142 Morison Ave Active

Parksville,BC V9P0B1

$ 3100000

- Bed

- Bath

0 SqFt


Key Details

Property Type Commercial

Sub Type Other, See Remarks

Listing Status Active

Purchase Type For Sale

Subdivision Parksville

MLS Listing ID 968147

Originating Board Vancouver Island Real Estate Board

Year Built 1952

Lot Size 6,997 Sqft

Acres 6997.0

Property Description

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:24570)

Location

Province BC

Zoning Unknown

Exterior

Garage No

Waterfront No

View Y/N No

Private Pool No

Others

Ownership Other, See Remarks

View More
Favorite Go Tour