535 Sixth St, Courtenay, BC V9N 1M5

$695,000
List Price
$695,000
MLS® #
882418
Acres
0.11
Subdivision
Cv Courtenay City

Property Description

Excellent Sale and Leaseback opportumity, with a well respected Seller willing to lease this property back until June 30, 2023 at a monthly Basic Rent of $4,000 with the Tenant paying all triple net expenses directly. This should produce a Cap Rate exceeding 6.4%. It is a 1938 character home with a rear addition bringing it to just over 2,000 square feet with major improvements including extensive millwork etc. There is rear lane access with 5 dedicated parking spots. There are 4 private offices. a work station, lunch room, photocopy area, a storage room and 2 washrooms in the rear section. The front section includesa large reception area, 2 private offices and open storage area. The C1 zoning provides great versatility for this downtown location.

Additional Information

Lot Size
4,720
Lot Features
Central location, Easy Access, Landscaped, Shopping Nearby, Sidewalk, Irrigation Sprinkler(s), Rectangular Lot
Parking Type
On Site
Heating
Electric, Heat Pump
Cooling
HVAC, Other
Office Name
Pemberton Holmes Ltd. (Nanaimo)

Listing courtesy of Pemberton Holmes Ltd. (Nanaimo).

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing content Copyright 2021 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.