$ 3.100.000

142 Morison Ave, Parksville

  • Type: Commercial
  • Added: 135 days ago
  • Updated: 95 days ago
  • Last Checked: 13 hours ago
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. The premises is a well maintained building with ample space to display the retail sales of this well stocked family hardware store. Any buyer must be able to qualify as a franchisee within the Home Hardware franchise agreement. 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% (id:1945)

Property Details

  • Year Built: 1952
  • Structure Type: Retail

Exterior & Lot Features

  • Lot Size Units: square feet
  • Lot Size Dimensions: 6997

Business & Leasing Information

  • Business Type: Other

Tax & Legal Information

  • Tax Lot: 32
  • Zoning: Unknown
  • Tax Block: 2
  • Parcel Number: 007-341-563
  • Tax Annual Amount: 25270
  • Zoning Description: C3.2 & l-1
This listing content provided by REALTOR.ca has been licensed by REALTOR®
members of The Canadian Real Estate Association

Nearby Places

Name
Type
Address
Distance
Naked Naturals Whole Foods Ltd
Grocery or supermarket
142 Alberni Hwy
0.2 km
Vancouver Island University, Parksville-Qualicum Centre
University
100 Jensen Ave E
0.4 km
SUSHI DECO!
Restaurant
261 E Island Hwy
0.6 km
Lefty's Fresh Food Restaurant
Store
280 E Island Hwy #101
0.7 km
Thrifty Foods
Pharmacy
280 E Island Hwy
0.7 km
Quality Foods
Grocery or supermarket
319 E Island Hwy
0.8 km
Boston Pizza
Restaurant
430 E Island Hwy
1.1 km
Sushi Ichi
Restaurant
541 E Island Hwy
1.5 km
Riverbend Cottage & RV Resort
Rv park
924 E Island Hwy #1
2.6 km
Rathtrevor Beach Provincial Park
Park
Parksville
3.2 km
Tigh-Na-Mara Seaside Spa Resort & Conference Centre
Restaurant
1155 Resort Dr
3.7 km
Little Qualicum Cheeseworks
Food
403 Lowrys Rd
3.9 km
More Details?
  • Greg Sabo
  • NAI Commercial Central Vancouver Island Ltd.
  • 250-240-1226

Similar Commercial listings For Sale

Comparison of 142 Morison Ave, Parksville, BC with Nearby Commercial listings
Nearby Cities Listings Avg. price
Qualicum Beach Real Estate 144 $1.081.925
Nanoose Bay Real Estate 100 $1.360.482
Nanaimo Real Estate 686 $936.640
Port Alberni Real Estate 276 $783.574
Halfmoon Bay Real Estate 55 $1.683.265
Sechelt Real Estate 153 $1.326.123
Popular Cities Listings Avg. price
West Vancouver Real Estate 363 $4.460.606
Vancouver Real Estate 3199 $2.095.040
North Vancouver Real Estate 612 $1.713.917
Richmond Real Estate 960 $1.625.875
Burnaby Real Estate 1029 $1.389.307
New Westminster Real Estate 341 $1.319.719