This two-storey fully leased investment property is located in downtown Nanaimo on the corner of Commercial Street and Bastian Street. The building consists of two ground floor units and a second floor unit.
The ground floor units are leased to a well established clothing store and a restaurant provider. The second floor is occupied by a long term tenant that provides graphics screen printing and embroidery.
The total leasable space is 6,034 Sq. Ft. Unit A; 1,717 Sq. Ft., Unit B; 1,248 Sq. Ft., and the second floor Unit being 3,069 Sq. Ft.
This property will be further enhanced by the City of Nanaimo improvements that are currently in progress along Commercial Street, details can be found on the City of Nanaimo website.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building
Year built:
1908
(Age: 116)
Lease Type:
Sale Price
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Taxes:
$23,449 /
2023
Number of Storeys:
2
Total Building Area:
6,034 sq. ft.561 m2
Leasable Area:
6,034 sq. ft.561 m2
Commercial Area:
Downtown
Subdivisable Area:
Yes
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
1366000.0
Assessment year:
2024
Jurisdiction name:
City of Nanaimo
Legal Description:
Lot 8, Block 57, Section 1, Nanaimo District, Plan 584, except parcel "A" (DD 5055N) thereof