€1,884,794 EUR | £1,630,736 GBP | $2,187,480 USD
Type: Commercial-Retail
Land area: 6997 ft2
Agent/Owner:
exp Realty
Cory Chapman
Location: Canada
Speaks: English
Display Phone No.
Advert last updated: 8/11/2025
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142 Morison Ave, Parksville, BC V9P 0B1
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 %
Taxes$25,270
Days on Market344
Notes:
Courtesy of Royal LePage Coast Capital Realty
The listing data displayed is deemed reliable but is not guaranteed accurate. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer`s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.
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