142 Morison Ave

Parksville, British Columbia V9P 0B1

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 1 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 2 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 3 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 4 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 5 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 6 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 7 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 8 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 9 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 10 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 11 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 12 - 922447

    $3,100,000

  • 142 Morison Ave, Parksville, British Columbia  V9P 0B1 - Photo 13 - 922447

    $3,100,000

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Name


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:45055)

Business

Business Type Retail and Wholesale
  • Property Details
    MLS® Number 922447
    Property Type Retail
    Neigbourhood Parksville
    Plan Vip1504
  • Building
    Type Retail
  • 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
  • Rooms
  • Utilities

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