∼ MLS No. 922447 ∼

Sale of Shares (2 Corporations) includes Business with 2 Properties | 142 Morison Ave & 7-1147 Franklin’s Gull Rd, Parksville BC$3,100,000

142 Morison Avenue, Parksville, BC, Canada

  • Type: Other
  • Year Built:
  • Property Tax:
  • Approx. Sq Ft: 0

Parksville Home Hardware & Industrial Warehouse Space

This listing is for the sale of shares of two corporations as follows:

  • Tower Brae Holdings Ltd. which operates as Parksville Home Hardware. 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 at 142 Morison Avenue with excellent traffic flows and it is a destination business with many regular customers. 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.
  • Ormiston Holdings Ltd. owns the land and buildings at 142 Morison Avenue with a 6,997 sq ft retail space, valued at $2.2M and a warehouse at Unit 7-1147 Franklin’s Gull Road in the Parksville Industrial Park with 836 sq ft of storage space, valued at $250,00.  This reflects a combined cap rate of 5.71%

For complete details give Greg a call!


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