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 approx. 1300 sq ft of storage space, valued at $250,000 and reflects a combined cap rate of 5.71% (id:48643)
Business
| BusinessType | Other |
| BusinessSubType | Other |
Property Details
| MLS® Number | 968147 |
| Property Type | Retail |
| Neigbourhood | Parksville |
| Plan | Vip1504 |
Building
| ConstructedDate | 1952 |
| Type | Retail |
Land
| Acreage | No |
| SizeIrregular | 6997 |
| SizeTotal | 6997 Sqft |
| SizeTotalText | 6997 Sqft |
| ZoningDescription | C3.2 & L-1 |
| ZoningType | Unknown |
https://www.realtor.ca/real-estate/27070449/142-morison-ave-parksville-parksville
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Greg Sabo
2 - 1551 Estevan Road
Nanaimo, British Columbia V9S 3Y3
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July 30 2024 12:22:50
Vancouver Island Real Estate Board
Nai Commercial Central Vancouver Island Ltd.