- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 968147
- Year Built:
- 1952
- Photos (4)
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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 $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 %
- Property Type:
- Commercial Sale
- Type:
- Retail
- Commercial Type:
- Building, Business, Land
- Year built:
- 1952 (Age: 73)
- Lease Type:
- Sale Of Shares
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- PQ Parksville, Parksville/Qualicum
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,997 sq. ft.
- Taxes:
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- Ceiling Heights:
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- Total Potential Area:
- 6,487 sq. ft.
- Leasable Area:
- 6,487 sq. ft.
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- Main Level
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Parksville
- Legal Description:
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- Zoning:
- C3.2 & l-1
- Legal Non-Conformance:
- No
- Business Type:
- Other
- Total Units:
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- Date Listed:
- Jun 20, 2024
- Original Price:
- 3100000.0
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Listed by Royal LePage Coast Capital Realty
Data was last updated April 26, 2025 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 28
- Avg list price:
- $528,944
- Min list price:
- $23
- Max list price:
- $6,500,000
- Avg days on market:
- 50
- Min days on market:
- 12
- Max days on market:
- 362
These statistics are generated based on the current listing's property type
and located in
PQ Parksville. Average values are
derived using median calculations.
- MEGHAN WALKER
- ROYAL LEPAGE PARKSVILLE-QUALICUM BEACH REALTY (PKVL)
- (250) 951-9115
- Contact by Email
- KELSEY MCPHERSON
- ROYAL LEPAGE PARKSVILLE-QUALICUM BEACH REALTY (PKVL)
- (250) 619-1411
- Contact by Email
Royal LePage Parksville-Qualicum Beach Realty
173 West Island Hwy, Parksville, BC V9P 2H1