12 Photos
Click to view gallery
$2,995,000
142 Morison Ave
Parksville, BC V9P 0B1
Parksville, BC V9P 0B1
Retail
Year Built
1952
Property Description
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 $545,000 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 %
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 $545,000 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 Details
MLS #:
968147
ID #:
27092760
Type:
Commercial Sale
Sub-Type:
Retail
Area:
Parksville/Qualicum
Sub-Area:
PQ Parksville
Status:
Active
Lot Size:
0.16 acres
Property Tax:
$25,270 (2021)
Days on Market:
614 days
Listing provided by Royal LePage Coast Capital Realty
Canadian Mortgage Calculator
Mortgage Amount:
$0
Payment Amount:
$0
Total Interest:
$0
Total Cost:
$0
After 5 Year Term:
Principal Paid:
$0
Interest Paid:
$0
Remaining Balance:
$0
Annual Payment Breakdown
Remaining Balance
Principal Paid
Interest Paid
*Chart shows mortgage balance progression and cumulative payments over the selected term
*Calculations are estimates for informational purposes only. Please consult with a mortgage professional for accurate rates and terms.
Contact Information
Trish Turnbull
Personal Real Estate Corporation
Property Photos
×
![Property Photo]()
1 / 12
Location
142 Morison Ave , Parksville, BC V9P 0B1