142 Morison Ave, Parksville, BC V9P 0B1
142 Morison Ave, Parksville, BC V9P 0B1
142 Morison Ave, Parksville, BC V9P 0B1
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Office RE/MAX Generation

Office RE/MAX Generation

+1(250) 812-4950
Listed by Greg Sabo Royal LePage Coast Capital Realty
$2,750,000
Est. payment /mo
6,487 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,487 sqft

Price per Sqft $423

MLS Listing ID 1029366

HOA Y/N No

Year Built 1952

Annual Tax Amount $25,270

Tax Year 2023

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Retail

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. Tower Brae Holdings Ltd. is offered for
sale at $350,000 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 $2.150M 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 %

Location

Province BC

County Parksville, City Of

Community Pq Parksville

Area Parksville/Qualicum

Zoning C3.2 & l-1

Interior

Fireplace No

Exterior

View Y/N No

Garage No

Others

Ownership Other

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