$ 3,100,000
142 Morison Ave Parksville, BC V9P0B1
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$ 3,100,000
Est. payment | /mo
6,997 Sqft Lot
$ 3,100,000
Est. payment | /mo
6,997 Sqft Lot
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
Listed by NAI Commercial Central Vancouver Island Ltd.
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