Investment Property Opportunity! Purchase this fully leased building showing a great annual return of $102,000.00 with a Cap rate over 5% at the asking price. With a 5-year lease & options to renew lasting until 2043. The building is situated in Nanaimo's Vibrant Old City Quarter area and is occupied by one of the city's most popular 1ward-winning restaurants "Asteras Greek Taverna." The building was raised and renovated in 1996 with further renovations in 2008 to its current operation. There is a 2-bedroom, 2-bathroom apartment on the top floor which is rented month to month. The building is set back on the lot allowing parking in the front and on the street. The 2-level building is +/- 3405 square feet in size plus a basement storage area. The owner states the roof is newer and is a hands-off operation. "Please do not disturb the tenant and business operation!" Call for further details and information. All measurements and data is approximate and to be verified if important.More details
What an amazing opportunity to own commercial property. Introducing two retail spaces side by side in a low-rise concrete building and a total of 2,054 SF space. It is owner tenanted with a well-established martial arts studio business that has been in the space for years and who would prefer to stay. On Fraser Street, between King Edward and 33 Avenue, easy access for patrons on front and side as well as parking at the back. This is a carefree investment with your tenant already in place if it’s your choice. Showings by appointments only and no soliciting. Contact us and come check it out.More details
Data was last updated April 19, 2024 at 01:10 AM (UTC)
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