Royal LePage Nanaimo Realty
Parksville Listings
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 968147
- Year Built:
- 1952
- Photos (4)
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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 %
- Property Type:
- Commercial Sale
- Type:
- Retail
- Commercial Type:
- Building, Business, Land
- Year built:
- 1952 (Age: 72)
- Lease Type:
- Sale Of Shares
- Listing General Location:
- PQ Parksville, Parksville/Qualicum
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,997 sq. ft.
- Taxes:
- $25,270 / 2021
- Total Potential Area:
- 6,487 sq. ft.
- Leasable Area:
- 6,487 sq. ft.
- Commercial Area:
- Not Applicable
- Fireplace:
- No
- Main Level
- Assessed:
- 1668100.0
- Assessment year:
- 2023
- Jurisdiction name:
- City of Parksville
- Legal Description:
- Lot 32,Block 2, Plan VIP1504, District Lot 89, Nanoose Land District, That PT of Lot 32 Lying to the E of A boundary parallel to & perpendicularly distant 7 ft from the easterly boundary of said lot 32; Lot 34 Block 2 Plan VIP1504 District Lot 89 Nanoose Land District; Lot 33, Block 2, Plan VIP 1504 District Lot 89 Nanoose Land District; Lot 37, Block 2, Plan VIP1504, District Lot 89, Nanoose Land District; Strata Lot 7 block 564, Plan VIP6625, Nanoose Land District with share of common property
- Zoning:
- C3.2 & l-1
- Legal Non-Conformance:
- No
- Business Type:
- Other
- Total Units:
- 2
- Date Listed:
- Jun 20, 2024
- Original Price:
- 3100000.0
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Listed by NAI Commercial Central Vancouver Island Ltd.
Data was last updated December 22, 2024 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 22
- Avg list price:
- $722,500
- Min list price:
- $55,000
- Max list price:
- $4,000,000
- Avg days on market:
- 125
- Min days on market:
- 24
- Max days on market:
- 237
These statistics are generated based on the current listing's property type
and located in
PQ Parksville. Average values are
derived using median calculations.
- DAVID BAINS
- ROYAL LEPAGE NANAIMO REALTY
- 1 (250) 7587653
- Contact by Email
Royal LePage Nanaimo Realty
Location
4200 Island Highway North
Nanaimo, BC, V9T 1W6