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142 Morison Ave Parksville, British Columbia V9P 0B1

$3,100,000

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 836 sq ft of storage space, valued at $250,000 and reflects a combined cap rate of 5.71% (id:51018)

Business

Business Type Retail and Wholesale

Property Details

MLS® Number 922447
Property Type Office
Neigbourhood Parksville
Plan Vip1504

Building

Type Offices

Land

Access Type Road Access
Acreage No
Size Irregular 6997
Size Total 6997 Sqft
Size Total Text 6997 Sqft
Zoning Description C3.2 & L-1
Zoning Type Unknown

https://www.realtor.ca/real-estate/25229838/142-morison-ave-parksville-parksville

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Greg Sabo

(250) 240-1226

Nai Commercial Central Vancouver Island Ltd.
2 - 1551 Estevan Road
Nanaimo, British Columbia V9S 3Y3

(250) 753-5757
(800) 769-5757
(250) 753-4993
www.naivanisle.ca

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