Bought with Sterling Clerx Colliers International (Nan)
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6461, 6481 Portsmouth Rd Nanaimo, BC V9V 1A3
0.9 Acres Lot
Key Details
Sold Price -
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 953991
Sold Date -
HOA Y/N No
Tax Year 2023
Lot Size 0.900 Acres
Acres 0.9
Property Sub-Type Retail
Property Description
Opportunity to acquire by share purchase, two adjacent properties that are 100% occupied by strong tenants in the Woodgrove area of North Nanaimo. Secure in place income with considerable future upside by way of renewing tenancies and the option of selling individual titles in the future. Both buildings have grade level loading doors plus a loading dock. Approximate cap rate of 5.5% on year 1 with some annual lease escalations.
Location
Province BC
County Nanaimo, City Of
Community Na North Nanaimo
Area Nanaimo
Zoning CC4
Interior
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 20.0
View Y/N false
Street Surface Paved
Total Parking Spaces 20
Garage No
Building
Sewer Sewer Connected
Water Municipal
Others
Restrictions ALR: No
Ownership Freehold
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”