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.
Listing courtesy of Pemberton Holmes Ltd. (Nanaimo).
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