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$ 1,600,000
Est. payment | /mo
0.36 Acres Lot
$ 1,600,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision West Duncan
MLS® Listing ID 1004836
Year Built 1996
Lot Size 0.364 Acres
Acres 15855.0
Property Sub-Type Freehold
Source Victoria Real Estate Board
Property Description
Exceptional income property in the historic downtown core area of Duncan with a 6% cap rate. The property has strong tenancies with a long term track record of full occupancy. The main tenant is a highly respected law firm that has been a tenant since 1996 (occupies approximately 75% of the leasable space). The remaining leasable space (approximately 25%) is held by well established tenants including four separate health and wellness businesses. The property is supported by a vibrant community that is seeing significant growth and revitalization. Duncan is located in Southern Vancouver Island and is 60 KM north of Victoria and 50 KM south of Nanaimo. Duncan is the main business and shopping center for the Cowichan Valley. This property is only suitable for an income investor that desires strong tenancies with low turnover and long-term leases. Do not approach tenants and all sizes are approx. and should be verified by the Buyer. Income Investors only - long term leases in place. (id:24570)
Location
State BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Heat Pump
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N Yes
View City view, Mountain view
Total Parking Spaces 22
Private Pool No
Others
Ownership Freehold
Virtual Tour https://buildout.com/website/1023111-sale
Listed by Coldwell Banker Oceanside Real Estate
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