Business

NAI Listings

142 Morison Ave
PQ Parksville Parksville V9P 0B1

$3,100,000
Commercial Sale

Main Photo: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 1: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 2: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 3: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 4: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 5: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 6: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 7: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 8: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 9: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 10: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 11: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 12: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Photo 13: 142 Morison Ave in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 922447
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
922447
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 $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 %
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building, Business, Land
Lease Type:
Sale Of Shares
Listing General Location:
PQ Parksville, Parksville/Qualicum
Bathrooms:
- (Full:-/Half:-)
Lot Size:
6,997.048 sq. ft.
Taxes:
$24,005.6 / 2022
Commercial Area:
Not Applicable
Fireplace:
No
Main Level
Assessed:
1688100.0
Assessment year:
2023
Jurisdiction name:
City of Parksville
Legal Description:
Lot 32,Block 2, Plan VIP1504, District Lot 89, Nanoose Land District, That PT of Lot 32 Lying to the E of A boundary parallel to & perpendicularly distant 7 ft from the easterly boundary of said lot 32 Lot 34 Block 2 Plan VIP1504 District Lot 89 Nanoose Land District Lot 33, Block 2, Plan VIP 1504 District Lot 89 Nanoose Land District Lot 37, Block 2, Plan VIP1504, District Lot 89, Nanoose Land District; Strata Lot 7 block 564, Plan VIP6625, Nanoose Land District with share of common property
Zoning:
C3.2 & l-1
Legal Non-Conformance:
No
Road Surface Type:
Paved
Business Type:
Retail
Total Units:
2
Date Listed:
Jan 19, 2023
Original Price:
3100000.0
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Larger map options:
Data was last updated February 28, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$688,000
Min list price:
$79,900
Max list price:
$9,900,000
Avg days on market:
93
Min days on market:
7
Max days on market:
405
These statistics are generated based on the current listing's property type and located in PQ Parksville. Average values are derived using median calculations.
Greg  Sabo