-644,007-341-679

ASK ABOUT THIS PROPERTY

Greg SaboNAI Commercial Central Vancouver IslandMore Info
778-909-0914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Greg SaboNAI Commercial Central Vancouver IslandMore Info
778-909-0914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.